Actionable Trade-Alert
from Rick in the Trading Room
(Please check all related discussion in the room before you do any trades.)
|
13:09 |
More of you are approved than I had imagined. I will put out some recommendations that assume anyone who follows them knows the risks and how-tos. For starters, short expiring MSFT 360 puts for 0.90, stop 1.01. They are currently at 0.80 and rising. //UPDATE 1:28 Cancel the order, since the stock has breached (my) p2=365.33. // I do not want to weigh myself down with detailed explanations each time I put out a trade. IN this instance, though, and FYI, the pattern I was using is: 30m, A=379.32 on 11/30. I was shorting puts on the prospect of a bounce from p2=365.33. However, the slight breach is sufficient to suggest MSFT’s fall will continue to D=361.22. I will offer no addl instruction, but you can short puts if that target is reached. Time of day should be factored into your decision. If you run the options on a 30-min chart, you’ll see that they would trigger a ‘mechanical’ buy on a drop to x=0.53 (stop 0.39). Do you understand why a print above 0.85 or so would negate that trade? If not, u shouldn’t do it. The short at 0.90 could still work, but, as noted, I don’t want to get into the business of splitting hairs on these naked-short trades. You will need to know what you’re doing, as opposed to blindly following my advice. |
|
|
13:45 |
With just a smattering of Hidden Pivot knowledge, and using some of the system’s simplest tricks, most of you are already equipped to trade options more profitably than the charlatans who purport to offer option advice. (I do not include in that group the Najarians, Charles Cottles or Tom Sosnoff.) |
 |
Virus-free.www.avg.com |