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rjm77me
rjm77me vip
P&P Score: 99.93   Points: 779.67   Accuracy: 81.09%   Average Pick Score: 1.17   Annual Return: 43.20% (112.67% since 7/16/09)  

rjm77me's Blog : Reduced long positions this morning - looking at PUT options

Date January 26, 2012    Comments Comments (6)    Rate this post Recommend This Post (26)   
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Free Options Trader Guide

Market is flashing temporary top / Resistance


Still bullish over the market direction.


Will wait to add new postions on very selective basis


Out of ANR, BTU, HAL, BHI, CTXS, MCK


Looking at WLP, HUM (buy another 3 points lower)

Tags : MCK   HUM   WLP   BHI   CTXS   ANR   BTU   BMY   MO   VZ  

6 Comment(s):

Author rjm77me     Date January 26, 2012 17:23  Edited: January 26, 2012 by rjm77me Abuse this post Report Abuse
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Decided to add WLP March 60 / 65 call spread at the low of day for $3 debit - ended day for small profit of 20 cents
Will be buyer of WLP stock for 401k if it dips below 62.5
Author BSNBC     Date January 26, 2012 21:10 Abuse this post Report Abuse
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i'm looking to buy some Celgene on a dip to the $67 range or so. good stuff in the pipeline. stock needs to come down though.
Author rjm77me     Date January 26, 2012 21:59 Abuse this post Report Abuse
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CELG to $67, May require waiting for 10 days and market reversal.

Looking at most of charts in my 220 stocks - nothing changed much - Except the market opened strong and reversed in half hour.
Couple of days will conform if the market changes direction

I have been trading high beta options and the reversal makes big difference
Author rjm77me     Date January 27, 2012 09:28 Abuse this post Report Abuse
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Markt futures down for the day -

My list of 220 stocks - 75% went up average 15% in last 20 days - market up 4% in last 20 days - those high fliers will pull back - so will buy puts as each stock shows topping like WLK , GGC - Bought puts in XLNX yesterday
Author BSNBC     Date January 27, 2012 16:48 Abuse this post Report Abuse
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no luck for me with Celgene. stock was downgraded but went up.
pretty frustrating when you want to buy a stock but want a better price. i may have to do options with it.
Author rjm77me     Date January 28, 2012 10:12  Edited: January 28, 2012 by rjm77me Abuse this post Report Abuse
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Value play worth a consideration,
BMY
VZ
MO
One can play using options two to 4 months out. Delta is high - so one can loose or profit a lot as %ge of investment.
One can use it as short term trades too - averaging too a limit is ok
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