+150% gains on call and put option practice plays in past 9 days
These practice trades stayed in the market longer then I wanted and they actually came out more positive then I imagined with this volatile up down down down market. The best performing in my opinion was my put option practice play on Sears Holding Company (SHLD). Historically the market does start coming up into November so in a way I wasn’t surprised at all to see plays start gaining support and basically up a few points of where I bought them at even with the market continuing going down. I definitely think our market is going down more for some stocks, but for others and the majority we are hitting major support bollinger band points. Usually this means the market is about to fall another big dump or retract and start moving up as I see on some charts like MVL.
I noticed SWN has 3 peaks in it’s downtrend and a big white support candle next to the last fallen peak. At $26 SWN seems like a steal, but sometimes bargain stocks are actually stocks still falling, but I think I will see SWN move back up to $30 again soon.
This entry was posted on October 17, 2008 by Paul. It was filed under trading stock options and was tagged with big profit, call and put option practice trades getting positive ga, economy blogger, good stock picks in bad markets, market blogger, MVL analyst, oct 08 crash, option trader, swn, what stocks to trade.