Yes-- I do believe that is exactly where we are heading --- unless I'm the sucker at the VLO table. Only problem is "they" are not moving the OTM options much which is a barometer to some extent of future direction into expiry. well the illusion (i.e. my prediction) of $100 on Monday has now become reality --
VLO has pretty confusing charts, at least to me. Your call was really good today. What position do you have? When the stock goes up, especially on low volume, the implied volatility decreases, so OTM calls that are pure premium and low delta don't go up much until close to ATM.
I salute you iceman! Good call on VLO iceman! Wouldn't be nice if that could be done everytime! Looks like it turned from NE to due north and full steam ahead! Filled the ole gap and then said goodbye i'm heading north.
So has Multioption given up on this thread? Haven't heard from in a few days, maybe he could give us some ideas why his trades went from OK to #^%$. Was it TA breakdown? Psychological? Combination of both? APA was a classic case not sticking with the exit plan, and then digging a deeper hole by selling calls. The trades were made without thinking, VERY FOOLISH and NOT PROFESSIONAL
u_guest, what's your problem with multi? Why do you like to antagonize people? I can't understand those who enjoy somebody's bad luck or mistake, when they have no personal interest in it ...
So has Multioption given up on this thread? Haven't heard from in a few days, maybe he could give us some ideas why his trades went from OK to #^%$. Was it TA breakdown? Psychological? Combination of both? APA was a classic case not sticking with the exit plan, and then digging a deeper hole by selling calls. The trades were made without thinking, VERY FOOLISH and NOT PROFESSIONAL Uninvited_guest: This response is not for you because I see you use strong language on your post that does not help or does not give any info. This is mainly for those who might read your post and wonder what is happening. You could have disagreed with Multi and everyone could have listened to you if you could have just used different tone but definitely you can not do that. Facts are: 1- Multi has not forced anyone to follow his trades. I see everyone is listening to him but everyone is doing his own trades that is very good. 2- Multi has an ambitious goal and definitely he is taking risky trades and losing money in some trades is acceptable. I really wish him success but even if he fails , I will not change my attitude toward him. 3- My portfolio has been up 13.9% in November by the lousy trades that I do. Why don't you post your wise trades so we can also learn. If you are a CD type of investor, maybe this tread is not for you. I have got big gains after I have lost but have not given up. FYI: Iceman responded to one of my posts about a year ago about an option question that I had. He told me it seems that I don't know what is the difference between assign and exercise. I responded back to him that I knew that and it was my mistake of not using the right word and then he came back to me and asked me to let him know if I have any good trades or strategies . That is the good attitude that an investor should have. Always ready to learn more.
I think tomm 15 nov. it might go a little higher than todays high (nov 14) then head back down and close in middle or low.
Uninvited_guest, What's your problem? You seem to be possessed by some forces beyond your control! The fund is mine, not yours! So what's your problem? I could give you 50K if you need fund to trade; how about that?
Just sold BBY Nov 45 Put. Trippled my initial investment. uninvited guest, do u still believe Multi's TA Trading approach is wrong? Wandering Newbie