ladyfriend2's Blog : AZZ & Options Question etc

Howdy, ladyfriend2!

Anybody out there wanna decifer what the options are saying for AZZ (AZZ Ind), for me?

Although I was unable to reply to your blog post before AZZ Inc. (http://www.zacks.com/research/report.php?type=estimates&t= AZZ&x=0&y=0">AZZ) issued its earnings report this morning, I would note one quick-and-dirty way to assess the options market's opinion vis-a-vis U.S. equities is by visiting the colorful http://www.optionpain.com/MaxPain/Max-Pain.php">Option Pain (Max-Pain) Calculator.

At this moment, the calculator estimates an AZZ share price circa $35.00 at options expiration next month. Of course, the options market and thus the calculator have not had a chance to factor in the http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/06-26-2009/0005050911&EDATE=">AZZ cut in guidance today.

Good luck!

MackTheKnife

First and "for the wreckerd" my fine ladyfriend....I want you to know that whenst I "suggested" you take a little off your AZZ at higher levels it wasn't cuz I didn't think you had a bodacious booty. I wouln't make fun of NE1's body parts. Heck...you should see my fatazz! :o Anyhoo, I doesn't know what the options are saying...but the chart says AZZ has a future date with the $20 dallah area just based on the trendlow that was put in on Mon at $32 dallahs. Now, it already took out that low and attempted to rally but didn't get far. The $32 dallah area is gonna be key and the chart says this moanin's $31.05 low is gonna go bye bye. The windup? You have consecutive lower lows ($32 trendlow and this moanin's 31.05 RSI low) which "might be" the initial sign of a downtrend that is about to begin. Sell into any rally and the fact that the last rally only took it thru $34 whenst the "maxi" one woulda expected after a confirmed trendlow would be $40+...well, the "feeble" rally is to be taken as a warning sign ifn ya axe me. GOOG luck with yer AZZ and I certainly "hope" you don't go anorexic on me. :-) 3J

If/when you do try options, I hope that your results are better than mine. I have only lost money on options. My most recent addition to my story of consistent bad luck in options is Quality Systems (QSII) calls.

Thanks, Fellas,! Thinkin I will sell my AZZ this week. Maybe Monday! hahahahahaha....., sorry, still laughing at White Dwarfs blog about the government recsuing a losing stock, losses etc. My mind is a bad neighborhood, i should never be in there alone! the ride it took me on was akin to the Mad hatters at Disney!

And for the record, White Dwarf, I don't risk in what I don't comfortably understand and that would be options. I do know if I were ever to do ANY options it would only be as insurance, I am thinking of buying puts on stocks I buy...just to sleep better on the weekends I haven't gone to cash on!.. First I need to read up a lot more.

ladyfriend2, I'm glad that you liked that one. There's more where that came from, too.

As for AZZ, if it is not to your liking, then you could consider JAZZ (Jazz Pharmaceuticals) and FAZ (the financial bear 3x ETF).