I would book them & look for re-entry on another pullback to
a higher low as there is divergence on the daily 5RSI & MAs are
not yet fully lined up bullish.
Some of the action in $TWTR yesterday was a large trade in the
Sep 50 calls which looked like they were being bought - today's
open interest drop confirms that they were being sold. Nice drop on
the open. Glad you booked at least some of those big gains.
The alternative would be to sell half to 2/3 & put stops
under the rest at the point beyond which you don't want to give
back profits. Not a big proponent of stops in options, though.
I would book them &
TWTR Call Options
Posted by a_l_ on 26th of Jun 2014 at 03:03 pm
I would book them & look for re-entry on another pullback to a higher low as there is divergence on the daily 5RSI & MAs are not yet fully lined up bullish.
Some of the action in
Posted by a_l_ on 27th of Jun 2014 at 09:30 am
Some of the action in $TWTR yesterday was a large trade in the Sep 50 calls which looked like they were being bought - today's open interest drop confirms that they were being sold. Nice drop on the open. Glad you booked at least some of those big gains.
Yeah. With the drop this
Posted by zpbsfg on 27th of Jun 2014 at 11:45 am
Yeah. With the drop this morning, I'm really happy that I took the profits on that one!
That's very true. I think
Posted by zpbsfg on 26th of Jun 2014 at 03:11 pm
That's very true. I think I'm going to sell before the close today.
Thanks a_l_
The alternative would be to
Posted by a_l_ on 26th of Jun 2014 at 03:21 pm
The alternative would be to sell half to 2/3 & put stops under the rest at the point beyond which you don't want to give back profits. Not a big proponent of stops in options, though.
Great trade!
Posted by a_l_ on 26th of Jun 2014 at 03:13 pm
Great trade!