Still watching SIL.... may jump back in ("I don't know how to quit you")
Also, main reason for post is that I'm testing some options strategies to be played simultaneously along with shorting the stocks... right now NXTM 5 puts at .90... will update with results
**UPDATE
nice drop on NXTM....
as expected, the 5 strike puts went from .90 to 1.45 on the drop (a 60% gain!) but the spread is ridiculous, prohibitively so. I knew this was too easy.
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6 comments:
Haha, love that quote in relation to a stock...I've been curious about options, cause with the SEC ban some great shorts are just impossible, but for now I'd like to get a handle on trading stocks before delving into another foreign land for me. Have you traded options before or is it a first for you?
You're so right johnnyv...CCOW on the SEC not shortable list! I'd bet whatever that any stock with the word "capital," "finance," "bank," or "holding" is on the SEC list. Keep up the great work johnnyv!
JV...I've learned a lot from you and I've decided to put together a blog! It's my first time and your opinion would be appreciated! It's all exciting and networking with traders such as yourself make this even more fun! Let me know what you think? Im kinda nervous putting myself out there, but I want to become a better trader! Thanks dude.
http://iltorello.blogspot.com/
i have one question out of this subject.
if you look at the cypb 5 min chart yesterday at 14:20 it was a huge volume increase, and i was confuse if to go go long or short.
so when you see volume increasing like that, what is your explanation?
thanks
yes it is difficult sometimes to predict how a huge volume spike that comes in will push the stock. I think the way to look at this chart is that the huge volume coming in failed to lift the stock and the 5 min candle ended up red. That foreshadowed a continuing down move which was the trend of the day.
thanks JV
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