Vertical Spreads for Aggressive Growth

Discussion in 'Journals' started by Cache Landing, Jan 27, 2006.

  1. Well, I finally got filled on some SPX calls. With any decent drop I will be looking for a good put spread to finish off the IC.
     
    #251     Mar 24, 2006
  2. cnms2

    cnms2

    Interesting, I was looking at DNA to go short ...

    About a month ago somebody posted on another thread about going long on DNA, and after I looked at it I took a small short position on it, that proved profitable.
    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1019346>
    This is why I kept it on my screen. In the mean time DNA had a sharp upswing but now is drifting down.
     
    #252     Mar 24, 2006
  3. Thought I would check out the chart again after your comments. I didn't notice the support at 86 that turned into resistance last month. The quick spike through it caused me to miss it. I based my decision on support at 80-81 and the 20SMA. I'll keep a close eye on it though. Thanks for the heads up. :)
     
    #253     Mar 24, 2006
  4. Today's Action Cont.

    STO 4 SPX APR 1340/1350c @ 1.1
    STO 4 SPX APR 1240/1250p @ .55


    Year to Date P/L

    Account Value: $10,851.50

    YTD Gross P/L: 1,030.00

    YTD Commiss: 178.50

    YTD Net P/L: 851.50

    YTD % P/L: 8.5%
     
    #254     Mar 24, 2006
  5. went long strangle on DNA yesterday ( both APR and MAY) , vols should go higher from here...
     
    #255     Mar 24, 2006
  6. You're probably right.
     
    #256     Mar 24, 2006
  7. cnms2 how do you do those screen shot's so you can post them? That may improve my recordkeeping:p thanks d
     
    #257     Mar 25, 2006
  8. cnms2

    cnms2

    I'm using irfanview, a freeware program from http://www.irfanview.net/ .
     
    #258     Mar 25, 2006
  9. The vols on many stocks are so cheap/stupid cheap now , I opened many long positions for upcoming report season. NFLX at 40 ??? Unreal.
    Good luck , C_L
     
    #259     Mar 25, 2006
  10. #260     Mar 25, 2006