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.

Thursday, November 5, 2009

GD, SLB

GD (63.85) I like the 12/65 call at 1.85 or less. ema cross, stochastics cross, macd turning up and trend is up and should continue up after this correction.

SLB (64.30) I like the 12/65 (B) and the 12/70 (S) call spread at 1.80 or less. ema cross, stochastics cross, macd turning up and bull flag on 11/3.

Options Trading, Calls, Puts or Spreads

Thursday, November 5, 2009

GD, SLB

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