TheRumpledOne
6,411 posts
msg #76891
- Ignore TheRumpledOne |
7/27/2009 1:15:18 PM
There are two daily gaps on the IBM chart.
GAPS usually get filled.
IBM is showing negative divergence with RSI(2).
Buying the 100 puts 2 - 3 months out looks like it could make your year.
Wait for a SHORT SIGNAL before buying the puts.
Do NOT jump the gun.
IBM monthly range is around $10.
TRADE WHAT YOU SEE.
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Eman93
4,750 posts
msg #76961
- Ignore Eman93 |
7/29/2009 8:43:42 PM
Thanks TRO.....remember those EF Hutten spots.....its like that.
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cello13
88 posts
msg #76971
- Ignore cello13 |
7/30/2009 2:47:18 AM
Hi Avery
INTC has almost the same pattern and a negative divergence in RSI(2) too. Another neg. divergence in MACD (2,3,1). Nice gap @ 16.80 to close :-)
As a safer strategy I would use a $18 put 2 or 3 months away. It needs a short signal as well as in IBM.
GLTA
Cello13
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Eman93
4,750 posts
msg #82220
- Ignore Eman93 |
11/1/2009 12:02:09 PM
Pop
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Kevin_in_GA
4,599 posts
msg #82223
- Ignore Kevin_in_GA |
11/1/2009 12:24:14 PM
"Buying the 100 puts 2 - 3 months out looks like it could make your year. "
IBM closed on 7/27/09 at 117.63. Never went any lower than 115.15 since. Currently at 120.61.
"INTC has almost the same pattern and a negative divergence in RSI(2) too. Another neg. divergence in MACD (2,3,1). Nice gap @ 16.80 to close :-)
As a safer strategy I would use a $18 put 2 or 3 months away. It needs a short signal as well as in IBM. "
INTC closed on 7/30/09 at 19.25. Never went any lower than 18.41 since. Currently at 19.11.
I'm hoping that SHORT SIGNAL never came.
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tmanbone
124 posts
msg #82226
- Ignore tmanbone |
11/1/2009 1:17:57 PM
buy 10 IBM Jan 09 100 put @ .90, max profit 99,100 if it goes to 0, max loss = cost of trade 900 + com.
buy 10 INTC Jan 09 17.5 put @ .66, max profit 16,480 if it goes to 0, max loss = cost of trade 660 + com
Should be interesting.
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Eman93
4,750 posts
msg #87829
- Ignore Eman93 |
2/4/2010 6:34:14 PM
Did you get the Feb puts?
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