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.
Tuesday, September 29, 2009
QCOM
QCOM - Looking to buy the 11/46 Call for 1.95 or less. Now trading at 2.20 x 2.22. Futures up so may not get in right away but later today. In a tight trading range so may not move down too much.
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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