01-12-2006, 01:35 PM
just entered option spread. In SA room: RF 14, RRR 1.7, RI 0 Confirmed in TB SC room RF 15, M @ 3/4. Bot feb @ 95, sold feb @ 100, net debit $2.40
01-12-2006, 01:35 PM
01-12-2006, 02:03 PM
cjr
for the sake and profit of the bb, it would be nice having the spread strategy detailed and the charts ; again it would spread knowledge around the bb .
It seems you are focused -and skilled- on speculative and not hedging options trade, so would be very pleasent + instructive for many reading you.
for the sake and profit of the bb, it would be nice having the spread strategy detailed and the charts ; again it would spread knowledge around the bb .
It seems you are focused -and skilled- on speculative and not hedging options trade, so would be very pleasent + instructive for many reading you.
01-12-2006, 02:34 PM
FJF:
For DT, selection is standard RF criteria, with 1 minor exception. Normally would only enter with stars as confirming with 4+. With current available trades few, I will consider a couple of marginal situations. While I have GET, I did not generate charts, just relied on DT. This is a marginal situation for DT selection, but option strategy remains the same.
Normally, I just buy calls/puts <$3.50 with duration of at least 3weeks & < 2 months ( I primarily do trades in SA -SD rooms) to keep premium low. For trades with debit >$3.50 will consider spreads as way to keep cost low. Most on-line brokers will permit entry as 1 net trade. To further limit costs, I focus on ATM trades. For further option strategy, see my trade profile posted on DT.
With size of trade and my track record (see some of my other posts), I don't need hedge. Risk is small & acceptable.and I rely on stop-loss to limit loss.
Hope this helps, Jon
For DT, selection is standard RF criteria, with 1 minor exception. Normally would only enter with stars as confirming with 4+. With current available trades few, I will consider a couple of marginal situations. While I have GET, I did not generate charts, just relied on DT. This is a marginal situation for DT selection, but option strategy remains the same.
Normally, I just buy calls/puts <$3.50 with duration of at least 3weeks & < 2 months ( I primarily do trades in SA -SD rooms) to keep premium low. For trades with debit >$3.50 will consider spreads as way to keep cost low. Most on-line brokers will permit entry as 1 net trade. To further limit costs, I focus on ATM trades. For further option strategy, see my trade profile posted on DT.
With size of trade and my track record (see some of my other posts), I don't need hedge. Risk is small & acceptable.and I rely on stop-loss to limit loss.
Hope this helps, Jon