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Options Oracle: 01/08/13

I believe now is the time for us to leg in to the next part of our condor spread. We have already bought the January 2014 570 Puts and we’ve sold the February 525 Puts. This completed the first half of the Condor, which is a Diagonal Calendar Put Spread. Right now we are going to buy the […]

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Options Oracle: 01/04/13

Apple stock pulled back to fill the gap just like we expected it to, so now is the time to complete the calendar put spread that we initiated yesterday. If you have been following along with this trade then you should already be long the Jan 2014 570 puts. Our goal was to wait for the stock to […]

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Options Oracle: 01/03/13

We have had some great results with our Condor Spread in 2012. Now that we have a fresh new year ahead of us I thought it would be a good idea to enter into another condor spread with Apple, Inc. The time premium in the options I’m looking at is very high and this is exactly what we […]

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Options Oracle: 12/28/12

I think now is the time to start looking for opportunities in the small-cap sector. The iShares Core S&P Small-Cap ETF is a great way to get long the small cap market while reducing the risk of having to find one or two small cap companies to invest in. The idea behind this trade is to sell a […]

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Options Oracle: Expiration Week Alert 12/20/12

This Friday marks expiration day for the November option chain. We are currently holding positions in the following companies; iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), Netflix (NFLX), Biogen, Inc. (BIIB), Baidu, Inc. (BIDU), and the Oil Holders (OIH).

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Options Oracle: 12/13/12

On November 23rd, I sent out an alert to buy the January 2014 90 Calls because there were signs that Baidu was going to rally. The stock has rallied over the last six days but there is an inverted hammer at the top of this move that tells me we could see a slight pullback in the stock.

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Options Oracle: 12/07/12

On November 29th, I sent out an alert to buy the January 2014 35 Calls because there was a bullish engulfing pattern showing up on the charts. At the time, the stock was trading $38.20 and I set a target price at the gap up around the $40 level. Now that the stock has moved higher I think […]

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Options Oracle: 11/29/12

  This ETF, like a large number of stocks, is showing a clear bullish engulfing pattern near a role-reversal support line. The January calls are fairly inexpensive at $6.20. We will have to wait and see what happens with the price movement over the next couple of week before deciding whether to turn this into a calendar spread […]

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Options Oracle: 11/23/12

This is a stock that we traded last month but eventually had to close the position to limit the losses in our account. I did say that we would have another chance to trade Baidu and this is it. The stock is bouncing nicely off of the role reversal support level that is seen on the weekly chart.

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Options Oracle: Expiration Week Alert 11/14/12

This Friday marks expiration day for the November option chain. We are currently holding positions in the following companies; iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), Netflix (NFLX), Biogen, Inc. (BIIB), Baidu, Inc. (BIDU), Facebook, Inc. (FB).

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