Iceman1 you're a man of few words Let me see if I get you right: TRI at $41.31: you like it but not enough to get in now, but on a ~5% retracement to 38-39 (maybe 40) you'll enter long DNA at $93.51: this is a "winding" forecast -short term you expect it to slightly drop so you'd enter short at 94-95 (after 1% up) -intermediate term you expect it to bump up, and you'll buy the Dec100 calls; probably during the short term pull back -long term you expect DNA to retrace back to today's prices; so you'll buy the Mar 90 or 95 puts, probably on the bump up. Interesting ... So precise
just patiently watching both of them for a trade to develop --- volume on TRI on 10/24th & 10/25) has me interested - but I think it may trade back to 40 -- maybe breach it before reaching LT support- reversing trend - let's watch and see what happens DNA maybe will hit a second price high @ or near 95 -- then sell off maybe 8-10 points - only thing opposing that view is the current strength of broader markets- and the apparent health of its (DNA) major trend .
But with the number of contracts traded the profit was huge, so quality over quantity. Only one trade produced a loss (BBY) but would have been a huge winner if hung on a little longer. Hindsight is always 20/20 though, can you imagine getting in on the GOOG calls, $10,000 to $300,000+ during the last 3 months or so.
No kidding! I'm hoping we'll find a similar runner to throw around before Christmas - or even one as bearish as GOOG is bullish and play both of them. I imagine it'll hit a resistance at $400 and just carry on after the correction - I don't know any sources saying anything bearish about it. I'm going to be hanging on til $400 at least, then if it corrects more than $6 ride a put on it til she comes out of the pit stop.
Another challenge, other detractors, same spirit ... I guess everybody here will think that these quotes apply to somebody else.
Nice article about money & risk management: http://www.fxstreet.com/chat/transcripts/20051103chatsession.asp
The difference though is that this thread was precipitated by an argument between me and some other forumites (non-investment forum) who don't believe in technical analysis. People will always react negatively when intention is misunderstood, albeit their expectations/anticipation may be right. (DMI, MACD, and EMAs) "The difference is in the person, not the system." - ET Forumite
There are some real smart options traders on this post (one or two assholes, but don't let that stop this thread!) Anyway, if one of you guys have a chance, please check out my journal and especially the paper account. I would love a critique of my open positions from some experienced traders. Also of my real account-I'm trading a 5K account and trying not to lose it all!! http://www.elitetrader.com/vb/showthread.php?s=&postid=889315#post889315
I am playing TXN instead of QCOM. They are going in the same direction. It seems that as much as the street hates INTC, loves QCOM, AAPL, and TXN. I had 20 naked PUT for Nov 30 for TXN. My price was 1.3 that it went against me up to 2.5 but I stuck to it and now it is going in my favor. I also know that ADI's PUT 35 for Nov will expire worthless.I have no more money to put on it but I suggest to sell naked PUT 35 for Nov. My trades : sold 10 naked PUT for DELL 27.5 Nov. for 0.15 I am also thinking that the following spread on HD might be profitable. Buy PUT 40 Nov and sell Call 42.5 Nov and get 5 cents for each contract that will pay for the commission. I just guess that HD might go below $40 after their earning announcement that will be before Nov. option expiry date.