you think BBY is going higher tomorrow"? It's possible, I guess - but I got the missive below from Briefing.com on Nov 30th: 11-30-05 BBY GameStop warning reinforces Goldman' view that Best Buy will track to low end of guidance (48.75 ) Goldman Sachs says GameStop's (GME 34.99) preannouncement of a JanQ sales shortfall on insufficient Xbox 360 supply is consistent with the firm's view that BBY's Q3 (Nov) sales trends will track toward the low end of 3%-5% guidance. Post BBY's rally, Goldman believes the price discounts better news and would not be aggressive near term" however- it certainly could shoot up higher- but right now it looks like <47.50 "might" be in the cards by expiry. Still + March 53 + Jan 50c - Dec 50c
yes --- but I have short (put) premium also -- sold the front 65p for 1.40 -- covered those - and today tried to cover the Jan 65 puts (sold for 2.73) --- but the offer never got <1- was planning on rolling (selling) into Jan 67.50p - b.t.w tomorrow I plan on maybe adding some AAPL puts- maybe the Jan 75p or perhaps Dec 75p - as I am almost certain AAPL is going lower into next week's expiry with a st target of <71. But --- like Maverick74 has psoted - the smart trade was long... and maybe still is. We'll see. I still look for AAPL to get cracked in January - just a hunch that we will see upper 40s-lower 50s AAPL. The Q is will it be before or after it trades to >80. did you get in any CME calls ?
not a good idea - AAPL is the last stock I'd sell naked calls on given the current strong uptrend. JMHO why not sell Dec and buy Jan or vice versa- maybe someone can elaborate on said calendar strategy as I didn't run a model.
not a good idea - AAPL is the last stock I'd sell naked calls on given the current strong uptrend. JMHO why not sell Dec and buy Jan or vice versa- maybe someone can elaborate on said calendar strategy as I didn't run a model Thanks for the input. Lets assume that AAPL will be 78 by Dec option expiry date. I consider selling Call safer than buying Put and here is why: If you buy PUT, your money is gone so you have lost all your put money. If you sell Call, you will be short at 75 while the stock is at 78. You have got 1.2 from premium so you have lost only $3-$1.2=$1.8 per share. I just guess you can be patient and cover your short at $75 or lower. I used the same strategy in my HD trade. I got short at $42.5 and I covered the next monday at $42.20. I know that if AAPL jumps to $100, you are cooked.
Trying something somewhat different in 3 to 5 day swing trades. What is amazing is the high degree of accuracy. Traded XTO AH and made $500, GM LX and made $200, XQN AD and made $125, went the opposite way and traded XQN MD and made $400 all in the span of around 2 days on average. My long term trades have not done as well. Lost $500 on NUS XW, ADQ MH (adsk) (in at $1.90) another loser but, stock dropped over $1 today, and time left so, it could still turn around or loss become smaller. UGO MC (sgtl) (in at $2.00) and down somewhat. DLB CW (dlb) up about $0.60 per contract or $300. Also, have BMD (stock play) on my 401K 200 sh@7.36 Anyone tried swing trading in 3-5 days in options? It seems to be better compared to longer term trades.
Just check what the major indices are doing. Based on this, it is easier to determine if a short or a longer holding time frame is appropiate. Good luck.
Optionpro007, Thanks. I have not used the major indices and based my decisions on the stock charts and technical indicators alone. I'll definitely look into that aspect of analyzing my options trades. I am still working on my entry point and I am probably off in my timing as far as longer term trades go but, my timing on short 3-5 day trades seem to be okay. Sticking just to directional trades buying puts and calls depending on where the stock is going. Not doing too badly and not making a killing either!!! I am happy though, learning a lot trading options and still studying.
No more live trades for easy confirmation? Can you be trusted? Your record of confirmed trades is dismal.