$EOG is dropping like a fly and our stock option puts are flying like birds! You know we moved right??? Our new home is www.onepickperweek.com See ya!
We’re now hosted properly at www.onepickperweek.com
Come see all the action you’ve been missing!
$NTES hit all new highs today. Our option play from a few weeks ago (posts are below) was a killer. Anyone who bought calls further into the future just made a small mint. Stay tuned for more.
New chart is $EOG
Pristine entry: 121.36 - 122.61
Target #1: 114.95
Target #2: 110.59
Target #3: 102.06
Now you’re thinking “what options should I look at???” The answer is “I have no idea!” Why? Simple - I don’t know your risk tolerance, account size or countless other factors that determine the answer to the above question. Now back to options…
Based on those targets, let’s look at some option ideas (based on Yahoo Finance last “ask” price)
April 115 puts - $1.38
April 110 puts - $0.49
April 105 puts - $0.21
May 115 puts - $3.80
May 110 puts - $2.27
May 105 puts - $1.33
There is a good number of April’s already trading and a decent amount of May’s.
Check out BAC from our post last week. There was a lot of weakness in the market last week and yet BAC is holding strong.Is that a triangle formation on the chart? Hmmm….
Check out some April call options:
$15’s are at .11;
$16’s are at .02;
$17’s are at .01
What happens to these if BAC fulfills any of the targets posted last week??? I think I know!
CP closed at $65.75, near the highs of the day! Check out the latest chart - this train looks like it’s leaving the station…
The trading ideas discussed here have helped many people make over 1,000% gains within a few short days. Try and find another blog with our record - if you do, please let us know - there’s probably an opportunity for us to work together.
That’s not why I’m updating the blog today. You see, making these types of gains is amazing and so let’s not forget to give back in times of need. With the current crisis going on in Japan, please visit the Red Cross http://www.redcross.org/en/ and donate some amount to assist in the relief efforts overseas.
Looking at the overall picture, I’m focusing on April calls for these two plays.
That doesn’t mean I won’t trade some for exppiry week next week; it just means that I will see what the charts say on a day to day basis for the March calls.
Check out the $CP and $BAC charts in the previous two posts.
Some options that I looked at include the following for BAC:
March 15’s (.10 close today),
March 16’s (.02 close) and
March 17’s (.01 close). Keep in mind that they expire a week from this Friday.
With that in mind, there are also the
April 15’s (.38)
April 16’s (.13)
April 17’s (.04)
Mar 65’s (1.65)
Mar 70’s (.20)
Mar 75’s (.08)
Apr 65’s ($1.75)
We noticed that some of the CP calls have limited contracts trading, which can affect liquidity, so do your due diligence, as always! Remember your risk tolerance!