Monday, June 28, 2010
I apologize for the lack of posts over the last year. However, I have recently found a new job (one of many) that I am particularly excited about, I will be teaching English (Conversational English as it is called) online to clients in South Korea, Japan, China and India live over the internet.
"As the sun goes down on one adventure, it will rise on another...so is life, each day I strive to learn something new and make new friends. This, my friends is what will get me up each morning with ambition and purpose." ~ Artist Unknown ~
Until next time, ask questions and trust yourself and remember this, nobody cares about your money more than you do!!!
In the words of my Father, "There is never a bad time to make a good investment."
and I would like to add, 'there is never a good time to make a bad investment.'
Do Your Due-Diligence.
Best in Trading, Coach Nuge
Tuesday, February 2, 2010
Now how to adjust a Protective Put into a Bull Put???
Here is how it looks in my account...
By selling a put at a higher strike than the put that was purchased on the 12th of January, making sure to sell it for more than the Long Put was bought I have created a credit spread or a bull put. And in this case a Bull Put Calendar Spread...
The Long Put BTO on the 12th of Jan. for $2.34 per share.
The Short Put STO on the 1st of Feb. received $3.00 credit.
Net Credit = $0.66 per share
(0.66 x 10 contracts = $660.00)
If RIMM stays above 65 buy February expiration, I will have a MAR 60 Long Put with no costs (FREE PROTECTION, until March)
For more indepth conversation about this and other situations like this, please contact me anytime at:
Tuesday, January 5, 2010
1. RSI is crossing below the 50 line (SELL)
2. EMA 5 is crossing below the EMA 20 (SELL)
3. MACD is crossing lower (SELL)
4. All of this with above average selling volume/pressure
Just thought I would let you know what I am thinking about RIMM's latest move down…
Let me know if you have any questions…
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