IT Buy signal on my cumulative Tick. The site is slow. I was trying to post it for a while. Buying around 1383 -- 1385 on SPX. As usual these are protective options strategies.
Denleo
Adding to longs
Started by
denleo
, Jan 15 2008 03:34 PM
10 replies to this topic
#2
IndexTrader
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Posted 15 January 2008 - 04:02 PM
What's a "protective option strategy"?
IT
#3
redfoliage2
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Posted 15 January 2008 - 04:03 PM
but if SPX cash drops below 1378, we could see another 5% down easily. The risk is huge here.IT Buy signal on my cumulative Tick. The site is slow. I was trying to post it for a while. Buying around 1383 -- 1385 on SPX. As usual these are protective options strategies.
Denleo
Edited by redfoliage2, 15 January 2008 - 04:03 PM.
#4
tommyt
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Posted 15 January 2008 - 04:07 PM
I took a whacking today in the names I have been posting, but looking to refresh in the target zone of 12,000-12,300...maybe one nice gap.
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=1&mn=0&dy=0&i=0&r=3700.png
http://stockcharts.com/c-sc/sc?s=$INDU&p=D&yr=1&mn=0&dy=0&i=0&r=3700.png
#5
denleo
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Posted 15 January 2008 - 04:10 PM
Redfoliage2, They are protective options strategies, so the risk is always the same to me.
IndexTrader, Diagonal ratio spreads with innitial delta of about 50 and long gamma.
Denleo
#6
ogm
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Posted 15 January 2008 - 04:11 PM
I just wouldn't count on INTC to help the market.
Just based on how IBM news played out. And how INTC stock was acting.
Or the whole market for that matter.
#7
denleo
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Posted 15 January 2008 - 04:14 PM
I just wouldn't count on INTC to help the market.
Just based on how IBM news played out. And how INTC stock was acting.
Or the whole market for that matter.
I am not buying INTC. I don't even like INTC. What does it have to do with the market? I don't like CitiGroup either, and don't care about 99% of individual stocks out there.
Denleo
#8
pdx5
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I want return OF my money more than return ON my money
Posted 15 January 2008 - 04:15 PM
What's a "protective option strategy"?
IT
Something to protect you from excessive profits?
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule
#9
KnowNuttin2
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Posted 15 January 2008 - 04:54 PM
Redfoliage2, They are protective options strategies, so the risk is always the same to me.
IndexTrader, Diagonal ratio spreads with innitial delta of about 50 and long gamma.
Denleo
Sounds GREEK to me....
#10
SemiBizz
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Posted 15 January 2008 - 07:11 PM
Unless the Feds step in here or the Treasury Dept comes up with a magic bullet for the mortgages overnight... the SOXX is going to open under that 350 I pointed out, the bull market low. I have been studying that chart closely and I don't think we're going to have much of a bounce for another 10% down at the 315 level. I'm still targeting 1/22 for the low. I can give you lots of reasons why, but let's just say for now that it's a Gann Turn, something you better pay attention to. So better prices are coming, don't shoot your wad too early. 
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
