1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.
I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.
I Hope this helps,
Juan
---------------------------------------
Today I was able to enter a PCCRC in a single ticket with OptionsXPress. I had to call it in, but they did do it in minutes, eventhough my bid was between the bid and the ask in the market. Note the dates and times of the image below and you will be convinced that I did do it.
I also talk to the people at THINK or SWIM and they too would do the trade if phoned in.
OX is already working in an order form to allow me to enter this trade.
TOS would consider it if I open an account with them.
Since OX allows me to do spreads in my IRA account, I want to stick with them.
13 comments:
Excellent, I am current legging into an IMCL double Dia. because I couldn't do it in one trade with the differnet size legs. Look at IMCL Jun and Jan IV.
Rick, you did not say what your broker was. Give them a call, they should all be able to place the trade as a unit, by phone.
If you trade with OX, show them my execution picture by e-mail, download it here:
http://homepage.mac.com/paperprofit1/.Pictures/AAPL/AAPL35.png
When you go so far out (JAN options) it may be difficult to see a profit early. It is a art to find the proper balance without a little trial and error. Despite the lower volatility in Jan Options for IMCL, Nov. may be better because they are cheaper.
With Platinum, compare both trades and see which one is more cost effective in your mind. We want volatility in the long options to increase and thus also increase the trading value of the options.
June is getting borderline close, but the volatility is still high. Note that IMCL reports at the end of July, so the Aug. options should be naturally more expensive because they are the only post-earnings options right now.
Our goal is to buy cheap options and sell expensive ones.
You can put this trade online with IB. If anyone needs print screens on how to do it shoot me an e-mail
realinvestor101@yahoo.ca
Juan,
I am bit confused why you entered the trade at this time.
1) IV/SV is above 1.
2) You had a bearish outlook earlier for the trade. Unless IV increases the trade may loose money.
IV chart shows that the time is right to enter. However, wouldn't you want a little bit of skew for the trade.
Let me know your thoughts..
I am trading the Jan because it costs me only .20 more for 2 more months and IV is at the bottom of IMCL range.
I trade with OX, for the smae reason Juan does, spreads in the IRA.
Varum, you are right, IB is an excelent place to enter this trade. In fact, I can simply select the strike price, and months of interest and IB generates a limited chain with implied volatility on each leg. In fact, I took my trade to IB, look at the bid/ask and then call OX to enter the trade at a reasonable bid.
With relation to AAPL, please don't use this as an ideal example. I have been trading AAPL on earnings alone for many quarters and my trade does not fit the profile I hae been describing. I had to show it as proof that OX does take these trades.
As for AAPL, NOTE that it has made a double bottom and earnings are a month and 1/2 away. I expect Delta gains and then I can neutralize the trade. I will keep ou informed if you'd like. I was just suddenly bullish (double bottom) but had to be protected. The proper trade could have been a butterfly, I suppose.
I will continue to show you ideal trades.
Sorry, VARUN
Rick, we will see how that turns out!
My recent IMCL is already turning a porfit.
IMCL is a good trade. I like that trade. 'N' is another good trade to enter. However, their is some merger talks to watch out for.
I will watch your AAPL trade .... I think you are going to make some good $$..
Hey Juan,
Not sure why you you said sorry?
A link that has been brought to my attention, which you may or may not find interesting;
http://www.stockignition.com
Varun, I misspelled your name in my earlier post.
BTY, all of those who would like to learn how to use Candlestick patterns, there is only one book you would ever need, cheap too:
Candlestick Charting Explained by Gregory L. Morris.
Post a Comment