October 2007 - Posts

• Bonus Trades: Tech and Biotech [Followup]

  Tuesday, October 30, 2007 3:55 AM

  If you caught our Bonus Trades post on Thursday night, you got some free picks that could have made you a very happy camper by Friday afternoon. Let's see how we did: CELG Nov 70 calls: in at $0.65, closed Friday at $1.00 for a one day gain of 53.8% CELG Nov 60/65 put vertical: sold at $1 Read More Posted by CondorOption 0 Comments Go to top

• Bonus Trades: Beaten-up Biotech and a Tech Pair

  Thursday, October 25, 2007 10:46 PM

  We saw some interesting movement in a few names today, and thought we'd suggest some possible ways to trade them. Click through to see trade ideas for: Celgene (CELG) Biogen (BIIB) Microsoft (MSFT) Apple (AAPL) and be sure to let us know if you make bank from our free picks! Read More Posted by CondorOption 0 Comments Go to top

• Oversold Markets and Fearful Traders

  Sunday, October 21, 2007 9:38 PM

  Weekends are for resetting our biases. In that spirit, here are some reasons the market may be short-term oversold - reasons to take a hard look at any short positions you have come Monday morning: 1. 2-day RSI levels : Dow at 0.090, SPX at 0.81, RUT at 0 Read More Posted by CondorOption 0 Comments Go to top

• Gamma, and the prudence of early exits

  Friday, October 19, 2007 10:50 PM

  Sure, markets fell a tad today. But to us, the "what" of market action is never as interesting as the "why," and given that today was options expiration, we can't help but think of one word: gamma . Adam posted some nice thoughts about gamma yesterday ( 1 , 2 ), and he even seems a little prescient with remarks like this: …another important point to note about gamma on Expiration Week is that it tends to feed on itself and keep a body in motion Read More Posted by CondorOption 0 Comments Go to top

• Why the Market Reversed Today

  Friday, October 12, 2007 4:09 AM

  The Dow was screaming towards 14,200 today, and several of our members were screaming in pain about the tension in our trades. At the end of the day, the Dow closed down 63 points, the cubes (QQQQ) are off 1.59%, and we're in a great position for Friday and the weekend Read More Posted by CondorOption 0 Comments Go to top

• October Portfolio Update

  Friday, October 05, 2007 1:04 AM

  Trading was light today ahead of the government employment report due out tomorrow. Overall, the recent rally seems to have stalled a bit, and the volume on some of the major indexes has been light enough that there is reason to look for a developing move back down Read More Posted by CondorOption 0 Comments Go to top

• What are you waiting for, volatility?

  Monday, October 01, 2007 7:20 AM

  Sometimes people tell us that trading iron condors is difficult. That’s just false. Trading an iron condor is just like buying a put or call, or buying or selling an equity, for that matter. Okay, it’s not just like those other things, but there’s a very important similarity: iron condors are “directional,” just like every other kind of trade in the universe Read More Posted by CondorOption 0 Comments Go to top

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The above content is provided for educational and informational purposes only, does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented in such content, and does not represent the opinions of Zecco or its employees.