posted
Here's an option I had on my screener (didn't own though ). Its a May AQNT 35 call. It was pretty much done-for until yesterday when the stock made a decent move up to put it back in the money. The option moved about 800% that day. The stock closed in the money at $35.87 and the option closed at .90 (up from .10).
Well, it looks like Microsoft is buying these guys for $60+ a share. The stock is going to open up in the $63's today. This is the last day for this option, but its going to open over $28 in the money!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Holy Smoly....those are the ones we wish we owned...just like Amazon and Crox before their fins came out. I'm thinking we need to start a thread for weekly "what's coming" stuff so we can note the big stocks with news, etc. coming that week and review charts, etc.
Thoughts?
-------------------- 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 not new here, but decided to eliminate all but one penny play and try my hand at options. The information I've read on this board has been nothing short of awesome so thanks to all.
I did find one option that might interest everyone here - ALGN. After reading the Motley boards and looking at the gallery view, I think a put might be in order here. JMO as I'm still learning how options work.
Best to all.
Posts: 199 | From: Tennessee | Registered: Apr 2006
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posted
Well, I got my re-awake up call for keeping to my stop-loss setups. My May Q puts expired worthless .
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Here ye Here ye - I have officially lost a chunk of change on the QQQQs. I'm giving up and salvaging what is barely left.
Learned a lot though, and my Q calls for October are looking very nice. Original predictions on CROX and AMD would have been very nice also....
I'm starting a new thread for picks and charts....will try to keep the chatter to this thread when we are bored, and that one for DD and straight info. Anyone else game?
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Sounds fine to me. I too have lost a chunk, but I've got some Sept puts that I'm confident in.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
If the Q's keep drifting sideways, no option is a good investment. Options rely on the underlying stock to move. If the underlying stock doesn't move, you loose your time value and don't gain any intrinsic value.
Now, if you mean (and you probably do) that if the Q's keeping drifting sideways, they will at some time finally correct to the bottom side...then I agree totally.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Naturally, I finally think they will keep going as they prove to have done the last few weeks. I sell at the complete bottom - would have had at least 50% more over yesterday had I waited one more day
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Hard to bet against the weekly chart. There have been quite a few head fakes though, but I think it's got to go down!
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
I kept thinking so too, but then it just kept going up....at what I sold them for, I really should have just held and let them expire if it didn't go back up.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
That's a pretty tough decision there. That's why I have to keep my stop losses in the future. I don't want to be in the position of just holding a contract because its not worth anything to sell it.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Yes - I never should have let them go so far either....just kept feeling that it was going to turn down. At least if it does, I can take comfort that I was right. Very nice plays though...if you bought yesterday toward the high, you would be up 200% right now.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
Pretty dead in here. I guess nothing is going our way right now. Chart, you around?
The weekly on the Q's still looks good for a drop. Checking it out and watching how it usually goes, I guess I jumped the gun buying the puts when I did. I should have waited for the stoch to settle out in the upper section and maybe for the RSI to drop, but there's always a fine line with that.
I'm guessing my June puts are done for, but I still have faith in my Sept. puts.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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posted
Yeah - I was watching for someone to post other than myself...was afraid I would start answering. The cubes definately did NOT go my way, but my other picks have done well....CROX, AMD, and now Q...made a good 50% or so there, and I am LOVING the 12.50 calls on that one for October. Been picking up 10% or so daily, and at .20 right now, affordable.
-------------------- Study before you buy, Sell before you think about it.... Posts: 3903 | From: Gulf Coast | Registered: Jun 2006
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posted
I have done OK with short term calls on the cubes. I am holding 49 June calls right now and they have doubled since yesterday. I don't plan on keeping them very long...
-------------------- drysider
My advice is worth exactly what you paid me for it.... Posts: 30 | From: Liberty Lake WA | Registered: Apr 2007
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quote:Originally posted by Linux2: Sometimes you need a little luck - I could use a few more days like this:
5/31/2007 Sell To Close 50 .UKOFU DNDN JUN 7.5 Call $2.100 $75.00 $10,424.83
GLTA
Yeah, I think we all could use a few like that....out of curiousity, what did you originally purchase those for? You probably could have sold them back when it was in the 18s for a stack more too....
-------------------- 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 Linux2: Sometimes you need a little luck - I could use a few more days like this:
5/31/2007 Sell To Close 50 .UKOFU DNDN JUN 7.5 Call $2.100 $75.00 $10,424.83
GLTA
Yeah, I think we all could use a few like that....out of curiousity, what did you originally purchase those for? You probably could have sold them back when it was in the 18s for a stack more too....
Sherri, that would have really been nice had I played that. The June call was purchased on May 23 so I would have missed out on the huge run. I had some shares of DNDN that I sold during the run but wasn't playing options then...RATS!
Long story short.. Useing the "Super Macd" (I showed how to build that in a longer post a page or two back)...
Might be time for a CALL option. Remember we were watching and studing the movement of the QQQQ's and noticed that because over time the cubes will always go up (thx to IRA and 401k's) CALL options were the safest, they bounced better on selloffs and were more predictable then PUTS.
That said.
Pull up a 20 day 60 min chart and a "Super Macd" indicator. Notice it is negative and at about 30%, not yet 20% but getting there. Stochastic lines are now below the centerline, another good sign to start watching.
Now make it a 30 min chart, support right around the $46.50 area, bounced off of that twice now and forming 3 higher highs since last Friday. Stochastic not at 20% yet, so we didn't miss a buy in...
Now make it a 15 min. chart. Here we are well below the Stochastic 20% line, TIME TO WATCH! At the end of Monday going into Tuesday there was a "head fake" I'm fully expecting one here because the 30 min. chart's Stochastic level isn't at 20% yet. <--This helps weed out head fakes.
What to watch for IMO.
In a 10 day 10 min. chart you will see the Stochastic go positive first obviously over the longer time frames, this should be the head fake. Then watch the 15 min. chart and NOTE what happened Tuesday! Wait for the cross positive. In the 30 minute chart we should see the 20% hit with Stochastic. This is where the battle is!
The ONLY thing I can see that is a drawback in this set up is in the WEEKLY chart we have crossed negative, and the rule is "The trend is your friend." So this will be a SHORT TERM PLAY. http://stockcharts.com/charts/gallery.html?QQQQ
So there you have the pro's and con's... If it wasn't for the weekly chart being negative this would be the perfect set up IMO.
Just watch things turn positive in the 10 minute chart into the 15 minute and when we see the 30 going positive and the 60 min at 20% stochastic, squeeze the trigger IMO ~
posted
Dude, where ya been? I hope all is well with you and your family.
I'm still playing the weekly chart, but I bought my puts way too early. Looking back, it looks like the stock has continued to hold after the stoch has crossed at the top. The real signal of a drop has been the RSI falling. I thought we finally had that a few days ago, but it jumped back up. I'm still confident we'll get a drop on the Q's, but my play has become quite long term now and I'm losing time value.
Posts: 1028 | From: Georgia | Registered: Jul 2005
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And yes everything is looking to pullback, what to watch is that old (about) $47.60 level high, it will test that and either bounce down or past it..
If it pushes past, get ready for a quick retest of that area on a pullback, if it does get past that area it may finally reset. The CMF indicator shows investors sitting on the fence. http://stockcharts.com/charts/gallery.html?QQQQ
Hope some peeps made some green on this play
I'm still busy but will pop in from time to time when I see a good play
In case I'm not back...
"Happy Fathers day" to all you dad's out there. Rising and keeping a family together now-a-days is a hard job. Hat's off to you!
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). Its a May AQNT 35 call. It was pretty much done-for until yesterday when the stock made a decent move up to put it back in the money. The option moved about 800% that day. The stock closed in the money at $35.87 and the option closed at .90 (up from .10).![[Mad]](mad.gif)
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