Probability and April Put-Spreads

jkgraham · Apr 11, 2011

Oooo, I got a gold star. Nice.

FrankSlaughtery · Apr 12, 2011

Quote from spindr0:

From the ridiculous to the sublime... The 30, 50 and 100 day SMA's, EMA's and weighted MA's are at $470 along with a MACD crossover, a 20% stochastic and an inverted double cup and handle mutliple doji candlestick hogback growler. What''s the probability of breaching the $490 strike?

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I don't appreciate you giving away my PROPRIETARY strategy to the world. Thanks a lot.

spindr0 · Apr 12, 2011

Quote from jkgraham:

I say the probability would be lower in Situation A. But good in both cases.

See MTE's reply on page 1

If you were going to set up a PCLN April Put Spread where would you set the Short strike?

I would place the short leg just below the underlying's closing price on expiration day

I continued to look at the othe PCLN April Put-Spreads and as I moved down when I got to the $470/465 area the return was around 4%. Which was also the return for BLK, AAPL, AMZN, SBUX just under their support levels as well. Humm.

4% returns are available for more than one stock? I gotta look into this!
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spindr0 · Apr 12, 2011

Quote from FrankSlaughtery:

I don't appreciate you giving away my PROPRIETARY strategy to the world. Thanks a lot.
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Rut roh! I'm in violation of the End User Licensing Agreement ??

jkgraham · Apr 12, 2011

spindr0

OK, I get it. Probability and support are two completely different things.

But I think support and resistance are useful. Do you?

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Probability and April Put-Spreads

jkgraham

FrankSlaughtery

spindr0

spindr0

jkgraham