SIRI Monthly Thread October 2015 (with NFL Chat)

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Originally Posted by midas360

So I was right then? I mean you were the one asking the original question. :) I was pointing out facts. What was it about my post that was wrong? Sorry if I made a mistake?

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Sorry, my comment was not meant to be offensive; I was trying to say the facts as you cited had no bearing on the High/Low P&F chart which does not necessarily take the closing price as a data point nor does it consider the comparison per se, of price from one day to the next. My question was in search of clarification or understanding of what was displayed on the High/Low P&F chart. :confused:

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Originally Posted by user34615145

I'm gonna make an earnings trade on NFLX. They report Q3 after the close on Wed. 10/16. $.08/share on $1.75 billion in rev's seems to be the consensus.

Stock is currently trading around $114/share with a P/E of 256 - so it's priced for perfection and has a history of being pretty volatile on earnings hit/misses.

I'm gonna try and take advantage of that volatility and sell the Oct16 $100 PUT for $2.35-$2.50, meaning I'll get PUT (have to buy) the stock at $100 if they miss and the stock pulls back to below $100. If they do well, or at least don't do so poorly that the stock pulls back to under $100, then I get to keep the premium.

If I do get put the stock, my plan is to turn around and sell covered calls against the holdings in order to at least get back to even.

So fasten your seatbelts kids cause daddy needs $$$ for a new six iron!

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Originally Posted by waldo29

Nice recovery during the CC, you may not get put the stock.

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Originally Posted by midas360

Oh you are going to get put the stock. No question about that :)

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Well, FYI I didn't buy the puts back yesterday even though I could have a few times for a fraction of what I got paid for them. I preferred to leave them sit and collect the full premium and see what happened - figuring I'd be just as happy as not if I got put the stock and that's what happened. Stock closed I think at 98.99 and I bot them at $100, but collected $2.35 for the premium so my cost basis is $97.65. On monday, if the stock is showing any stability, I'll sell the nov 20 or 27 $100 covered calls agains the position and collect another $5 or $6 per share. Maybe a little more if it shows strength...a little less if it's kinda weak. Anyhow, that's the plan and I'm sticking to it.

I knew that boy wouldn't be able to stay out of trouble.

http://sports.yahoo.com/blogs/nfl-sh...224437209.html

Good Morning



Hey NJ, Raptor, User, Sly, Waldo, Stag, and Denco! Hope you guys have a super duper weekend!

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Originally Posted by midas360

good morning



hey nj, raptor, user, sly, waldo, stag, and denco! Hope you guys have a super duper weekend!

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gay

Russian Hackers of Dow Jones Said to Have Sought Trading Tips

https://finance.yahoo.com/news/russi...182005421.html

During the past week or two we have been reminded of P&F charting as one valuable resource in our Technical Analysis tool kit. For benefit of those not familiar with this charting method I offer what I found as a quick, simple, "scratch the surface" uTube tortial on the subject. As witnessed in my blabbering exchange with Denco in search of a refresher on the subject, I am reminded of the breadth of wisdom presented in this method, and the ease of which one can lose touch if away from it for any length of time.

The following link not only provides a decent high-level discussion, it also offers a referral to a plathora of related education found at stockcharts.com. I think if you are intested in assistance to identify entry and exit signals, support and resistance prices, and calculated target prices, this is a good piece of available knowledge.

https://www.youtube.com/watch?v=1UUlpi-GgnI

+1

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Originally Posted by siriusly_invested

During the past week or two we have been reminded of P&F charting as one valuable resource in our Technical Analysis tool kit. For benefit of those not familiar with this charting method I offer what I found as a quick, simple, "scratch the surface" uTube tortial on the subject. As witnessed in my blabbering exchange with Denco in search of a refresher on the subject, I am reminded of the breadth of wisdom presented in this method, and the ease of which one can lose touch if away from it for any length of time.

The following link not only provides a decent high-level discussion, it also offers a referral to a plathora of related education found at stockcharts.com. I think if you are intested in assistance to identify entry and exit signals, support and resistance prices, and calculated target prices, this is a good piece of available knowledge.

https://www.youtube.com/watch?v=1UUlpi-GgnI

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Quote:

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Originally Posted by siriusly_invested

During the past week or two we have been reminded of P&F charting as one valuable resource in our Technical Analysis tool kit. For benefit of those not familiar with this charting method I offer what I found as a quick, simple, "scratch the surface" uTube tortial on the subject. As witnessed in my blabbering exchange with Denco in search of a refresher on the subject, I am reminded of the breadth of wisdom presented in this method, and the ease of which one can lose touch if away from it for any length of time.

The following link not only provides a decent high-level discussion, it also offers a referral to a plathora of related education found at stockcharts.com. I think if you are intested in assistance to identify entry and exit signals, support and resistance prices, and calculated target prices, this is a good piece of available knowledge.

https://www.youtube.com/watch?v=1UUlpi-GgnI

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Thanks SI....great video even a dummy like me could understand. Learned a lot from that. I think i will try to incorporate that into my trading. I will def be paying more attention to you and denco when you are discussing pf to pick up a little more knowledge in the future. :thumbsup:

But Remember...

"There are some drawbacks as well. For instance, volume is not considered, and P&F charts are not good for identifying whether a stock is being accumulated (bought) or distributed (sold)."