Discussion of short term trades in options. Options can be calls, puts or spreads & are usually held 1 to 30 days. Close positions when they turn profitable. Trades are identified using technical analysis to determine entry points, some fundamental analysis and current news. Proceeds discussed are gross proceeds. Proceeds = gain per share x 100 shares x # of contracts. There may not be a trade every day, the setup has to there or it is better to wait for another day.
Monday, September 14, 2009
BHI
Baker Hughes
I'm watching BHI. Technicals look good for a pop. I can't find any recent bad news. Futures are down so call prices should drop. I like the 10/37 call trading at $2.10 x $2.20. Might enter at $1.90 or less.
I have been trading options since 1982. Besides having an MBA in finance, BS in marketing/economics, I have a career background in banking and real estate. I have well over 30 years' worth of experience in evaluating investments. Visit my website, www.sweetdreamstradingcompany.com for a free trial
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