My Options Play

I'll put my options play so others can see.
Quite new to options having started trading options just May 2005.
I am long NUS XW (NUS Dec. 2005 $17.50) put,
@ $1.30 per contract. Losing on this one despite all the analysis.
Also, long UGO MC (SGTL Jan. 2006 $15.00) put,
@ $2.00 per contract. Slightly positive at $2.40 bid.
Just exited my swing trade on XTO AH at
$3.70, got in at $2.70 so, got $500.00 on 5 contracts in 2 days. Should have bought the Nov. 2005 $40.00 call, it went up from $0.35 to $1.25 (not quite sure of the exact price but, over $1) then, I would have gotten 200% in 2 days.

 

It will most likely do neither by this friday 18th nov

 

NUS should comtinue down on the 17th making a lower low. SGTL has a good chance of making a higher high tomorrow the 17th

 

The last couple of posts about options plays sound like gambling...

 

well--- you're two for two

:

 

is it possible I made a typo on those two??

 

maybe so --

if I may ask -- what do you look at to make your market prognostications?

 

Did get APA, GM, SBUX, HD right so far.

 

gonna post a suggestion- and give it a B grade for potential profits.

buy PALM Dec05 30c @ .50-60

UPY LF


for some reason we see 7000 traded today- do we really believe that these were all small players buying OR that a large player --sold--- short calls at .65-70 today? Think about it -

prior open interest was 7000 and change.

do you guys also see 7000 volume today - or am I getting erroneous data? ?

stock 'could' be moved lower with expiry pressure-- manana

Ice

 

No I didn't make a typo. I just got them backwards! Should have been the other way around! Just bad calls that is all!

What do I use? Tape reading but not tape reading the way many traders see it.