Well, I missed the close today and wanted to be back about an hour before, but it just wasn't meant to be. But I will be looking at the following before the bell, and depending on what pre-market action is there should be several plays from this list. A few of them aren't quite ready by my charts, but the market conditions Monday may make them do their thing early or make some of these better buys at a better strike price. All of these will be looked at for the Feb16 expiration.
AFL 77 CALL
CHRW 75 CALL
CLX 155 PUT
COR 230 PUT
DGX 125 CALL
GRMN 120/125 CALL
KLIC 47 CALL
SKX 57.5 CALL
SQM 42.5 CALL
UPS 143 CALL
There are a few more out there, but they are what I would consider too expensive. I like options less than $2 if possible, and really like them less than $1. I normally go with a minimum or 25 contracts, and normally 25, so over $2000 is more than I like to spend. If I'm gonna spend $2000+ I want 50+ contracts (maybe even 100). Those cheap ones are great, because at 100 contracts, every $0.10 move in the option price is $1000 profit, and there is nothing sweeter than to have 100-300 contracts and the option moves up over $1!! I've never minded paying short term capital gains tax because that always meant I was making money!
Anyway, we will see what next week holds for the stocks above. there is money to be made in them, you just have to peer through the fog to see which ones.
AFL 77 CALL
CHRW 75 CALL
CLX 155 PUT
COR 230 PUT
DGX 125 CALL
GRMN 120/125 CALL
KLIC 47 CALL
SKX 57.5 CALL
SQM 42.5 CALL
UPS 143 CALL
There are a few more out there, but they are what I would consider too expensive. I like options less than $2 if possible, and really like them less than $1. I normally go with a minimum or 25 contracts, and normally 25, so over $2000 is more than I like to spend. If I'm gonna spend $2000+ I want 50+ contracts (maybe even 100). Those cheap ones are great, because at 100 contracts, every $0.10 move in the option price is $1000 profit, and there is nothing sweeter than to have 100-300 contracts and the option moves up over $1!! I've never minded paying short term capital gains tax because that always meant I was making money!
Anyway, we will see what next week holds for the stocks above. there is money to be made in them, you just have to peer through the fog to see which ones.