Conservative Options Trades

Put_Master · Aug 13, 2012

Quote from cdcaveman:

He reads all our posts don't you worry.. he's just a big kid that wants friends around to tell that they are stupid... great friendship danny boy... thanks! Haha
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Diaoptions missed the 50 posts by DanShirley, reminding everyone that he has everyone on ignore.
Funny how he keeps reading us and responding that he will no longer respond, because he has everyone on ignore.
Gee, I wonder who the super secret identity of NOEXPERT really is???
LOL!

diaoptions · Aug 13, 2012

A trade in GG progress. Sell Jan13 28P and buy Jan13 24P. Probability about 92%.

http://finance.yahoo.com/q?s=GG&reco=1

Put_Master · Aug 13, 2012

Quote from diaoptions:
A trade in GG progress. Sell Jan13 28P and buy Jan13 24P. Probability about 92%.

You are going to get a big spanking when daddy returns.
Not only are you posting a trade on his personal thread, you are not even selecting a stock near it's all time highs.
If daddy lets you get away with posting on his personal thread, and doing it on a stock not near it's all time high,... I may move my trades over to here as well. as they are currently posted on the MY OPTION TRADES thread.
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cdcaveman · Aug 13, 2012

Quote from Put_Master:

Quote from diaoptions:
A trade in GG progress. Sell Jan13 28P and buy Jan13 24P. Probability about 92%.

You are going to get a big spanking when daddy returns.
Not only are you posting a trade on his personal thread, you are not even selecting a stock near it's all time highs.
If daddy lets you get away with posting on his personal thread, and doing it on a stock not near it's all time high,... I may move my trades over to here as well. as they are currently posted on the MY OPTION TRADES thread.
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hahah..... i think we should all post our trades on this thread..
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cdcaveman · Aug 13, 2012

Quote from danshirley:

"Looks like danshirley has been chased back to his comfort zone in his private thread. It's too hot in the other option forums for him so he seeks safety in this one".

"And back to waiting for his stocks to trade at all time highs, before selling a put spread on them.
Latest being..."

Indeed I am sorry I went out into the slums and actually talked to the numbnuts out there...as I have always said: doing this tends to drag some of the slime back on your boots which tends to get the carpet dirty.

I apologize to the people who read this thread for trailing back the above garbage.

It probably is unwise to answer the slings and arrows of the stupid as that merely prolongs the agony.

I do have both the above posters (and virtually all other regular posters) on ignore as I recommend you to do also... but when I accidently browse by while not logged on and see this it's hard not to respond.

I know that much earlier in this thread I have answered these (and many other, much more cogent) 'questions' but I will offer the following... as the absolute LAST time I will talk to trolls... I promise.

First and most important as I have stated many many times before the postings here do not represent buys to my portfolio and certainly do not represent any recommendation that anyone else make the trade listed. They are simply possible trades of topical interest.

For me, I seperate my market activity into 2 parts: trade discovery and portfolio management. What is posted here is trade discovery... not portfolio management. That is why I rarely post anything about fills or closures. These are not relevant.

My personal portfolio management may or may not use the trades 'discovered' here. I have stated many times as general
information that I make less than 50% of the trades shown here, and I often make trades that are not posted here at all because they use resources that are not available to the average retail trader, or that use bonds or futures, or I just don't bother.

Of course I do not sell put spreads triggered by a new high in price.

To suggest I do is silly and the result of an emotionally unballanced troll looking for something nasty to say... and finding what his feeble mind thinks is an excuse.

As I have said many times also... I ignore technical analysis... including new highs. Many studies have been done that show technical analysis does not work.

But you should recognize that many 'technicians' do in fact take a new high as a buy signal. I do not, but I am not so childish that I would berate anyone who does as an idiot. Maybe he has a good reason I am not privy too. Maybe I don't know everything.

If I were interested I would ask him (politely) why he does that and I probably would get some new information or insight in the answer. That what mature people, who are not angry, desperate narcissists do.

For me, what often triggers a look at trade possibilities for a stock is good news... and often good news is accompanied by a spike in price. I especially trade good news when it promises to make the stock resistant to negative market pressures during the time that the trade is in effect. In the instance in the immediately above posting... KFT had an earnings surprise that beat estimates AND they stood by their previous projections for the year. This bodes well for the remainder of the year for KFT and supports the bull put spread. The spike in price is simply an irrelevant inconvience.

Actually, if you look through my thread you will find that bad news and a drop in price is also sometimes used as a trigger. If the stock is strong and the drop promises to be temporary this might be a good idea. Or maybe not. I am more reluctant to trade a drop.

Now should I wait for KFT to 'settle down' before I buy in? Perhaps I will... or perhaps I won't make this trade ever. That's a matter for portfolio management... a different department.

Of course KFT might also go further up which is why a new high is considered by some to be a buy signal. If I make the trade and it does go up I will be happy about that... but it's not part of my decision process.

I don't know what will happen in the future. My trading is based 99.9% on statistics... especially a positive expectation, and I don't take a new high as either positive or negative. I don't care.

As to the above trolls: Go Away boys. You bother me.

If you don't like my trades don't read them. If you have so much to offer create your own thread and show us what you can do. Stop acting like assholes who weren't invited to the party. No one has appointed you to police other posters and pass or fail their postings. It is just possible that the reason a trade looks stupid to you is that the poster knows more than you do.

Grow up for christ's sake.
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traderlux · Aug 13, 2012

Quote from diaoptions:

I at first didn't like DanShirley's posts. Now after some thought I like his posts and will be contributing to his thread, I'm like his little helper.

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here are a couple of helper trades, "options" that never expire, cant get more conservative than that....

BX
http://www.marketwatch.com/investing/stock/bx

S
http://finance.yahoo.com/q?s=S

traderlux · Aug 14, 2012

Quote from cdcaveman:

hahah..... i think we should all post our trades on this thread..
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if the trades are helper trades and conservative, well, hell yeah....

Put_Master · Aug 14, 2012

Quote from traderlux:

if the trades are helper trades and conservative, well, hell yeah....
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How ironic, that if we all post our trades here, our trades would be the only ones that would actually be "conservative",.....on the CONSERVATIVE OPTION TRADE thread. How ironic!
And then just to further blend into his theme of this thread, we should all put each other on IGNORE.
LOL!

cdcaveman · Aug 14, 2012

heres my conservative of all conservative trades.. sell puts on the TBT... take shares and more shares.. and fucking hold them..

Put_Master · Aug 14, 2012

Thanks for sharing your wild and crazy conservative trade.
I am now putting you on official pretend ignore.