HPQ for the downside

[wallstreetsedge]

i think we see HPQ cough up $1-2 over the next 2 days.. if you pick up the HPQ PW, i think you could make 20-30% easily.. i picked up about 100 contracts today

[zozozo333]

Originally Posted by wallstreetsedge

i think we see HPQ cough up $1-2 over the next 2 days.. if you pick up the HPQ PW, i think you could make 20-30% easily.. i picked up about 100 contracts today

PW? sorry, I don't know all the terms yet

[BetonBeer]

Originally Posted by wallstreetsedge

i think we see HPQ cough up $1-2 over the next 2 days.. if you pick up the HPQ PW, i think you could make 20-30% easily.. i picked up about 100 contracts today

That's a big bet, although I agree that there will probably be some profit taking in the next couple of days. Why did you buy the April puts instead of the March puts?? Just curious cause you said you don't hold on to contracts/stocks very long.

Originally Posted by zozozo333

PW? sorry, I don't know all the terms yet

+HPQPW is the symbol for the April 47.50 puts

[zozozo333]

Originally Posted by BetonBeer

That's a big bet, although I agree that there will probably be some profit taking in the next couple of days. Why did you buy the April puts instead of the March puts?? Just curious cause you said you don't hold on to contracts/stocks very long.




+HPQPW is the symbol for the April 47.50 puts

Haha...duh... If I knew I was in the options forum I might have thought of that eventually!

[wallstreetsedge]

Originally Posted by BetonBeer

That's a big bet, although I agree that there will probably be some profit taking in the next couple of days. Why did you buy the April puts instead of the March puts?? Just curious cause you said you don't hold on to contracts/stocks very long.




+HPQPW is the symbol for the April 47.50 puts

the iv was much lower vs the march

[wallstreetsedge]

rsi shows its going to break down.. if i see another 2%+ down tomorrow, ill probably pull out of my puts and justt take profits

[wallstreetsedge]

for a minute, technicals on hpq looked like they changed but it confirmed for a pullback. probably sticking to it for another 2-3 days before pulling the trigger

[big_bear_yeah]

wow.......

[netwrangler]

Originally Posted by wallstreetsedge

rsi shows its going to break down.. if i see another 2%+ down tomorrow, ill probably pull out of my puts and justt take profits

Originally Posted by wallstreetsedge

for a minute, technicals on hpq looked like they changed but it confirmed for a pullback. probably sticking to it for another 2-3 days before pulling the trigger

Originally Posted by big_bear_yeah

wow.......

Well, actually, HPQ went up today.
It bounced around 48.22, which was the R2 level of the Pivot Point calculation that I use.
That's a pretty good gain on any given day.

So, will HPQ go down? Of course, eventually, although it remains to be seen from where.

Was WSE's "break down" a good call? Well, no, it wasn't.

So what was the BigBear saying "Wow...." about? We may never know.

I love the OTF.

[wallstreetsedge]

i got a bit nervous on friday and sold out all of my hpq pw for a surprising win.. avg sale price was about 2.8 which isnt a huge gain considering my cost avg was somewhere around 2.6