Tuesday, December 04, 2007
Playing catch up...
It is redundant to state I am behind, because it is always the case. Kudos to bloggers that keep their blogs updated in ~realtime!
So, what's been going on???
Alert for 12/4/2007--TRAK, a new, small company mentioned some time back. Stock gapped lower a few months back, filled right away, but drifted lower. Alert set for $40, stock closed at $39. I will place a 1/2 position tomorrow morning after going over the fundis and still feeling good. No options available...
Candidate for 11/29/2007--PFG, looking for pullback to $61.25, candidate found at $65.55. Could play the Jun08 55 calls for ~$15.50. More info in my Powerpoint, if I can get it uploaded...
Candidate for 11/30/2007--AIZ, looking for pullback to $58.40, found at $65.43. Could play Jun08 55 calls for $13.80.
Alert for HWAY triggered 11/21/2007 at $52.80. Paper traded the $40 May08 calls for $13.00. Target of 19.50 likely hit, but I have been behind on this trade, not entered it into QuoteTracker and alerts are not set. BAD TRADER.
Crap, my spreadsheet is all wacked, no worries for now...
JASO: Stock hit may alert at $48 on 11/27/2007, and I paper traded the $40 Jun08 calls for 17.20 (huge premium, volatility based!). Target of $25.80 hit a few days later representing a 50% gain. Still have the position, did not paper sell yet, bad trader, but this is the reason for paper trading, working out the kinks...
NOTE--After reading the fantastic work at 1Option, I am going to start using the option ask/offer price rather than the bid/ask average because these options are thinly traded and I cannot expect the market maker to meet me in the middle...
I'll post more later, including the Powerpoints if I can.
Masterjaz out
So, what's been going on???
Candidate for 12/4/2007--NOK, a big name company for a change, but with a big name comes liquid options, LEAPS, and some stability. Looking for a pullback to $35 before buying Jul08 or Jan09 $30 calls (cost ~$10). Using a new system for tracking trades, importing screenshots of relavent info into Powerpoint. I'll see if I can link or embed it soon.
Alert for 12/4/2007--TRAK, a new, small company mentioned some time back. Stock gapped lower a few months back, filled right away, but drifted lower. Alert set for $40, stock closed at $39. I will place a 1/2 position tomorrow morning after going over the fundis and still feeling good. No options available...
Candidate for 11/29/2007--PFG, looking for pullback to $61.25, candidate found at $65.55. Could play the Jun08 55 calls for ~$15.50. More info in my Powerpoint, if I can get it uploaded...
Candidate for 11/30/2007--AIZ, looking for pullback to $58.40, found at $65.43. Could play Jun08 55 calls for $13.80.
Alert for HWAY triggered 11/21/2007 at $52.80. Paper traded the $40 May08 calls for $13.00. Target of 19.50 likely hit, but I have been behind on this trade, not entered it into QuoteTracker and alerts are not set. BAD TRADER.
Crap, my spreadsheet is all wacked, no worries for now...
JASO: Stock hit may alert at $48 on 11/27/2007, and I paper traded the $40 Jun08 calls for 17.20 (huge premium, volatility based!). Target of $25.80 hit a few days later representing a 50% gain. Still have the position, did not paper sell yet, bad trader, but this is the reason for paper trading, working out the kinks...
NOTE--After reading the fantastic work at 1Option, I am going to start using the option ask/offer price rather than the bid/ask average because these options are thinly traded and I cannot expect the market maker to meet me in the middle...
I'll post more later, including the Powerpoints if I can.
Masterjaz out
