Options Trading, Calls, Puts or Spreads

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.

Friday, September 18, 2009

BIIB, FDX

FEDEX: FDX
I am watching the 10/75 put trading at 2.35 x 2.45. The put spread of buy the 10/75 and selling the 10/70 is cheaper trading at 1.30 x 1.50. Would like to buy the put spread at 1.30 or less.

Biogen: BIIB
I am watching the 10/50 put trading at 1.55 x 1.65. Would like to buy at 1.40 or less.

This market reads overbought but keeps going up yet consumer spending is down. Is this irrational exuberance? Are we brushing aside negative news such as Oracle and FDX etc?

Options Trading, Calls, Puts or Spreads

Friday, September 18, 2009

BIIB, FDX

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