I know a lot of people are totally against indicators and I have no desire in getting into a debate on whether they work or not. That being said, I can tell you that I DO use them and find them extremely useful. On my chart I use Bollinger Bands ...

Support and resistance trading

Do you mean to purchase bullion or coins? I started out buying 100oz bars of silver back in 1980...*sigh*….yes, it was that long ago! Then started trading some futures. I haven't done it in about ten years, but this is what I would recommend ...

Let's Trade Options

Nothing really out there right now for my type trades, so got into this right at the close: DIA Feb15 254 PUT @ $1.33 Should get a little drop after such a large up day today, so this should be good for a few bucks while I'm waiting on a good stock ...

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As a wildcard, back into: BXP Feb15 110 PUT @ $0.40...... Even a small dip should be good for some money. I wouldn't have gotten in if it didn't hit just above the Bid price..... I still think that triple top is going to push it down, regardless of ...

Let's Trade Options

Out of the following: XLNX Feb15 110 PUT @ $1.52 up from $1.48 Not much profit, but does pay commission....glad for that little pop down a few minutes ago!! Flat now, I'll see if anything is worth getting into before the close since we had a big ...

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Out of the following: XLNX Feb15 115 PUY @ $3.90 up from $2.19 Still waiting on it to drop enough to get out of the XLNX Feb15 110 PUT at a profit....

Let's Trade Options

Due to the big spike in XLNX because of news today (news I believe will be short lived), I added to the following: XLNX Feb15 110 PUT at $0.64, which brings my average to $1.48, which gives me good position and a good number of contracts. I also ...

Let's Trade Options

Out of: BXP Feb15 110 PUT @ $1.05 up from $0.80 Again, my order never showed up on any of the option quotes, and was just hit out of nowhere (when Bid was $0.70 and Ask was $1.10) as soon as I submitted it. It has more downside to it coming off that ...

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Once per quarter I look at stocks above $30, optionable, and a minimum 20 day average volume of 500,000 shares and then weed through those. Periodically you get one that may have a few days of big moves that skew the average volume or that the ...

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Out of: NUE Feb15 62 PUT @ $1.67 up from $1.14 Not a killer amount, but bankable profits.

Let's Trade Options

Added to a position: XLNX Feb15 110 PUT @ $1.30 Drops my average to $1.81, which is a good set up for some quick money. Couldn't resist the big spike, so had to do it....

Let's Trade Options

Added to a position: BXP Feb15 110 PUT @ $0.60 Drops my average down to $0.80 , which should be good for some money over the next few days...

Let's Trade Options

Added to a position: NUE Feb15 62 PUT @ $0.93 Drops my average down to $1.14, which should be good for some decent money....

Let's Trade Options

In the following: NUE Feb15 62 PUT @ $1.35 BXP Feb15 130 PUT @ $1.00 Big, stalled spread on this one, but trading between Bid/Ask that's not on the boards. Wasn't like this yesterday, so maybe something's wrong with my Level II feed?....Looking for ...

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Yeah, that's what I am looking at right now. It is a big paradigm shift to plan to hold until expiration!.....But like you said, could be very profitable....

Let's Trade Options

Everything I looked at tonight has a short term downward bias indicated...no extreme oversolds to be found. So I'm gonna throw something predictions out there : Looking at the DJIA, I expect a drop in the next few days to around the 24600 area with ...

Let's Trade Options

My style works for me, but like I said, my New Year's resolution is to learn spread trading. In a perfect world I will find a type of spread that will work using my extreme overbought/oversold data.....I want the spreads to be as high confidence as ...

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Because I buy straight PUTs/CALLS and usually 25-100+ contracts, mine can't be setup like that. I have to be very interactive with the trades.

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No, when I have an open trade, I am usually at my computer or following on my phone, so if I need to close early, I manually close. Like with ZION: I got out at $1.53....I was expecting to be able to get about $1.60+ with the price at the mid-BB ...

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For clarification, I only scale in on those trades I have very high confidence in they will still go my way after moving against me and I can get in a lot cheaper to drop my average cost. It usually works very well. If I scale in more than twice, ...

Let's Trade Options