StockFetcher Forums · General Discussion · IBM - OPTIONS PLAY<< >>Post Follow-up
TheRumpledOne
6,362 posts
msg #76891
Ignore TheRumpledOne
7/27/2009 1:15:18 PM

There are two daily gaps on the IBM chart.

GAPS usually get filled.

IBM is showing negative divergence with RSI(2).

Buying the 100 puts 2 - 3 months out looks like it could make your year.

Wait for a SHORT SIGNAL before buying the puts.

Do NOT jump the gun.

IBM monthly range is around $10.

TRADE WHAT YOU SEE.



Eman93
4,659 posts
msg #76961
Ignore Eman93
7/29/2009 8:43:42 PM

Thanks TRO.....remember those EF Hutten spots.....its like that.

cello13
88 posts
msg #76971
Ignore cello13
7/30/2009 2:47:18 AM

Hi Avery

INTC has almost the same pattern and a negative divergence in RSI(2) too. Another neg. divergence in MACD (2,3,1). Nice gap @ 16.80 to close :-)

As a safer strategy I would use a $18 put 2 or 3 months away. It needs a short signal as well as in IBM.

GLTA

Cello13

Eman93
4,659 posts
msg #82220
Ignore Eman93
11/1/2009 12:02:09 PM

Pop

Kevin_in_GA
4,553 posts
msg #82223
Ignore Kevin_in_GA
11/1/2009 12:24:14 PM

"Buying the 100 puts 2 - 3 months out looks like it could make your year. "

IBM closed on 7/27/09 at 117.63. Never went any lower than 115.15 since. Currently at 120.61.

"INTC has almost the same pattern and a negative divergence in RSI(2) too. Another neg. divergence in MACD (2,3,1). Nice gap @ 16.80 to close :-)

As a safer strategy I would use a $18 put 2 or 3 months away. It needs a short signal as well as in IBM. "


INTC closed on 7/30/09 at 19.25. Never went any lower than 18.41 since. Currently at 19.11.

I'm hoping that SHORT SIGNAL never came.

tmanbone
124 posts
msg #82226
Ignore tmanbone
11/1/2009 1:17:57 PM

buy 10 IBM Jan 09 100 put @ .90, max profit 99,100 if it goes to 0, max loss = cost of trade 900 + com.

buy 10 INTC Jan 09 17.5 put @ .66, max profit 16,480 if it goes to 0, max loss = cost of trade 660 + com

Should be interesting.

Eman93
4,659 posts
msg #87829
Ignore Eman93
2/4/2010 6:34:14 PM

Did you get the Feb puts?

StockFetcher Forums · General Discussion · IBM - OPTIONS PLAY<< >>Post Follow-up

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