SIRI

dawgball

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Just bought the Dec 5 Call on SIRI at $1.95. Option ticker: .QXOLA.

Currently have a trailing stop loss of 0.80 and will update the trailing stop loss to 0.30 if it hits $2.40.
 

dawgball

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I'm with you, kneifl. I have second guessed myself a little for not buying one more month of time with the Jan call, but I still feel this will be fine. I just like to have an extra cushion.
 

kneifl

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www.tradewithjon.com
When Howard goes off the air. It will go up. When he is about to go on Sirius it will go up. In between, I don't know - but those 2 positions would be prosperous -JMHO.

kneifl
 

MSM

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I HAVE NEVER DONE ANYTHING WITH OPTIONS. TRIED TO READ SOME ON IT BUT SEEMS COMPLICATED TO ME. IF YOU COULD GIVE ME A SIMPLE EXPLANATION ON THIS ONE I'D LIKE TO UNDERSTAND IT.
STILL LEARNING!!
THANKS
MSM
 

Doughboy

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Dawgball,

Noice trade. Still holdiing my Nov. BRCm calls looking to make a little money.


MSM,

Be very careful with options. It is often an all or none proposition. If you are going to trade them, you must buy in the money and be very watchful, because they can tank very quickly.
 

selkirk

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good trade 20% in about a month, MSM options are very interesting but Doughboy is correct you should be careful.

know plenty of people that made large amounts of money the first year or two and then began to make dumb mistakes (break rules) and lost almost everything.

some of my most recent options in the past two weeks.

in cdn. $ trade on montreal ( Toronto should have options in 06.)
sold puts on ATY $18 Jan got between .90 $1
ATY was trading at $18.76 now at $19.45
just believe ATY will stay above $18 until the third Friday in Jan.

2. sold puts on Tek $44 May $2.40- $2.45
TEK is trading on Toronto at $50, like the company and have a position that I will lose ( have 800 with covered calls feb $48), if I lose that position return will be 24% in 8 months.

so figure would sell the puts, would have to buy them at $44 until the third Friday in May. believe they should be above 44 and expire worthless.

do not ussually like to go out that long so a smaller position than usual.


thanks
selkirk
 
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dawgball

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I apologize because I should have mentioned that to MSM. Options are very risky if you do not really educate yourself on their nature. If you treat them like trading stocks, you will more than likely go bust.
 
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