Option gurus?

[chazutx]

So what are you option guru's picking out there as of late? I'm looking to get into trading some soon.

[momoney]

I'm no options guru, but I'm thinking about some April to June puts on GOOG and CMG.

[vthokienj]

I like puts on Best Buy (BBY). Havent figured out which one to get exactly but either the June 50 for 2.00 or March 53.375 for 1.25. Maybe both.

[xboilermaker]

You might be interested in the option strategist newsletter. It seems to be a conservative way to play options, and is a new feature (free) at icecoldstocks.net.

[jacobnbr1]

i am on the sideline from option trading until i can figure out what is going on in the markets, it is a true volitale time and good opertunity is there but you need to be able to predict what may lie ahead. when support areas quit holding, think cash and think sidelines...

[madcowdisease]

I'm not in to options though I feel I understand them just fine, but i'll throw my two cents in if you don't mind. IMO this market is forming a top. It doesn't seem this rally from under 11,000 a week ago to nearly 11,200 is based on anything. The Fed will keep tightening b/c oil is not going to go down. Sure it might go down in the short-term, March-May, but wait for the Summer vacation and driving season and imagine if we get a hurricane or two (or 29) oil will be right back up. Oh, and lest we forget Iran. They could say anything, anytime that will cause a 10% jump in a few days in the cost of crude.

But that's long term. Let's talk about right now. We have an inverted yield curve all the way out. Typically a recession is to follow. And even if it doesn't talks of one will and that will be enough to make some people pull their money out.

What i'm gettng at is that if you'e going to buy options I'd be buying puts and not calls. Just don't short the oils, they're going up.

G'luck.

[stockbroker]

I'm not in to options though I feel I understand them just fine, but i'll throw my two cents in if you don't mind. IMO this market is forming a top. It doesn't seem this rally from under 11,000 a week ago to nearly 11,200 is based on anything. The Fed will keep tightening b/c oil is not going to go down. Sure it might go down in the short-term, March-May, but wait for the Summer vacation and driving season and imagine if we get a hurricane or two (or 29) oil will be right back up. Oh, and lest we forget Iran. They could say anything, anytime that will cause a 10% jump in a few days in the cost of crude.

But that's long term. Let's talk about right now. We have an inverted yield curve all the way out. Typically a recession is to follow. And even if it doesn't talks of one will and that will be enough to make some people pull their money out.

What i'm gettng at is that if you'e going to buy options I'd be buying puts and not calls. Just don't short the oils, they're going up.

G'luck.

I believe you're talking about dow futures. ;)


I'm looking for a CSCO short. Within the next 1-2 months.

5

Strong resistance at $20.