Since I don't really feel comfortable playing the "DON'T PASS" line, I will set some traps if the following positions get pushed down to fill some gaps.
MA If price goes down to $174.50, the buy 10 contracts of MALLT Dec 200.
GRMN If price goes down to $84, buy 10 contracts of GQRLA Dec 90
AAPL If price goes down to $176, buy 10 contracts of APVLQ Dec 185
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2 comments:
Allan,
I don't really understand your entries. Your entries to the downside leave a lot of profits on the table, and though you get dollar for dollar more money to go ITM with your options, the sweet spot of options to optimize is slightly OTM, as long as the movement of the stock is quick enough to put you ITM.
On stocks like AAPL, GRMN, MA, they are fast enough to put you ITM. Your entries are at odd places from what I can see on the price chart and I follow and trade these stocks.
With AAPL, you're leaving $10 on the table.
How do you derive at your entries?
those prices are triggers. if price decreases and hits those prices, my calls will commence then.
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