My Trade Ideas....

[Dogpile]

Gave FLS a try as a swing trade.

[Z_trade]

Take a look on NOC Bull Ratio Spread opportunity.

Low volatility, high probability for sharp up move and possibility to get 3:1 ratio with no up front cost, unlimited profit.

Here is a scenario:

V:19

Sell: -1 Nov-07 75.00 Call / Bid 5.10 - Ask 5.35 / x 1
Buy: +3 Nov-07 80.00 Call / Bid 1.60 - Ask 1.75/ x 3


Upside Maximum Profit: Unlimited
No loss occurs if the underlying stock falls drastically instead of rises
Max loss if NOC closes exactly at the strike price of Long call - $80. 75 Call covers the entire price of the long Call options and max loss is a difference between strikes: $500

[TinGull]

Gained a little today. Also put on a new trade on SIMO. Sold a call spread NOV25/20 for max return of 37% on invested cap. Looking for this to keep headed down at least to 18.20ish and possibly to test the lows at 16.80ish.

[TinGull]

Nice stuff ZTrade...I like it a lot!

[brownsfan019]

Tin,
I see some possible support at 20.00 and 18.00. Looks like this puppy likes the round numbers.

Just my 2 cents.

[TinGull]

Definitely noticed that and definitely keeping a keen eye on it. My stop is above the 24 dollar mark and we've got a month to go yet on this spread. We'll see how it all turns out.

[TinGull]

Well, decided to close out some of my positions this morning just to mitigate some risk while I had some profits.

BHI - I bought a call spread to minimize my risk on that trade but participate a bit in the up move. Initial cost was 98 dollars per contract and I sold it this morning for 177 per contract, or 55% on invested capital.

GDX: I bought some calls outright since premium was cheap enough for $155 per contract and sold this morning...a little late...for 227 per contract or 68% on invested capital.

I bought a few shares of GLD the other day and sold them this morning. I don't really like buying shares outright, rather play options. Didn't make much on that position. I had bought them for 73.53 and cleared them out for 74.77 for a 1.7% gain. Cute, huh?

So anyways, I've got one other position going right now on SIMO, I sold a call spread 3 days ago (20/25 for 1.82 credit) and am currently down a tiny bit on it (15 bucks per contract about...). The IV expanded all to the heck on this one, too. When I sold the spread IV was pushing around 55 and now its 63. In 3 days...crazy.

So, that's all for my ideas right now. VIX is moving like gangbusters up over 12% today.

[TinGull]

SIMO is sittin pretty at 1.35 now, 47 cents profit so far on the trade per contract.

[TinGull]

Also sold a put spread on SPY and QQQQ into the close today.

Sold 150/149 Put Spread for credit of 22 cents. Be a 21% ROI after commissions. I sold on the higher volume hammer happening at support of lows of the day:



Sold 52/51 Put Spread on the Qs for a 26 cent credit. 27% ROI there.
Sold this on the hammer at the bottom of a triangle forming. Really nice pattern there.



If the opening futures action is any indication of tomorrows action....things will be good for these. Granted, they're NOV spreads and I sitll have a ways to go on them, but if I end up seeing 18-20% return on them I'll consider buying them back.

[Reaver]

	Quote:	TinGull
	Also sold a put spread on SPY and QQQQ into the close today. Sold 150/149 Put Spread for credit of 22 cents. Be a 21% ROI after commissions. I sold on the higher volume hammer happening at support of lows of the day: Sold 52/51 Put Spread on the Qs for a 26 cent credit. 27% ROI there. Sold this on the hammer at the bottom of a triangle forming. Really nice pattern there. If the opening futures action is any indication of tomorrows action....things will be good for these. Granted, they're NOV spreads and I sitll have a ways to go on them, but if I end up seeing 18-20% return on them I'll consider buying them back.

Nice move Tin!