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| |-+  New Opportunities
| | |-+  Anyone with ideas?? Here's a few
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Author Topic: Anyone with ideas?? Here's a few  (Read 1003 times)
Zipper
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Posts: 28


« on: May 07, 2007, 04:23:23 PM »

I am trying to put together a watch list.  I think we are due for a pullback and I am nervous that the Fed meeting on Wed might add some volatily (downward move?).  Here's what I am watching:

LNN watch
INFY June 55 puts @ 4 stock at 52???
CEL
VLO on pullback
MHGC 
HERO
DRYS
FRPT
REFR
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optionpundit
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« Reply #1 on: May 09, 2007, 12:27:51 AM »

Zipper, thanks for sharing your ideas. Why do you think that there will downward move after the fed meeting. I would surely like to understand about why you think this way? Can you also share your selection process on why did you choose the following tickers?
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If you have a strong why, you will find how.
Profitable trading, OP
@InvesCafe - http://InvesCafe.com/OptionPundit
Zipper
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Posts: 28


« Reply #2 on: May 09, 2007, 09:25:18 AM »

OP:

I think the mkt has stretched too far in one direction and is ready for some snap back to the mean.  ie. the odds are tougher on the long side right now, b/c we could get a pull back.  It seems like events like the fed give the mkt an excuse to revert back to the mean.

I scan a bunch of stocks, blogs and other venues for trading ideas.  I like pullbacks into support for longs and pullbacks off lows for short positions. 

TSO looks like a nice pullback and its consolidating.  CYD is a dreamy pullback.  I am already long this stock, but it looks attractive here.

Any ideas on a bullish spread for TSO in Aug calls?  I never know which ones to buy.  I like an ITM and then sell an OTM, but which one?  Thoughts?
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optionpundit
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« Reply #3 on: May 09, 2007, 10:08:22 AM »

Got that zipper..
TSO seems to be having great support at 115 but frankly speaking it has all the reason to dip as low as 112, so  here are couple of thoughts-
1) 110/105 bull put spread, May doesn't offer a good reward, June maybe a good one 1.20 credit for 3.80risk. Potentially.
2) How about a bullish calendar for 120 or 125. or it can be a double diagonal if you think it's going to be a range bound (resistance at 125)

Based on your 1) time horizon and 2) range, choose your pick and go for it.

CYD, I personally will stay away as there are other fishes in the pond...

Hope that helps Zipper,
Profitable trading.
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If you have a strong why, you will find how.
Profitable trading, OP
@InvesCafe - http://InvesCafe.com/OptionPundit
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