starting a Journal for mostly options plays -- - but also futures and equities will be included-- as favorable swing/position trades are identified. May do some day trading of options but most positions will last from 3-60 days. Will trade options on indexes and equities. I had posted some option plays on multi_option's thread that fortunately worked out well, and also had some good dialogue with other traders -- but that thread is really designed for him to post his option plays, and so I will continue to read that thread with interest. Hopefully some of the posters from that thread will offer some input and/or feel free to post suggested (option) trades of theirs' on here as well (only let's keep the b.s. to a minimum). I will elaborate more as this Journal unfolds --- as to my thinking, criteria and pertinent factors of each position -- and will update subsequent repair/management strategies (if any). Will try to post details of each trade - and then will seek to analyze the character of each so as to assess the efficacy thereof in order to improve future performance. Ice
putting VLO on radar screen for long entry - even though it might trade lower here- and short of underlying might yield results-- not going to enter short via put options at this level given it has entered the gap from 10/28/05 and could easily reverse with downside maybe <2 points, for the time being.
going to enter order buying (10) VLO dec 115c @1.65 -day- (1.95/2.05 currently) and then 'leg' into backspread on any subsequent move higher (if filled on 115c) - by selling Dec 110c
Hey ice. Are you still watching NIHD? it seems more like absorbtion than distribution right now. Maybe wait for a breakdown below 82 to buy PUTS.
yes stock is trading split adjusted Nov 22nd so that's a concern for shorting it - before then actually thinking about adding 85 or 90c
scaling into VLO Dec 115c @ 1.55- 1.70 (vlo lc ) Selling 1 Dec 110 call for every 3.5 Dec 115c stock could trade lower from this level (101.7) - maybe another 1-2 points into gap-- perhaps below100 -
At current prices -- not target prices of course --, you are spending $2.45 for a 3:1 spread. What's got you so bullish on oil at this point into the end of the year?