My Options Play

Discussion in 'Options' started by Multioption, Oct 3, 2005.

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  1. Well so far not so bad, but we could have timed the entry a whole lot better....

    Anyway, I'm committed to following along, so if you don't mind, just let me know when you take action.

    Thanks,

    - The New Guy
     
    #111     Oct 17, 2005
  2. Actually, I've resolved to take profits today should PEET hit $33/share. I will update if/when I bail out.
     
    #112     Oct 17, 2005
  3. My order is in to sell $3.20....

    I will update!
     
    #113     Oct 17, 2005
  4. I'm out. Position closed at $3.20/contract for $4,000 profits.

    I will post new trades......
     
    #114     Oct 17, 2005
  5. Choad

    Choad

    Way to kick ass, Multi!!!

    I still think it was too much risk, but hell, you got the MONEY! :D

    C
     
    #115     Oct 17, 2005
  6. Yeah! The risk is there, but the skill is also there!

    So it's skill vs risk! :)
     
    #116     Oct 17, 2005
  7. Dang, I was busy with another trade. Still a decent trade tho, thanks!

    - The New Guy
     
    #117     Oct 17, 2005
  8. Multi, you alluded to buying front month options that were 1 strike ITM (true?). What other characteristics are you looking for? Historically low IV? (i.e. low time value = cheap)
     
    #118     Oct 17, 2005
  9. screenshot of order...
     
    #119     Oct 17, 2005
  10. Nice trade Multi"brassballs"option. You list a number of indicators and say you are pro-T/A. You find money where there is chaos and misunderstanding--the purest of trades. List some NYSE or AMEX stocks, will you. I am definitely intrigued but can't allow myself to believe that your option trades, taken according to your purpose, consist of signal failures from the indicators you list. I would bet the farm and say you definitely have constructed custom indicators that assist in finding and measuring possible trades. Nonetheless it's nice to see you post and show confidence in your trades and work. Keep it up.
     
    #120     Oct 17, 2005
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