Here is another new trade I plan to open tomorrow morning. It will be a bull put spread against Amazon (AMZN). The stock shows a great push up at the beginning of a new breakout trend. I believe it will repeat the previous cycle when it broke up from a squeeze. If it repeats the Continue reading →
This week trading was definitely something. It was erratic and crazy. I had some trades which were good, turned bad, ugly, and great again. All in one week! So what happened and what trades I had or could take off the table? Let’s take a review. Freeport-McMoRan Inc. (FCX) – This was a great trade Continue reading →
I once read a story about a trader who was quite successful trading futures – E mini S&P 500 and he was making a lot of money. Later he wanted to start trading different markets and he decided to trade currencies at Forex. Guess what. He almost lost everything. So he got back to trading Continue reading →
This trade against Apple (AAPL) will be my first directional trade buying long calls. In the past I traded this kind of option strategy the wrong way and no wonder that it didn’t work for me so I stopped buying options and instead started selling options. First, let’s take a look on the chart below, Continue reading →
Another bearish trade I see coming was against Cliffs Natural Resources Inc. (CLF). The stock suffered a severe decline in recent months with a few relieves in March 2014 and end of June 2014. Review the chart below: Take a look at point “A” where the stock had the second last relief from a downtrend. Continue reading →
Yesterday, I was thinking that if the weakness in TASR stock continues, I might be further taking advantage of it and offset losses on my put contracts. I decided to buy a put contract against TASR. When looking at the charts it is apparent that the selling took place and will be gaining more strength Continue reading →
Taser Int. (TASR) started trading day with a renewed sell off. It opened at $12.88, briefly raised to $13.02 a share and then continued sharply lower. Within an hour the stock dropped all the way down to $11.97 a share. Weakness I could see on my indicators along with the price action convinced me that Continue reading →
I have a few naked puts against Taser Inc. (TASR) which fell from $20 a share all the way down to $13. I had a few puts at 18 strike and was forced to roll the puts down all the way to 13 strike. Recently, the stock seemed to stop at $13 a share, but Continue reading →
Teva Pharmaceutical Industries Limited (TEVA) recently offers interesting premiums and 60% chance that it will expire OTM. The trade setup is positive too. I decided to take this trade and sell one December contract to collect nice premium. I would love to trade shorter time frame, but with a small account as mine I need Continue reading →
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