posted
One problem for longer term ops is it ties up your margin$ for unspecified period. My ops are mostly month-to-month, unless it was a overhang from previous month. Some were even made on last day, or last 2 days. It has been quite good. That's just me - adapt it according to your experience and how you think.
Posts: 130 | Registered: Jul 2005
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posted
So what are we thinking about the QQQQs....I have to admit I am disappointed. Lowest I have seen these things, but I am still hanging on for a good dip.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
The daily chart still looks topped out (on the full stoch), but it could easily hang there for awhile. The chart still looks like a decent uptrend, but it looks like we're right up at a resistance level from late Feb's top.
Hopefully will dip down here soon.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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Looks like some peeps are making money Ride that Hog! LOL ~
I'm waiting to place my next bet myself, I keep coming back to those extreme buys on a weekly chart, they are easy, not "fast" yet fast enough and pay off big. I'll be snagging another PUT on the cubes as soon as we go Stochastic negative again, looks like one more week IMO ~ http://stockcharts.com/h-sc/ui?s=QQQQ&p=W&yr=3&mn=0&dy=0&id=p40932912163
Still have a Put to close out, around June/July the Stochastic popped out of oversold 3 times before going up, all those CALLS paid off so my June $43 PUT should pop to ~ All where bought in that extreme areas of Stochastic on the weekly charts.
Jlo, I like those daily flippers with daily and intraday charts but my lifestyle just won't let me watch a computer that close. But some day!
QQQQ daily: Stochastic RED line seems to be pointing down finally and the Money Flow index is "hot" -and it does NOT like to be hot... So everything still topping off and looking downward IMO ~
I think it's safe to say we should see our top sometime this week with the cubes finally...
posted
From above: QQQQ daily: Stochastic RED line seems to be pointing down finally and the Money Flow index is "hot" -and it does NOT like to be hot... So everything still topping off and looking downward IMO ~
posted
Short term stuff....once I get my big stock plays done right now (i.e. the ones I have to watch like a hawk), I am going to take a couple of days and strictly watch the streaming options. Will let you know what I see.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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quote:Originally posted by drysider: The RSI is just getting into the green, which is a pretty good indicator that the QQQ is approaching over bought. When do you buy the Calls?
drysider
Liberty Lake - haven't seen that name in a while
Basically you buy the calls at the opposite end of the spectrum...when the Stochastic/RSI/etc are on the bottom.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
I'm about done with my puts. I can't believe how much they have dropped. Oh well...at least its almost really time to buy puts .
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
LOL - look at it this way, they have almost nowhere to go but up....we have two months to go too....no way in Hades I am selling now - should do fine, we just might have to suck it up a couple more days until it REALLY tops out. I tell you, I almost want to buy more - average down and make a killing....too many things are against it continuing to go up, but that is all strictly IMHO.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Looks like another gap up this morning. I'll be watching some near term in the money puts to see how they do when the gap closes.
Come on top!!! Man this is killing me. Oh well...don't forget, options are risky and not for everyone.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
I truly think we are going to be fine....I just don't see this continuing to go up in the current economic climate combined with that redlined chart...
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
How did those near term ones look? The chart still isn't quite topping out, but at least the RSI is getting super hot on the daily. We have to be close...
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Well, the gap didn't quite close, but I think it got close enough.
The option I checked on was the QQQQ May 47 Put. It closed the day before at $1.00 and opened down to around $.90 yesterday morning. It dropped a little bit lower, but I used $.90 as my buy in. When the gap closed, the option was back up to $1.00, so it would have been a 10% gain or so I guess.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Not bad....not bad at all. 10% of 2K is $200 (as if you didn't know). I'll take that on a trade any day - especially if you do that 5 times a week....
Gapped down for a change....maybe that is good sign???
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Yeah, I didn't watch it closely, but I think it closed this morning's gap down as well, but thankfully it hasn't held and now it moves lower. It just needs to pick up some speed for me .
Posts: 1028 | From: Georgia | Registered: Jul 2005
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quote:Originally posted by milliam: Yeah, I didn't watch it closely, but I think it closed this morning's gap down as well, but thankfully it hasn't held and now it moves lower. It just needs to pick up some speed for me .
It closed the gap....or close enough if it didn't...I'm with you on the speed thing. If I can get to at least even, if not profitable, I want to pull out of the ones I have and start flipping....
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
hey board hog had a high this week of 3. closed one day *2.90 but finished the week * 2.3., I was looking at earnings for this week and this interested me, cvc current 32.65, 52wk high 33.00, earnings to be released on thurs. = -.08 30. put for 6/07 = .30, don't put money on this but lets watch what earnings do for the put. the charts show an uptrend but earnings can change that, the stochastic is above 80 so this one should be headed down
Posts: 32 | From: redding ca usa | Registered: Jun 2003
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posted
No doubt it will retest the 45.50 area SherriT, either bust through of make it support.
WEEKLY chart is right on the money, hit 20 on the Stochastic then raced for the 80 overbought line, at the end of the week I'll see where the Stochastic is at, and in the daily the candles sure look like a top has formed.
I went back and did tests on 10 min, 15 min and 60 min charts... Always looking for the "perfect flip." A stock can be "oversold" in a 1 minute chart but not in the ten minute.... hmmmm..... OVERSOLD carries more weight the longer the time frame. It's a true-er oversold on a weekly chart then a daily chart, and true-er on a 60 minute then a 5 min chart, -get it?...
I've talked about penny stocks and timing the weekly MACD crossovers WITH the daily MACD crossovers to give you an added PUNCH. Well I took that idea a step further with comparing the minute charts....
-It Works!
Easiest/laziest way is still going off the weekly chart, but thats slow, but sometimes that's ok
I'll write more later peeps! And I'll be showing off a NEW indicator I made to!!! -at least to those of you who have accounts at Optionsxpress or have the power to superimpose indicators....
posted
It does look like we might finally have a top here. I might have to jump in some more puts just to try and average out my losses. That weekly chart is looking quite good, so I'll be looking at at least 3 month out contracts.
Looking forward to another indicator Chart!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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