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B Russ options trading

Discussion in 'Trade Journals' started by B Russ, Sep 27, 2017.

  1. fireopal

    fireopal Well-Known Member

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    It's a drug :D
     
    B Russ likes this.
  2. B Russ

    B Russ Active Member

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    Screen Shot 2018-05-16 at 9.44.17 PM.png AEO going to watch this for the next couple days. expecting it to get rejected, so i should probably buy calls. :eek: but seriously, i am trying to pay extra attention to the candle sticks coupled with the trends. i have a bad habit of going all in based on one or the other, but know they are all more powerful when used together. in the past, i would have thrown some puts on this, but am going to wait and see what develops in the coming days. i would like to see some signs of weakness in the pattern first.
    Screen Shot 2018-05-16 at 10.07.45 PM.png BJRI gapped and retraced. yesterday and today showing some indecisiveness. i need to go back and refresh candles, but i think a reversal pattern is developing.
    Screen Shot 2018-05-16 at 10.16.35 PM.png FDX setting up for a possible squeeze next week. I really like the triangles. Generally they have been the best breakout action for timeline predictability for me. Good options scalps when they finally pop. This one however, i wouldn't be surprised if it goes sideways till after earnings, which is 3 days after the June options expire. I will spend more time this weekend or tomorrow night, seeing if a good long straddle candidate for July or maybe even August contracts. i don't generally do straddles, but again....am trying to treat this more like a job and reduce risk.

    That is all i have for tonight. Not jumping on any of them yet, but will keep an extra watchful eye on BJRI tomorrow.
     
    T0rm3nted, bigbear0083 and fireopal like this.
  3. fireopal

    fireopal Well-Known Member

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    Adding FDX to watch list so thanks :)
     
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  4. bigbear0083

    bigbear0083 Content Manager
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    quick shout out to you Brian! 'tis so good seeing you back at it again man!
     
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  5. B Russ

    B Russ Active Member

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    Thanks bigbear. i do always appreciate the friendly support.

    Well now....barring any crazy movement tomorrow morning, i believe i am going to buy june puts on AEM. its been in a bit of a sideways trend for a couple yrs. dipped down well below the strike of $42 that i am eying for my puts. consolidating into a wedge and showed what i believe was a bearish engulfing pattern, i think it is? i guess technically its not a full engulfing, but very close...and happened near the projected breakout point, also at a time when gold is at new recent lows....looks like a great one to experiment with my knowledge of candlesticks with cheap contracts.
    Screen Shot 2018-05-17 at 10.49.42 PM.png
     
    T0rm3nted likes this.
  6. B Russ

    B Russ Active Member

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    Closed MTCH for small gain. Was worried about the sideways movement eating into the theta. Closed at $2.13.
    Avereged more into CAR. it took a hit friday and i picked up some more at same strike. 6-15 calls $44 strike @ $1.10
     
    #46 B Russ, May 21, 2018
    Last edited: May 21, 2018
    OldFart likes this.
  7. fireopal

    fireopal Well-Known Member

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