It was a paper-trade. It hit my $31.5 stop-loss. I didn't look at it anymore to see if / how last week signals changed. I noticed that today VZ oscillated around my stop-loss value. Are you considering trading it? I'm caught with other things this morning, so I might not be able to look at it until later .
Impressive. Congratulations! What's your forecast time frame, 1-2 days only or longer? Does it work on indexes too or only stocks?
How would you suggest to play it? What's your forecast: up, down sideways? My paper-trade on HUM went well so far, in spite of the unimpressive earnings report.
I was under the impression that you trade with money. My mistake. ST humana trade is over or nearly over. Depends how you played it. I can't get specific about this one b/c of consideration of other parties involved. I thought you would easily see which ATM options had high time value to sell. LYO isn't getting the reaction as anticipated so a different strategy will commence this week, if at all. EDIT: pinabetal, have a cigar, you're gonna go far. You are dead wrong about LYO. I would stand aside with that outlook.imo
I could be dead wrong. I have been dead wrong lots of times in my years of learning the markets. I forecast for next day most of the time. So, after market closes I will take a fresh look at LYO and make a forecast for tuesday based on the new info. I don't smoke ...need to see the screen.. besides its bad for ones health...so how about I grab a cup of coffee and sit back while LYO heads north as I think you are saying it will do.
Pink Floyd--your forecasts--mostly being correct--working the system. Good for you. I am working hard to take LYO down but to me, up, down, what's the difference. Risk-Time-Biggest bang for the buck are all on my mind right now. I want this week to be a good earning week so i'm putting in extra hours to find better trades--some are shelved for the time being.
I didn't put money on neither one of the trades discussed here. I looked at VZ because of Schaeffer's Contrarian commentary on Barron's bullish assessment, then I asked for Multi's opinion to compare results. I looked at HUM and AAPL as they were discussed on this board.
Weeklies show bullish divergences. Dailies trend up and the price broke the 22 day EMA, stopping today at the 50 day SMA. Stochastic and RSI are overbought. I think that all these plus the mixed shorter time frame charts indicate a temporary exhaustion. I don't see an entry point in either direction. In the near future it might form a cup and handle pattern. In conclusion I would stay out of VZ. IV dropped to 18 (it was 24% before last week earnings) which is about the middle range of this past year. There is no much premium to sell ($.20 for Nov). If I had any VZ positions I would look to close them with a limit order hoping for $.10-20 favorable swing, with a very close stop. Except of a market crash, I don't see substantial risk in trying to squeeze a few cents.