Arthur626 Options Trading.... - Page 37

Thanks... Good to be back like riding I bike I guess.. As far as KO goes I can see it being a 40.00 plus stock after the split.

Agreed I don't understand the thinking behind it however... If your going to buy the stock for X why when it splits do you sell it. Still have the same value.. Unless you just focus on the amount of shares you have of X in your portfolio and decide to trim it down and move some elsewhere.

Ok found a trade I like today for a flip in JPM Jul 35 puts at .24 x 20

I'm just glad to see some familiar people are still here =)

Ok closed jpm puts at .33  Todays profit 129.48... Was hoping for more but a profit is a profit =)

Current account balance - 4,354.08  No open trades....

Quote:

Originally Posted by Arthur626 

Ok closed jpm puts at .33  Todays profit 129.48... Was hoping for more but a profit is a profit =)

 

Current account balance - 4,354.08  No open trades....

  Ok not really in the mood for trading just took a quick scalp on aapl puts today.... Made 251 and some change. Didn't post it here because it was a bit risky but turned out ok  So current balance for my first week back and trading from a 3,000 starting amount is 4,606.01.  Not to bad for a rooky No open trades....

Oh I have to make one more trade tomorrow so can break the dt rule and go to cash on my account... Should be easy to do

 Yeah I saw weakness in it but didn't get the drop I was looking for til the next day.... Not many stocks I would hold overnight these days. But like I said a profit is a profit....

Ok opened 3 call positions this morning all aug expiration - F 9.00 strike x 40 @ .33    GE 20.00 strike x 20 @ .28    BAC 7.00 strike x 13 @ .26

Was looking at these over the weekend and when I saw that we were going to open down this morning scooped these 3 up for what I think is a bargain... Will hold these probably thru this week. IMO as always... Good Luck.

  Ok haven't posted here in a bit most of my trades have just been quick... By time I would have posted would have been to late just scalping here and there not holding overnight still. While the market trend has been up and looks to continue it's hard for me to watch it and not feel like it's wrong. Nothing good happening.. But up we go... shrug. Market is always right though or so they say. So gotta play the trend.

 So doing a little homework on some of the retailers over the weekend that will be reporting earnings this week and put together 3 option trades that look pretty good IMO.

 I was looking at the retailers and I saw they got a bit of bad news end of week last week so I look for them to head lower Monday from Fridays close. News was about a softer than expected back to school sales. Anyways just more noise in the mix. We won't hear numbers from retailers til the beginning of Sept. So all just speculation I'm sure some are doing better than others etc..

 So with all that said I came up with 3 options plays...

First TJX which reports Tuesday before opening. IMO TJX should do well and am looking at buying a call spread. Sept calls 45/47.50 spread for .80 (Note these are from fridays prices)

Second is ANF which reports Wednesday before opening. I think this companies time has came and went. So looking for a Sept put spread. Sept puts 31/28 spread for  around 1.00.

Third GPS who report Thursday After Closing. This company has been talking about some reinvestment lately which I think will cut into their pps. Also I look for this stock to fill the gap from the beginning of the month in the 29.50 - 31.00 dollar range. So looking for a put spread here also 33/30 for .60

So there they are... Comments thoughts?

Oh one last note I know allot of companies are reporting this week in the retail sector these were the 3 I felt pretty sure about...

LOL Disney is my long term hold... Earnings have already been released... I'm a buyer under 50 though =)

 Ok so opened all the above positions today tjx, anf, and gps...

 In TJX calls @1.15 45 sept. Decided not to buy the spread and just buy the 45's. Looking afterhours tonight I see TJX up .90 so hoping that is a good sign for tomorrow mornings earnings...

 In the ANF put spread Sept. 31/28 at 1.07 a little more than I wanted to pay... Report before open on Wednesday.

 In the GPS put spread Sept. 33/30 at .63 They report afterhours on Thursday..

 So just a recap of my research and picks from the weekend and entry prices.