Inandlong- I apologize for my part in the mess, and I will refrain from posting here so often if it helps. I don't understand though why it is that when I was simply mentioning my site and services very often but not a sponsor no one seemed to have a problem. Now I am paying to us ET and I am terrible At any rate, I think you have a great thread going here and I do not want to have a role in ruining it. Brandon
JCI has more to bleed--to test $54 area. PEP trading to $54, line still on, but made adjustments on the open. alex EDIT: p.s. i'm not here to win awards or praise or to sell products. i am here to meet people that trade for a living and are smarter and better then i am. problem is weeding through all the charlatans and self-promoters to get to the few individuals that i want to know. in the meantime, i will share some of my positions and thoughts so that individuals that i want to meet/know can get a handle on me and my capacity/ability.
question doc, you bought back the call you sold but held shares short?! please don't say the delta was too high?hehe can you please explain this trade where you mirrored shares short by selling a call option, bought the call option back, and held shares short until today? i'm eager to learn. thx. alex edit: the bilderberg's want oil at $120 and china to revalue the YUAN. also, they are planning or trying to convince leaders to launch a pre-emptive strike against Iran before the Israeli news of major nuclear holdings hits mass media. The dates are set for either June 2005 or August 2005 in their wargame scenario. Tread wisely.
Gladly. Originally, I shorted WYNN (the underlying) on the 3rd of June. The IV at this time was low. The original trade was generated by my Elastic Band indicator and had 88% of potential probability to produce profits. Then I realised that I gained a few bucks and the IV picked up dramatically. So, instead of pyramiding the underlying I decided to sell calls to accelerate my winning position. I bought calls back as IV dropped and then I got the "exit" signal on my underlying. I always use this strategy to increase my returns. Cheers.