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
Posted on November 14, 2012 by AJ Monte in Options Oracles
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).
Options Oracle: 11/08/12
Posted on November 8, 2012 by AJ Monte in Options Oracles
The iShares Silver Trust is showing a Bullish Engulfing pattern on the candle charts and this is something that I find hard to resist, especially if you are looking for something to buy in this market. Yesterday we also saw a hammer pattern, which is also bullish, so the two candle patterns combined only makes this more appealing […]
Options Oracle: 11/01/12
Posted on November 2, 2012 by AJ Monte in Options Oracles
Netflix, Inc. (NFLX) shares surged by more that 20% on Wednesday, triggering a brief halt in trading of the company’s stock. A Securities and Exchange Commission filing said that billionaire investor Carl Icahn had acquired a 10% stake in the company. According to the filing, Icahn and his affiliates believe “the shares were undervalued due to the issuer’s dominant […]
Options Oracle: Expiration Week Alert 10/17/12
Posted on October 17, 2012 by AJ Monte in Options Oracles
This Friday marks expiration day for the September option chain. We are currently holding positions in the following companies; SPDR Gold Trust (GLD), iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), Netflix (NFLX), Biogen, Inc. (BIIB), Baidu, Inc. (BIDU), Facebook, Inc. (FB), Cree, Inc. (CREE), S&P VIX Short Term (VXX). Watch this week’s […]
Options Oracle: 10/11/2012
Posted on October 11, 2012 by AJ Monte in Options Oracles
The general markets are showing signs of weakness which is why I’m suggesting a contingent buy order for the January 2014 30 Calls. We want to buy these only after we have gotten confirmation of a breakout over the resistance area. This resistance point is also the top of the Cup & Handle pattern and the buy signal […]
Options Oracle: 10/04/2012
Posted on October 4, 2012 by AJ Monte in Options Oracles
Buying calls is a basic option strategy that allows us to profit when the price of the underlying security moves up in value. The great thing about a long call position is that you can’t lose more that what you pay for the options. The best way to manage risk in a position like this is to make […]
Options Oracle: 09/26/2012
Posted on September 26, 2012 by AJ Monte in Options Oracles
As you can see from the candle chart above, the stock has dropped to a key role reversal support level and is showing a well-defined hammer pattern. The hammer is a very reliable buy signal that usually shows at the bottom of a downward leg. Watch this week’s video »
Options Oracle: Expiration Week Alert 09/18/12
Posted on September 18, 2012 by AJ Monte in Options Oracles
This Friday marks expiration day for the September option chain. We are currently holding positions in the following companies; SPDR Gold Trust (GLD), iShares Silver Trust (SLV), AMEX SPDR Energy Select Index (XLE), Amazon (AMZN), Netflix (NFLX), Biogen, Inc. (BIIB), Baidu, Inc. (BIDU), and Facebook, Inc. (FB). Watch the video »
Options Oracle: 09/13/2012
Posted on September 13, 2012 by AJ Monte in Options Oracles
We are selling in-the-money puts in an effort to buy the stock at expiration. Should the stock move up and stay over the $21 strike price then we would not get to buy the stock. However, we would still get to keep the premium we’ve collected. That wouldn’t be so terrible because it would result in a 6% […]
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