Vertical Spreads for Aggressive Growth

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

  1. Today's Action Cont.

    BTC 6 SPX MAY 1340/1350 @ 0.05

    Year to Date P/L

    Account Value: $12,907.00

    YTD Gross P/L: 3,285.00

    YTD Commiss: 378.00

    YTD Net P/L: 2,907.00

    YTD % P/L: 29.1%
     
    #441     May 16, 2006
  2. Anyone want to throw out an opinion on AAPL?
     
    #442     May 16, 2006
  3. Did you end up getting filled on SOX? Pretty big sell-off in semi-conductors. Unfortunately took my perfectly good MRVL position down with it. I opted not to mess with SOX just yet.
     
    #443     May 16, 2006
  4. yep and taking a beating on it
     
    #444     May 16, 2006
  5. Hatin' It! My order went unfilled the other day and it was a day order. I never submitted another as I was already bullish semis with my MRVL position.

    SOX hasn't reached the gap support yet though.:)
     
    #445     May 16, 2006
  6. if i had a bullish chip order in like you i wouldnt have done it either but i figured i'd play the sector with the index instead. I had a feeling i was rushing into it but oh well. What i hate about it is the liquidity, it will make it harder for me on the way out. Now i remember why i avoided it all these years. The MM that filled me must've loved the edge i gave him :D
     
    #446     May 16, 2006
  7. cnms2

    cnms2

    I'm short AAPL from last Tuesday. Today it rides the $65.8 level. A bounce up would tell me that the intermediate term down trend is not yet decided. A break of this level, and later of the $63 would look really bearish.

    <img src =http://www.elitetrader.com/vb/attachment.php?s=&postid=1073468>
     
    #447     May 16, 2006
  8. cnms2

    cnms2

    Decided to close the AAPL short position. I see a temporary flaw in the short term short trend.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1073597>
     
    #448     May 16, 2006
  9. brad1970

    brad1970

    Test day for AMR. Could close below $26 and both the 30 and 50 Day SMA... Liked it short since $28..
     
    #449     May 16, 2006
  10. cnms2

    cnms2

    This is the chart on which I based my decision to close my AAPL short swing position.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1073609>
     
    #450     May 16, 2006