Zach06, I'm in with a bunch of options today, holding for a
further move. I see RSI(3) on Daily has a ways to go sitting at 56
right now, looking for 70 to 85. Seems you got a good move there
though, congrats!
That's Curious: Tight BBands and then an Iron Condor (= siamese
condor?). interesting. Using %B ?
The trade I'm in is a simple stock substitution swing trade,
triggered when yesterday's downtrend line was broken and the bottom
held near the close. RSI(3) was below 10 too.
Long in the money calls and and long ITM puts.. 2 point
spread works fine... with as little time premium as possible.
when the market moves... sell the long position in the
opposite direction (that will be your losing trade)
Keep the other position and enjoy the ride... The most
you can lose is your time premium...If the market doesn't move.
SPY too. Weekly options work nice too..
cause you don't have a lot of time premium in them.. your just
looking for a move in either direction (hense a good trade
when the bolinger bands tighten)
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Zach06, I'm in with a
QQQ poised to pop? I'm looking at the Q's and ...
Posted by klatuu on 14th of Jun 2011 at 01:56 pm
Zach06, I'm in with a bunch of options today, holding for a further move. I see RSI(3) on Daily has a ways to go sitting at 56 right now, looking for 70 to 85. Seems you got a good move there though, congrats!
Klatuu
got you.
Posted by zach06 on 14th of Jun 2011 at 01:58 pm
did you ever try a simese condor when the bolinger bans are pinching?
That's Curious: Tight BBands and
Posted by klatuu on 14th of Jun 2011 at 02:14 pm
That's Curious: Tight BBands and then an Iron Condor (= siamese condor?). interesting. Using %B ?
The trade I'm in is a simple stock substitution swing trade, triggered when yesterday's downtrend line was broken and the bottom held near the close. RSI(3) was below 10 too.
Klatuu
yep..
Posted by zach06 on 14th of Jun 2011 at 02:17 pm
Long in the money calls and and long ITM puts.. 2 point spread works fine... with as little time premium as possible. when the market moves... sell the long position in the opposite direction (that will be your losing trade) Keep the other position and enjoy the ride... The most you can lose is your time premium...If the market doesn't move.
BTW.. that works good on the
Posted by zach06 on 14th of Jun 2011 at 02:22 pm
SPY too. Weekly options work nice too.. cause you don't have a lot of time premium in them.. your just looking for a move in either direction (hense a good trade when the bolinger bands tighten)