My Options Play

Yes!

 

bit of a rhetorical question ....

I have all this data, trying find ways to use it. I don't want to return to cubicle hell anytime soon!


2006 MACD crossing for LCAV

symbol qdate qdate_1 dmacd dmacd_1
LCAV 03/17/2006 16:00:00 03/16/2006 16:00:00 0.14 -0.14
LCAV 02/08/2006 16:00:00 02/07/2006 16:00:00 -0.01 0.11


This may be a better indicator, lags less... not sure how I calculate it

symbol qdate qdate_1 dmacd dmacd_1
LCAV 03/16/2006 16:00:00 03/15/2006 16:00:00 -0.14 -0.31
LCAV 02/22/2006 16:00:00 02/21/2006 16:00:00 -0.49 -0.12
LCAV 01/12/2006 16:00:00 01/11/2006 16:00:00 -0.07 -0.20
LCAV 01/11/2006 16:00:00 01/10/2006 16:00:00 -0.20 -0.24
LCAV 01/10/2006 16:00:00 01/09/2006 16:00:00 -0.24 -0.32

 

Update:

Holding:

3 SNDK May 62.50 Call @ 2.65
25 LCAV June 50 Call @ 2.55

Added today: 8 contracts of April SNDK 55 Call @ 5.80

 

Oh, well..tomorrow is another day!

 

Indeed it is....

I broke down and bought 10 OSTK Apr 30 puts
@ 1.30, I think this stock will hit 18 in the next month
or so.

 

Are you sure that you bought OSTK APR 2006 30 Put ( .QKTPF)? I see only 4 contracts changing hands at $1.3. Is this a paper trade?

Anyway, technically it doesn't seem a good short entry point here. You might be correct, and OSTK might resume its way down, but for the last month it was in a pretty nice uptrend. OSTK needs to firstly deal with $31.1 level. Once this is put behind we may have a better picture of its trend.

I see that OSTK will report earning beginning of May, IV ~60% (1 year 45-85), analysts are bearish, put/call ratio historically low.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1024731>

• Quote from pattersb:
  
  Indeed it is....
  
  I broke down and bought 10 OSTK Apr 30 puts
  @ 1.30, I think this stock will hit 18 in the next month
  or so.

 

Good entries. Congrats!
-SNDK around $56, then $58 (now$59).
-LCAV around $46.5 (now $48.4).

I see SNDK moving up, but somehow it doesn't convince me ... Technicals look positive, but the up move seems kind of subdued.

• Quote from Multioption:
  
  Update:
  
  Holding:
  
  3 SNDK May 62.50 Call @ 2.65
  25 LCAV June 50 Call @ 2.55
  
  Added today: 8 contracts of April SNDK 55 Call @ 5.80

 

Thanks! I'm expecting SNDK to trade at 60+ before April 7th. That would compensate for the time.

 

I think it will take some time before OSTK bearish trend is established.....good luck!!

 

I'm in a SNDK April bull put spread. I plan on exiting before earnings on Thursday April 20, just 1 day before expiry.