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Bought some puts


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#1 NAV

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Posted 05 April 2007 - 10:39 AM

OIH May 150 puts for 5.3 (right here at OIH 149.82).

"It's not the knowing that is difficult, but the doing"

 

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#2 NAV

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Posted 05 April 2007 - 11:37 AM

OIH May 150 puts for 5.3 (right here at OIH 149.82).


OIH -> Weekly overbought, Price approaching weekly resistance, Daily momentum diverging badly = Short trade with 80% odds. The rest 20% is part of trading risk.

"It's not the knowing that is difficult, but the doing"

 

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#3 Shazzam

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Posted 05 April 2007 - 12:05 PM

OIH May 150 puts for 5.3 (right here at OIH 149.82).

could u provide a chart - thx

I agree with your views as the 150 level in oih is big and i have seen very little volume in the entire rally off the lows.

#4 NAV

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Posted 05 April 2007 - 12:15 PM

OIH May 150 puts for 5.3 (right here at OIH 149.82).

could u provide a chart - thx


I will. After the market close.

"It's not the knowing that is difficult, but the doing"

 

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#5 vitaminm

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Posted 05 April 2007 - 12:41 PM

OIHQJ

http://bigcharts.mar...r...p;x=34&y=11

DCR

http://bigcharts.mar...r...p;x=33&y=14

DUG

http://bigcharts.mar...r...p;x=25&y=13
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#6 NAV

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Posted 05 April 2007 - 12:56 PM

OIHQJ

http://bigcharts.mar...r...p;x=34&y=11


Are you implying my puts will go worthless like that ? :cry: :blink:

Edited by NAV, 05 April 2007 - 12:57 PM.

"It's not the knowing that is difficult, but the doing"

 

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#7 vitaminm

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Posted 05 April 2007 - 01:06 PM

OIHQJ

http://bigcharts.mar...r...p;x=34&y=11


Are you implying my puts will go worthless like that ? :cry: :blink:



puts near term target 7-8 if resistance is not taken out.

http://finance.yahoo...IH&t=...0&a=&c=
vitaminm