Vertical Spreads for Aggressive Growth

By the look of todays action, you could be right. This is why I kept the size of this position small and stuck with the 50 strike. I have a stop in mind, so we'll see what happens during the next couple days.

 

HPQ looks almost ready to resume uptrend. I see the setup, and I'm watching for an entry signal in the next 1-2 days.

 

I like the setup, but it is too risky right now. I'm gonna wait with you for the right timing to open a position. Either a break above 34 or below 32.

I've also got my eye on AAPL, AMD, and CHK.

Also looking to add more SPX spreads within the next couple days.

 

Been trying to open some SPX call spreads this morning but I couldn't get filled. I might end up having to leg in if I want to get a good credit.

 

What $SPX spread do you want to open?

 

I was trying for some additional 1340/1350 calls, but I couldn't get filled before the drop today. We'll see where we're at tomorrow, maybe I'll open the put side.

 

I understand now: OTM bear spread, probably May, currently at .6 / 1.15.

 

Yep, but that credit isn't good enough.

 

I think HPQ is ready to take off.

 

Mind if I ask what you are using as an entry signal?