Wednesday, October 03, 2007



Setting Alerts for the following-

CNH above 62
NOV above 75
MA above 155
ISRG above 235
FWLT above 137
CMI above 136.25


you ever think that options are too cruel? trading options was good when i was only trading small amounts and the market was pretty stable but one bad day these days can sink you! i think i will buy stock now and pick up options only when i'm real comfortable and only risk a small %. what do you think?

are you making any moves before the jobs report?

damn CNH!

Hi j.M,
Yep, options can be cruel at times. Yesterday's DRYS trade is hurting me right now.
Do what you feel comfortable with. I moved from buying closer to the money options to deeper in the money options. It's sometimes easier(for me at least) to set stop losses etc. They usually move as the stock moves as well.
Good luck with CNH.
AJ, I used to trade OTM options as you do. However, I left a lot of money on the table due to time decay. I shortened my timeframe to 1-month, deep in-the-money options and spent more time researching strong stocks and most importantly, sat on my hands patiently waiting for good entry points. Do what is best and working for you but you have some good picks and could/should be making much more. Good luck!
Yep, I think I'm leaving some on the table on some of my trades. Will try to figure out what to do with that.
Previously I would let my options trades go all the way to worthless, but after I started buying deeper in the money options, that has stopped. So I'll still be going with that strategy, when I'm comfortable with it, I'll try to fine tune it.
Good luck to you too.
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