mystiq
650 posts
msg #67128
- Ignore mystiq |
9/10/2008 5:12:53 AM
4 option trading- basically find stocks with either UP or DOWN movements pending - then find the ones with decent volume- then that are optionable- then that have HIGH HIST VOLATILITY (>70)- then that have LOW IMPLIED VOLATILITY- then purchase option(PUT/CALL) that the STRIKE price is within reach within your specified time period. Happy trading....working to build filter to find bottom/top optionable stocks for simple LONGS & SHORTS.
will post filter when the bugs are out.... ;-]
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FuriousThug
256 posts
msg #67135
- Ignore FuriousThug |
9/10/2008 9:10:30 AM
Yes.
BIDU has been a cash cow with those criteria...and, additionally, it's behaved fairly orderly (had a downward breakout from a symmetrical triangle a week ago). Daily swings trading a single call or put contract can yield more than $1k if you buy at the right moment intraday (I've had luck with the 9:50am reversal period).
Higher priced stocks (in general) that move are a bit easier to work with (I've found) but option premium is considerable higher. However, you can also make a bundle on the schizophrenia that is the market today on the LEHs and MBIs...you just need to purchase more contracts as premiums are pretty low (from a swing trading perspective--just my observation)...spreads are really tight too.
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FuriousThug
256 posts
msg #67138
- Ignore FuriousThug |
9/10/2008 10:02:34 AM
Incidentally, Mystiq...where do you look for signals? BB squeezes? RC touches?
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mystiq
650 posts
msg #67157
- Ignore mystiq |
9/11/2008 3:22:41 AM
FT-
i use RIGGS/TRO/13th? posted bottom filters for signals and reverse them for PUTS..
but the best indicator is your eyes...projection oscillator/ and any leading reversal indicators you are comfortable with.
will post bottom filter when bugs are extracted....
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