Need to wait for June Options

OK I am not finding anything good to recommend for May options right now - either it is too risky or not enough profit to put on a trade. So I will have to wait for Monday to have the June options appear to place a possible trade on the June options.

Right now I am looking at a possible Diagonal Debit Spread. Stay tuned.

No Tags

Joodsky Blog update

I was contacted through email by Jude and we figured out the problem with the commenting. It does not like my Mac so I had to go to my PC to post my comment to her blog.

Here is an excerpt of her email to me…

Daniel - thanks for your email. I just checked the blog, and comments are
turned on. (I was able to comment on the TK blog while logged-out and on my
own blog while logged-in.) Maybe a technical glitch? I also tried to
copy-and-paste your email in as a comment, but the system only allows
comments of less than 1000 characters.

It’s great that I’m hearing from bloggers like yourself, and I’d really like
to include your comment. Would it be possible for you to shorten this email
and post it yourself, now that things seem to be working?

Thanks for the feedback - this little experiment of ‘reviewing’ blogs has
been surprisingly useful as a discipline, just to find out what’s out there
in the blogosphere. I really did enjoy your work, !!! and all.

Best, Jude

THANKS JUDE! Now back to the real stuff - trading Spreads! Update tomorrow on a new trade now that ACL, although close, did survive the expiration.

No Tags

A review of Option Spreads

Well I was reviewed by an independent blogger, an unknown to me. She found my link in one of my forum friends blog. Here is the review link - joodsky’s Blog

I feel she has a lot of constructive criticism that I will use. Let me know in comments what you all think of the review. I have tried to make contact with Jude to give her feedback on the review but I can not seem to write a comment and her email is not available on the blog. So I went to her site www.judestewart.com and tried to email her through that site, and unfortunately the message bounced back stating she has exceeded her mailbox limit. Here is the message I tried to send….

Jude,

Thanks for the review and the links from your blog. I will take what you said and try to improve my blog. I like you am extremely busy so I found it humorous when you stated that my postings were spaced over a week or two apart similar to yours (like the pot calling the kettle black), so TRUE!!!!

I also have to stop using exclamation points!! I just love them though!!!

I like the idea of cataloguing bad trades as a learning experience. A great idea especially since one of my last posts was about a forum acquaintance that I recommended his site only to find out that he has only been posting his positive trades. SO in the future to be completely up front and honest, I will put up a category on losing trades for the learning experience of others. I know I already have one losing trade on the blog floating in there somewhere.

Now a review of your blog -

Just one point, the reason I am emailing you is that I could not post a comment to your blog. Is it just me or are they shut off? If they are shut off I think you are not being a responsible blogger. You should have a dialog with your readers when they want to comment or for people such as myself that you are reviewing to either thank you or defend themselves. You can always delete the obvious spammers. Would you be willing to post this email to your blog?

I would like to thank you, take your review to heart, and take what you said and modify what needs to be modified such as overuse of exclamation points and not posting enough. In the future I will have other spread strategy discussions and I hope unlike your blog says that you will return.

Thanks again for the review I really appreciate it.

Dan Beatty
drdan@creditoptionspreads.com
creditoptionspreads.com

No Tags

Preserving Profits - ACL

Now you can risk the trade and sit for the next day that is left in the option; however there are some signs that suggest a rise in the stock tomorrow and we only have 1.50 to go. We can preserve some profits here by closing out the $110 call which currently is at .15 to .25 which would make our gain a minimum of .50 minus commissions or an 11% gain.

ACL broke 108 on Wednesday and it has tested that level three times in the last two days only to bounce back up. Currently it is bouncing back up. The markets were mixed today but should rise tomorrow off the good earnings reports from tonight, especially GOOG! ACL is reporting earnings in a few days and there usually is a rise in stock price and prior to earnings reports.

Now personally I still do not think the stock is strong enough to break the $110 level or even the $109.50 level that it has tested the last two days, so I will be waiting to close the trade by seeing what the stock does tomorrow. But if you can not sit and watch the markets I would close to preserve profits. The best plan would be to see what the stock opens at tomorrow morning and where it goes in the first 1/2 hour.

No Tags

« Previous Page — Next Page »