Vertical Spreads for Aggressive Growth

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

  1. cnms2

    cnms2

    If you opened this AAPL iron condor now.
    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1076475>
     
    #501     May 18, 2006
  2. ehh i neither said credit, nor that it was an iron condor, it would've been nice if i had turned the vertical into a credit condor but i didnt want to take further directional risk :)
     
    #502     May 18, 2006
  3. Well, I did add to the AAPL position at the close. :eek: I'm expecting the 200SMA to hold, but the market is quite week right now.

    I'll also be seriously looking at some SPX bull puts too. I'm not sure how much further we can drop before another fed mtg.
     
    #503     May 19, 2006
  4. It was just a red herring so I'm safe for now. I will never reveal my real secret sauce! Mwahaahahaaa....

     
    #504     May 19, 2006
  5. Alright, who forgot to tell me that MRVL was going to rally today?
     
    #505     May 19, 2006
  6. Looking like the ER move didn't have enough momentum for HPQ. If it looks like they aren't goingto make it back up past 32 today then I'm looking for a good fill on a bear put vertical.
     
    #506     May 19, 2006
  7. Today's Action

    BTO 3 AAPL JUN 70 c @ 0.65
    BTO 4 HPQ 27.5/30 p @ 0.30

    Year to Date P/L

    Account Value: $12,898.00

    YTD Gross P/L: 3,315.00

    YTD Commiss: 417.00

    YTD Net P/L: 2,898.00

    YTD % P/L: 29.0%

    As I mentioned in a previous post. The AAPL trade was made at the close yesterday. I decided to go ahead with the HPQ trade, because I think it is weak, and I'm way to bullish right now.
     
    #507     May 19, 2006
  8. cnms2

    cnms2

    Does it mean:
    bto HPQ Jun 30 put
    sto HPQ Jun 27.5 put
    for .30 debit?
     
    #508     May 19, 2006
  9. cnms2

    cnms2

    It's 2:40 pm EST: does it look like the market turns negative? Several stocks I'm watching look so: HPQ, BRCM, BA, AAPL, even AMR ...
     
    #509     May 19, 2006
  10. Yep. BTW, good call on the market turning negative.
     
    #510     May 19, 2006