My Options Play

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

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  1. The average daily volume for TNT is 68,000 and the example you show has a spike of 6% on a volume of 77,700. I see nothing unusual.
     
    #211     Oct 24, 2005
  2. I just got filled on an order to buy 60 BBY Nov 45 Call @ 1.75.

    Option's symbol: .BBYKI
    Contract month: NOV 45 Call
    Underlying security: BBY
    # of contracts: 60
     
    #212     Oct 24, 2005
  3. 16 of 60 contracts are filled at the moment.

    Will update.
     
    #213     Oct 24, 2005
  4. Adjusted limit price to 1.80 for 44 contracts. I'll update!
     
    #214     Oct 24, 2005
  5. Why chase nickles?

    Just put your order in at MARKET or the ASK price and call it the day. The reason your order doesn't get filled is because you are RIGHT on the direction.
     
    #215     Oct 24, 2005
  6. cnms2

    cnms2

    Interesting. I don't see what you've seen.

    It seems to brake from a narrowed 2 sigma Bollinger Band. I see a bullish MACD divergence from mid September on the daily chart, but I can't see another entry indication except if you're trading a breakout. If anything, the minute chart is slightly bearish.

    I'm anxious to see how it goes. Good luck!
     
    #216     Oct 24, 2005
  7. Finally got filled Buy-to-open on 60 contracts of BBY Nov 45 Call @ $1.815 (Average cost).

    I'll update!
     
    #217     Oct 24, 2005
  8. cnms2

    cnms2

    What are your stop loss and exit target?
    Do you have the same 5-7 day time frame?
     
    #218     Oct 24, 2005
  9. Bought or sold?
     
    #219     Oct 24, 2005
  10. Exit target is open, at least for now. Stop loss is somewhat difficult to set at the moment because if the stock should retrace, it shouldn't be more than 0.70 before it takes off again. I have my eyes on the intraday. A dip to 44.50 won't cause any hoopla!


    Yes! The trade should not last more than 5-7 trading days
     
    #220     Oct 24, 2005
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