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About Me
- OE Trader
- I am a part-time trader focused mainly on momentum stocks. I use deep-in-the-money options to trade high-priced, high-flying stocks. As options expiration nears each month, I transition to at-the-money or out-of-the-money options to maximize the risk/reward of my trade set-ups.
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5 comments:
OE, We used to use Merrill as "the canary in the coal mine" indicator..meaning, what ever Merrill's stock price did usually preceded market direction to follow (simplifying this of course)...the canary is telling us all is not well. Completed my remaining purchase of C & UBS puts this morning. Also bought XLF Sep 20's (quite a few).
Cool. I went with SKF calls as I don't have a good read on individual financials.
I'm also buying a few more GG calls...glutten I guess. Boy, CALM took off like a rocket in the a.m. and has settled down a bit. Seems to always spike in the a.m. Don't own any.
F'n CALM. It is slowly stair-stepping upwards. Buy and hold was the way to go back at low 40's. I have trouble trading any stock with such low volume and $1-2 intraday price swings. GL with GG. It's a good play if the markets are headed back down. I'd like to see more confirmation with volume or stock trading back above 31.00.
F'n CALM. It is slowly stair-stepping upwards. Buy and hold was the way to go back at low 40's. I have trouble trading any stock with such low volume and $1-2 intraday price swings. GL with GG. It's a good play if the markets are headed back down. I'd like to see more confirmation with volume or stock trading back above 31.00.
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