Option opportunity...

pietistic · 11-30-2005, 10:47 AM

RMBS PUT .BNQMW

Wait for RMBS to show weakness before entering it...

pietistic · 11-30-2005, 10:56 AM

I'm in a $2.20... very speculative play.

jacobnbr1 · 11-30-2005, 12:59 PM

i got in to work late and didnt see the post in time, the chart looks like a pull back is needed to fill a gap. i will watch closly for an entry point.

pietistic · 11-30-2005, 01:07 PM

jacob, what do you think about this extremely tight trading range MSFT has gotten itself into?

jacobnbr1 · 11-30-2005, 01:18 PM

i am not sure. muse has been doing the same thing. i would have to say news trumps technicals. it looks to me that is building a zone or a foundation, the only thing is, i think xbox360 takes it higher through christmas as "funniemental christmas hype" so i am just really waiting for a movement that says stay short or exit... it might be another appl you know? if it is another apple i am going long with a leap or till april....

jacobnbr1 · 12-01-2005, 02:53 PM

well pie? looks like we get burned for holding muse so long. and msft bucking us.

vthokienj · 12-01-2005, 03:11 PM

I bought some shares and sold the RMBS calls (.BNQAW) for Jan 06 - 17.50.
A lot of volatility built into the price, this is easy money.

pietistic · 12-01-2005, 05:28 PM

MUSE is definately a wash, I've wrote that off as a complete loss. We should have take the 30% prior to earnings being released. We were pigs and got what we deserved.

Don't give up on MSFT. Fell on heavy volume late in the day after it bumped it's head on the 28.08 resistance. In addition, a block of 5 mln shares went off after hours @ $27.89. I think we just needed to break out of that resistance to increase our option value and now watch the fall.

I doubled up on my RMBS PUTS. I'm a little skeptical because I haven't been trading that well lately. Still up quite a bit but I hate losing trades.

jacobnbr1 · 12-07-2005, 10:04 AM

i see mr. msft got fined 32 mil by south korea watch dog? this should be good for da shorts i guess, never knew it was going on or there was a possibility of a fine. what about you piestetic???? you on vacation this week?

pietistic · 12-07-2005, 02:10 PM

I'm not on vacation, just busy. MSFT is looking good still. No idea why it's fighting the downward pressue so strongly, I would have thought it'd be down to atleast $27.25 by now.

11-30-2005, 10:47 AM	#1
pietistic valued contributor Join Date: Sep 2005 Posts: 280	Option opportunity... RMBS PUT .BNQMW Wait for RMBS to show weakness before entering it...

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11-30-2005, 10:56 AM	#2
pietistic valued contributor Join Date: Sep 2005 Posts: 280	I'm in a $2.20... very speculative play.

11-30-2005, 12:59 PM	#3
jacobnbr1 forum leader weekly challenge winner 3x Join Date: Aug 2005 Location: ohio Posts: 1,221	i got in to work late and didnt see the post in time, the chart looks like a pull back is needed to fill a gap. i will watch closly for an entry point.

11-30-2005, 01:07 PM	#4
pietistic valued contributor Join Date: Sep 2005 Posts: 280	jacob, what do you think about this extremely tight trading range MSFT has gotten itself into?

11-30-2005, 01:18 PM	#5
jacobnbr1 forum leader weekly challenge winner 3x Join Date: Aug 2005 Location: ohio Posts: 1,221	i am not sure. muse has been doing the same thing. i would have to say news trumps technicals. it looks to me that is building a zone or a foundation, the only thing is, i think xbox360 takes it higher through christmas as "funniemental christmas hype" so i am just really waiting for a movement that says stay short or exit... it might be another appl you know? if it is another apple i am going long with a leap or till april....

12-01-2005, 02:53 PM	#6
jacobnbr1 forum leader weekly challenge winner 3x Join Date: Aug 2005 Location: ohio Posts: 1,221	well pie? looks like we get burned for holding muse so long. and msft bucking us.

12-01-2005, 03:11 PM	#7
vthokienj valued contributor Join Date: Aug 2005 Location: NJ Posts: 88	I bought some shares and sold the RMBS calls (.BNQAW) for Jan 06 - 17.50. A lot of volatility built into the price, this is easy money.

12-01-2005, 05:28 PM	#8
pietistic valued contributor Join Date: Sep 2005 Posts: 280	MUSE is definately a wash, I've wrote that off as a complete loss. We should have take the 30% prior to earnings being released. We were pigs and got what we deserved. Don't give up on MSFT. Fell on heavy volume late in the day after it bumped it's head on the 28.08 resistance. In addition, a block of 5 mln shares went off after hours @ $27.89. I think we just needed to break out of that resistance to increase our option value and now watch the fall. I doubled up on my RMBS PUTS. I'm a little skeptical because I haven't been trading that well lately. Still up quite a bit but I hate losing trades.

12-07-2005, 10:04 AM	#9
jacobnbr1 forum leader weekly challenge winner 3x Join Date: Aug 2005 Location: ohio Posts: 1,221	i see mr. msft got fined 32 mil by south korea watch dog? this should be good for da shorts i guess, never knew it was going on or there was a possibility of a fine. what about you piestetic???? you on vacation this week?

12-07-2005, 02:10 PM	#10
pietistic valued contributor Join Date: Sep 2005 Posts: 280	I'm not on vacation, just busy. MSFT is looking good still. No idea why it's fighting the downward pressue so strongly, I would have thought it'd be down to atleast $27.25 by now.