Monthly Archives: May 2011

Several bullish (put) spreads for the week

Posted on May 31, 2011 by admin

I can’t tell how the market will go in the long term, but it appears the market is calm and bullish for this short week.  Also the major indexes all bounced above their support level, making these support levels even … Continue reading →

Posted in Today's Trade | Leave a comment

YHOO

Posted on May 30, 2011 by admin

YHOO is another interesting stock with a high TV.  It’s now right on SMA200.  The question is whether YHOO has done selling.  It’s ATM weekly call (16) has 1.3% return and its Jun. 18 ATM call has 3% return.  

Posted in Daily Journal | Leave a comment

MCP

Posted on May 30, 2011 by admin

MCP has the highest time value among all the weeklys (2.42% for an ATM strike of 62.5, exp in 4 days).  MCP’s recent fall from high 70s appears to have halted at ~60.  For an ITM strike of 60 (a … Continue reading →

Posted in Daily Journal | Leave a comment

SLW

Posted on May 30, 2011 by admin

SLW is another interesting stock.  SMA200 has been a strong support for the past 2 years.  SLW is above SMA200 (34.05) and has just broke out of the SMA 20 (35.5).  A covered call with a weekly 36 call yields … Continue reading →

Posted in Uncategorized | Leave a comment

A run-up of weeklys sorted by the time values

Posted on May 30, 2011 by admin

The following shows part of a table of CBOE weekly options with calculated time values and other values.  The lower of their position in the table, the higher the time value, i.e., MCP has the highest time value, whereas AIG, … Continue reading →

Posted in Daily Journal | Leave a comment

NVDA

Posted on May 30, 2011 by admin

NVDA is breaking out of the SMA 20 and 50 lines.  It shows a strong support at 17.5-18 range.  A covered-call with an ITM strike of 19 (2.46% ITM) yields 1% return in 4 days 0r June 18 strike 19 … Continue reading →

Posted in Daily Journal | Leave a comment

A few other trading candidates

Posted on May 30, 2011 by admin

A quick look shows the following interesting stocks as possible candidates: MCP, SLW, YHOO, INTC,  NVDA.  We’ll study each of them in more detail.

Posted in Daily Journal | Leave a comment

What to trade next week?

Posted on May 29, 2011 by admin

NFLX is overbought.  NFLX broke out of the 260 resistance.  The one-year chart below shows whenever RSI goes above 70, it has been always followed by a correction.  RSI is now at 71.  I don’t expect NFLX price to continue … Continue reading →

Posted in Daily Journal, Today's Trade | Leave a comment

Market Condition: Neutral to bearish, range bound.

Posted on May 29, 2011 by admin

This week’s Monday Morning Outlook shows a neutral to slightly bullish posture from Schaeffersresearch.com. ChartAdvisor.com: bearish, from a technical point of view.

Posted in Market Condition | 1 Comment

Weekly Summary

Posted on May 28, 2011 by admin

Another interesting week ended with all of our trades being successful. In one of our trading accounts (we’ll call it Account EC, where we have been trading more spreads lately), we have achieved 4.8% gain this week.  Our total return … Continue reading →

Posted in Daily Journal | Leave a comment