"I had hoped for some insight " In the past 4 trading days I gave you 5 winning trades, 1 scratch, 0 losses and 150+ total points profit all posted in real time. How much more insight do you want ?
Not profits volente'... insight! Sheesh. Closed all JCP May 50 Calls +.10. It's beautiful outside, my daughter is home from school, my new wakeboard came today, I don't feel like working anymore and the JCP's were the only trade on my screen that warranted attention. Good luck guys... and thanks for all of your posts.
closed HOT long this a.m. for a profit gap-up filled this a.m. observe this level/pivot...will post as soon as i take a position, if today....(i know my "commentary" is useless for some here) alex edit: next major support is $49 HOT
Short HON May 40 calls, ave price: $0.53 Short HON May 42.50 calls at $0.25 Has anyone ever seen a stock run up on a Friday on takeover rumors, and actually announce the merger on Monday morning? In ten years of trading, I can't think of a single example. Once again, Joe public is dreaming of winning the OTM call option lottery... and I'm right there, selling him the tickets.
"maybe but the one time it happens will hurt. is it worth the risk for 53 cents?" Sounds like a risky strategy but if that is oyur style more power to you.