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 8, 2009
AAPL, FDX
Watching AAPL 10/175 call @$5.45 x $5.50. The 10/170 - 175 call spread looks better @$2.25 x $2.35. May try to buy the 170 and sell the 175 for $2.00 or less.
Watching FDX 10/75 call at $1.80 x$1.90. May try to buy for $1.65 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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