OptionPundit

Category: Intraday Trading

  • Looking for Pinning opportunities?

    Looking for stock pinning opportunities? Check out 6 interesting play contributed by OP contibutor Chiu on OP Discussion forum. Thanks Chiu.

    Profitable trading, OptionPundit

     

  • Is Goldman Sachs (GS) ready?

    GS is looking bearish. Key support area seems $225 followed by $220. If those two are taken out, $210 will another area to watch out. I am tempted to get in below $225 as the volume today is high and there are few more hours to go. It may be pinned around 220 tomorrow so interesting stuff will happen from Monday. In any case, an opportunity worth looking at.

    gs-chart-june-14-2007.pngNeedless to say, no naked. This is a directional speculative trade, and I always prefer hedged and hence even if I open a bearish spread, that’s going to be via spread.

    Discuss it here at the forum.

    Profitable trading, OptionPundit

  • MAR : Closed profit 140%

    mar-june-4-2007.pngOP regsitered users got this alert y’day. I closed it fairly quickly to pocket 140% gains in few hrs. I have some more opened.

    Profitable trading, OP

  • SHLD – Quick 41% Profit

    shld-may-31-2007.png This one I mentioned on the OP Forum y’day after it announced earnings. It was down about $4-$5 when I picked it up. Decided to close for above 40% profit. Originally I had an income trade as well for OPN subscribers that resulted in 14% profit.

  • FWLT Closed Profit 42%

    FWLT I mentioned this y’day here. Closed the positions that I bot yesterday for a quick 42% profit. Congrats those who benefitted from the this move in FWLT.

  • FWLT for a break out set-up

    There are clear benefits of being in a good sector, that even though the broad market is lower, good sectors perform well. I had highlighted FWLT earlier. Also when it was about to break-out above $103 today, I sent an alert to registered OP users.

    fwlt-break-out-may-30.pngI had originally scanned FWLT for an income trade for the OPNewsletter but it turns out to be gaining too quickly which was not good for this perticular income strategy so converted it into a breakout play instead. However, it has pulled back over$1.5 since the intra-day high so far.

    Discuss here

    Profitable trading, OptionPundit