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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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To support this great site keep their free status. I will be posting my analysis on QQQQ and SPY daily in the forum at around 9:15EST.
Stay tune.
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Rank: Advanced Member
Groups: Member
Joined: 6/3/2009
Posts: 64
Location: US - TX
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Sounds good. Look forward to see your viewpoint.
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Rank: Administration
Groups: Administration
Joined: 10/23/2008
Posts: 299
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Thanks for supporting us. We appreciate every post by our members.
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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Aug 15:
All indicators down today except one. Minor reversal for the down pairs. Hard to predict today but still need to.
Prediction: Gap down open.
Long QQQQ 38 Put AFTER at least 50% of gap closed.
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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2 trades can be implemented.
Higher risk.
Long QQQQ 40 Call @.13. Target @.19 - 0.20
Lower risk.
Long QQQQ 38 Put @.15. Target @.27-0.30
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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No trade due to flat after huge drop initially.
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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Aug 16:
4 down. 2 up. 1 netural. A mixed signal again after a bearish day.
Prediction: Minor reversal from yesterday. Range bound between +/- 1%
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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Result Aug 18:
Nice and Slow rebound from Aug 17. Never seen negative but up at least 1%.
Hope people following this posting making some money.
Aug 19:
3 Strong down; 3 weak down; and 1 netural. Those indicates a gap down open for QQQQ and SPY.
Prediction: Gap down open on QQQQ and SPY and will continue slide.
Trade Strategy: Wait until at least 50% gap closed before SHORT market.
LONG SEP-09 38 Put. Close by end of day
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Rank: Advanced Member
Groups: Member
Joined: 4/17/2009
Posts: 227
Location: Canada
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what kind of books have you read regarding options
Hope This Helps And Don't Forget To Have A Fantastic Day.
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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Result of Aug 19:
Gap had closed but continue bullish. Incorrect second part of the market.
When I looked at the indicators after the day is over, all indicators went up at around 10:30. Market is getting the momentum at around 11:30. It is an valuable observation.
Aug 20:
4 downs and 3 sideways. downs are not major movement so its a quiet market.
Predicting: No gap open today as indicators are quiet flat. But it still favours downward movement.
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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I own a library located in Chapters.
I read a lot of books regarding strategies and method.
Any good books suggestion?
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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Result of Aug 20:
Prediction were off yesterday. Indicators back up an hour after market open.
Aug 21:
6/7 are up. 1 sideway. Indicators move quite strongly.
Prediction: Gap open and continue up.
Safe: Gap close before entry.
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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Result of Aug 21:
QQQQ and SPY moved as predicted.
1) Gap opened
2) Gap closed
3) Rebound up and stay at high level.
Hope people making some money.
Aug 24:
3 strongs. 1 slight up and 2 netural. Well. market does not have a strong direction. Since 3 strongs should enough to affect the market going up.
Prediction: QQQQ and SPY up slowly today.
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Rank: Advanced Member
Groups: Member
Joined: 8/22/2009
Posts: 143
Location: Amsterdam
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Today I sold the 42 put when I thought QQQQ would go up, and later sell the 39 call when the upward move was coming to an end. You can do this several times a day and have the timedecay working for you. You wil get into trouble if NDX opens 10 % higher or lower the next day, but with an index that doesn't happen too often. Anybody experience with this strategy?
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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Result of Aug 24:
Both go as high as 1% and declined after and flat at close.
Aug 25:
6 ups and 1 netural. Strong indicative direction.
Prediction: Usually for such strong day, both QQQQ and SPY are up.
Safe: Wait gap close at least 50% before entering. The best is gap closed at least 80%.
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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tomb traider wrote:Today I sold the 42 put when I thought QQQQ would go up, and later sell the 39 call when the upward move was coming to an end. You can do this several times a day and have the timedecay working for you. You wil get into trouble if NDX opens 10 % higher or lower the next day, but with an index that doesn't happen too often. Anybody experience with this strategy? Naked put are dangerous.
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Rank: Advanced Member
Groups: Member
Joined: 8/22/2009
Posts: 143
Location: Amsterdam
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That is the reason I use them on an indextracker and not on an individual stock. The options are pretty much in the money, I sort of lock in a profit by selling the other end, if one goes up the other goes down. You could consider it a way to day trade for those with less than 25000. You can of course trade future contracts but that goes to fast for my taste.
You were pretty much right on with your QQQQ call today, well done.
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Rank: Advanced Member
Groups: Member
Joined: 8/15/2009
Posts: 33
Location: Ottawa, Canada
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Thanks.
Result of Aug 25:
Gap open for QQQQ and SPY never closed. No trade should be placed.
Aug 26:
This morning, 6 weak + 1 netural. Quite heavy on the down side.
Prediction: QQQQ and SPY will drop today.
Safe: SHORT market AFTER 1st rebound.
Trade disclousre:
Order: LONG 39-Sept Put for 0.48.
Breakeven: 0.52 (includes roundtrip commission)
Target: 0.62
Good luck
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Rank: Advanced Member
Groups: Member
Joined: 7/18/2009
Posts: 54
Location: taiwan
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sale September C $5 Put.
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