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 12, 2009
IOC
IOC (49) Interoil Corp, I like the 12/50 (B) and the 12/55 (S) call spread at 1.50 or less. Symetrical continuation triangle pattern, macd rising, stochastics cross. Target is 55.
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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