Sorry folks....just feel like throwing here my options play. Just got filled on an order... Options' symbol:OCT 35 Call, .CHSJG Underlying security: CHS Filled price: Limit 2.40 Time: 9:58:01AM High risk trade due to theta. If volatility collapses, I will bail out at 2.00, but it is likely the stock will climb to $40/share before October 18th - expiration day.
I'm trying to grow a small account to 100K by December 2005. The account started at 10K in September 2005. I had DIA and AVID options that posted some but small profits. Let's watch and see if I would make it to 100K by December ending. I've done it before on several occasions but this will be in the full glare of the public.
Damn man you have some serious risk tolerace or maybe I am just small time. My largest trade so far is long Jan 2006 INTC 25 calls; 12 contracts. Right now I am taking about a 1k loss, but I am staying with it, because I am a strong believer of INTC. Nice job on the 5k.
Actually, I have a lot to reveal but let me prove my aplomb first. I've not busted any 10K account. I started trading options for a living in 1996 and have posted mind boggling returns since then. I'll show screenshots of my account taken some years back, but in December.
I buy outright options (Calls or Puts) in excess of 200 contracts, and I'm shooting for 1,000 contracts by 2006 March. I may appear foolish and stupid buying options because many options traders assume that 90% of options buyers lose money. I put in place partial or full recovery adjustment plans should my trades go awry, but they hardly do!
Hey, I'm really new; only been studying options since the end of August. Had a pretty good day though, every thing I owned finished up. AUVI CBGWJ DWNWP FCLWA NBRVN VLOVD VNOWQ Gonna watch closely.