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Here are some Long Ideas (primarily Energy Related) since most other sectors are acting poor.
Please note that the gov't will report Oil inventory data today which COULD impact Energy Stocks.
Look for stocks breaking out on increased volume percentage.
APA, 142.35 APC, 81.3 BGP, 7.35 TGC, 1.51 XTO, 70.65 PXP, 78 NBL, 104.25
Friday is expiration. What is the expiration effect? From those who have been trading, has the past shown, the breakouts will run up till expiration, then dip?
Yes, option traders will attempt to move some option able stocks towards strike prices. But I'm not sure I understand your question.
First thanks for a fast reply! :' )
As an IRA trader, who buys today then has to hold till Monday (3 days for funds to clear) before selling,
my question:
is the breakout's run ups due to expiration, which a big chance they will dip after Friday?
10:30 EST for oil inventory, right?
right
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Some Trade Ideas
Posted by dodgerdog on 18th of Jun 2008 at 08:26 am
Here are some Long Ideas (primarily Energy Related) since most other sectors are acting poor.
Please note that the gov't will report Oil inventory data today which COULD impact Energy Stocks.
Look for stocks breaking out on increased volume percentage.
APA, 142.35
APC, 81.3
BGP, 7.35
TGC, 1.51
XTO, 70.65
PXP, 78
NBL, 104.25
? Friday's expiration day ?
Posted by ameritrader on 18th of Jun 2008 at 10:37 am
Friday is expiration. What is the expiration effect? From those who have been trading, has the past shown, the breakouts will run up till expiration, then dip?
Expiration
Posted by dodgerdog on 18th of Jun 2008 at 10:39 am
Yes, option traders will attempt to move some option able stocks towards strike prices. But I'm not sure I understand your question.
Expiration
Posted by ameritrader on 18th of Jun 2008 at 10:47 am
First thanks for a fast reply! :' )
As an IRA trader, who buys today then has to hold till Monday (3 days for funds to clear) before selling,
my question:
is the breakout's run ups due to expiration, which a big chance they will dip after Friday?
10:30 EST for oil inventory,
Posted by hellocsz on 18th of Jun 2008 at 09:19 am
10:30 EST for oil inventory, right?
right
Posted by Michael on 18th of Jun 2008 at 09:20 am
right