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Author Topic: My Stock Market Trades - Week of Sep 6, 2011  (Read 1645 times)
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tamo42
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« on: 2011 Sep 07, 12:24:41 pm »

I sold a few $135 puts on BIDU today. I think they went for $0.37 per contract and a 2.8% return on margin required if they expire worthless. The contracts expire Friday.
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Neal McSpadden
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arksight
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« Reply #1 on: 2011 Sep 07, 09:00:18 pm »

Smiley Nice trade as BIDU rised right after your entry. already $ .15 per contract gain in your pocket. unless there is another buy the rumor sell the news coming, it's unlikely to drop 7+% just in two days looking at the bollinger bands and rsi (imo)... but the volume these two days are very low, plus the MACD and Money flow indicates a down trend.  (two days, 15 min interval)
Are you bull on BIDU or just because it has a higher premium? 
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tamo42
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« Reply #2 on: 2011 Sep 07, 09:09:36 pm »

Yeah, I thought about closing it out today, but... well... forgot Smiley

I am moderately bullish on BIDU for at least the next market cycle. I'm a swing trader so I look at the 6-month to 1-week trends. The stock bounced off its long term upward trending moving average, and successfully held a higher high and higher low since then.
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Neal McSpadden
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tamo42
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« Reply #3 on: 2011 Sep 07, 09:11:23 pm »

Incidentally, these stock market discussions have inspired me to do a little business experiment in building a niche website about these kinds of trading strategies.  I'll be sharing more details later.
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Neal McSpadden
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arksight
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« Reply #4 on: 2011 Sep 07, 10:13:42 pm »

Cool! would love to see that! I also trade options, and have been seeking strategies that would work in both bull/bear market.   
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smbgaiden
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« Reply #5 on: 2011 Sep 07, 11:13:29 pm »

Miners have been remarkably strong recently. It is a bittersweet thing for me, since I had sold some covered calls on a thinly traded issue (amongst others) and some of these were assigned. Thankfully, the exercise was profitable and did not sell out the long term capital gains eligible shares. Plan going forward is to re-buy the position into weakness. Unfortunately, weakness is not guaranteed!
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tamo42
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« Reply #6 on: 2011 Sep 07, 11:14:32 pm »

I've only been watching NGD since that's what I had a position in. What miners are you playing?
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Neal McSpadden
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smbgaiden
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« Reply #7 on: 2011 Sep 07, 11:20:34 pm »

I have NGD with buys at approximately $0.95, $0.85, $7.5 (this year), and $10.05 (this year).

I am getting assigned on my covered calls in NSU (happened on two different days, expiry is Sept `11).

Own AEM, CGR, Some NGD B warrants, DGP ETF, and from short time to time I own or sell DZZ.
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tamo42
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« Reply #8 on: 2011 Sep 07, 11:26:21 pm »

Hmm, 1300% return isn't too shabby Smiley

All of those charts look like they've been on a tear. I know what you are saying about weakness. I wouldn't buy any of those charts at this point, but hopefully later!
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Neal McSpadden
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tamo42
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« Reply #9 on: 2011 Sep 08, 12:08:26 am »

Here's the start of my niche site topic: http://www.livebusinesschat.com/smf/index.php?topic=4755.new;boardseen#new
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Neal McSpadden
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The Primal Prepper - my blog about preparing for the worst while living the best
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