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    AL
    albert
    Rep: 99
    Posts: 3,094
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    Starting it off.

    Al
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    decision time for gld once again....

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    RA
    rat89
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    Posts: 7,015
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    spy in two timeframes as the close Monday
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    AL
    albert
    Rep: 99
    Posts: 3,094
    0
    rat,

    Awesome!

    Al
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    but wait....there was more!

    279.93 - 278.41 = 1.618 at 280.87
    278.23 - 268.49 = 1.27 at 280.86
    284.21 - 250.79 = .886 at 280.40
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    AL
    albert
    Rep: 99
    Posts: 3,094
    0
    Paper trading.
    Made a bit with some option puts on NFLX. NFLX earnings disappointed some traders.
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    Made some on INTU option calls. 0.382 and 0.618 overlap at price reversal - at the 50 with STO OS.
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    Made some on JNJ option calls.
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    The trading education I got from Jim is very valuable in helping me understand trading.

    Al
    RA
    rat89
    Rep: 0
    Posts: 7,015
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    Al nailed nflx
    AL
    albert
    Rep: 99
    Posts: 3,094
    0
    rat,
    Thanks, but I cant take credit for the idea. Michael Khouw discussed it on CNBC's "Option Action." I got the suggestion for the setup from Tony Zhang of OptionsPlay.com. He called that setup a put butterfly.



    Good Trading,

    Al :--)


    Originally posted by rat89

    Al nailed nflx
    AL
    albert
    Rep: 99
    Posts: 3,094
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    Paper trading. Made a bit on a NFLX call at a pennant.



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    NFLX price opened up and paused above the 200 on the 1 min. Price action finally formed a pennant. I decided to go long a call option and then sold it and made a bit.

    Al :--)