JLJ002500

JLJ002500 Updated 

4H chart below shows my last two trades, both losers. The good news is the second losing trade was resulted in only a small $ loss because I proactively trimmed my holding as the trade moved against me and became invalid. It ended up being only .007 of my balance. The bad news is the first trade resulted in a more significant $ loss, more than I typically allow...

JLJ002500 Updated 

I'm in short, however, still waiting on several confirmations before I fully invest in this trade. This is a short-term trade that could develop into a long term trade. Much depends on the price action over the next couple of hours and current 4hr and Daily bar completions. Especially if current Daily bar ends up as a strong bearish (bull rejection), price...

JLJ002500 Updated 

Extended long term range (~10 months), at top of range in consolidation for last month. Slowly getting into a short position. I expect this to be a longer trade. M: W: D:

JLJ002500 Updated 

EU has been in a 2 month consolidation. I went long at bottom of range after support held. Long @ 1.15612. I just closed 1/2 of my position to lock in gains. To me the charts seem to have more downward pressure indicating the support could be retested or broken prior to returning to the top of the consolidation range. My current TP for the remaining position...

JLJ002500 Updated 

Short @ .74299; SL @ .7442; TP @ .74075 (TP1=.7418)

JLJ002500 Updated 

I made money on this stock several years ago during the fracking boom. At that time I bought at less than $3 and sold a little over $8. Since that time, I've kept my eye on the stock and have watched the stock continue to tank as OPEC demolished the small independent US oil companies. The stock price took a huge drop 7/20. While I'm sure there is a specific...

JLJ002500 Updated 

This company has issues. It's association with John Kapoor doesn't help matters. Anytime now, the judge should deliver his decision regarding the merger drama. Based on price and chat, many are expecting the verdict to favor AKRX. Who knows. The possible verdict outcome could be merger proceeds at original terms, proceeds at a reduced price, or Fresenius is...

JLJ002500

After the fact. Personal trade record. Closed position (limit order executed) today that I opened on 4/3. Opened on 4/3 for $1.40 credit CREDIT: $140 MAX POTENTIAL LOSS: $500 - $140 = $360 44 days till expiration, but had no intention of holding till expiration. Ideally, wanted to close position within 25-30 days. Entered a limit order to close the...

JLJ002500 Updated 

I'm short at .71950. There is a support price needs to break through. If not price could retest resistance. Because of this, I have a fairly narrow SL. If price is unable to break through support, a rebound would allow a better entry price. The Weekly chart below indicates the justification for this short trade. W D 4H:

JLJ002500 Updated 

A pull back would create a great long entry. I'm expecting a pullback before the ~12.19 resistance area is tested. A would need a pullback to justify a long entry at this point. I would not recommending any short entry even though the R/R may be favorable. The yellow/green boxes are the ideal buy areas. As you can see, they make up quite a large area. The...

JLJ002500 Updated 

I think MNK looks interesting at this price. Price has been driven down. Could potentially continue to fall, but in long run, this could be a good potential buy opportunity. Time will tell. The IV% on short dated put options are much higher than normal. I sold a couple 3/2 $15P for .80/contract (3 days till expiration) B.E. (or purchase price if exercised)...

JLJ002500 Updated 

I'm using the 4H chart pinbar as main justification for short entry. Trade could be closed manually before TP. D: Indications of pullback. Supports short. W: Last completed bar shows sign of pullback. However, current bar has not been able to push lower.

JLJ002500 Updated 

IV% for DERM options remains very high. I already have sold the 3/16 $25 Puts. I sold a couple more 3/16 $20 Puts. I will look for an opportunity to take partial gains on the $25P to reduce my overall risk exposure. 3/16 $20P @ $2.85 23 Days till expiration DERM $27.22 D: -.0051 G: .0043 T: -.0011 V: .0008 IV: 245.42% (vs 49.92)

JLJ002500 Updated 

I'm back in the trade. Short @ 11.65462, SL 11.69999 This is a continuation of my last trade with this pair. I have room to add to my position if I get a good opportunity.

JLJ002500 Updated 

Bearish price action. Opened short @ .88252. SL .8862 See Charts below M W D

JLJ002500 Updated 

ROKU options are selling at a very high premium (time value) due to very high IV%. To take advantage of the high premium I opened an Iron Condor. I chose an iron condor because I don't have a strong bias (bull/bear). This strategy provides a little more cushion whether it moves one direction or the other. I would have chosen a credit spread strategy if I did...

JLJ002500 Updated 

I didn't have time to post this yesterday. The chart shows when I entered the trade. The below charts are current charts, not from when I got into the trade. It's close to my TP. I plan on closing more than 1/2 of my position at the TP. I probably will keep a 1/3 open and adjust TP to ~11.5795. M W D

JLJ002500 Updated 

DERM - expect volatility. Overall, bullish outlook. Could have significant swings. The options are so expensive right now it makes for an optimum to sell. I don't like either a credit call spread or any credit spread in this situation. Simply selling puts seems like the correct strategy. I've placed a limited order to sell 3/16 $25 puts at $5.6, mid...