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OWENS CORNING SERIES B EXPIRIN Message Board

xquestor 512 posts  |  Last Activity: 4 hours ago Member since: Feb 19, 2008
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  • Reply to

    4/25/2014 MOP

    by xquestor 18 hours ago

    cautious;
    I think we have somebody playing in our sandbox, just baiting people into the call options. AAPL will be reporting and looking at the 60 min chart it seems like someone knows something. On a 60 min chart MU is overbought and has declining volume.

    XQ

    Sentiment: Hold

  • Reply to

    4/25/2014 MOP

    by xquestor 18 hours ago

    Using a 60 min chart the MU price has moved down and away from the upper BB and is now riding on the top of the 10 SMA. The 10 SMA is beginning to flatten out and I believe we will see a drop thru the 10 SMA. The 30 min chart using the same parameters is also
    interesting.
    XQ

    Sentiment: Hold

  • ADT is in a bottom formation. I am looking as selling the 2016 put options soon.

    XQ

    Sentiment: Hold

  • Reply to

    4/25/2014 MOP

    by xquestor 18 hours ago

    Watch the 60 min. chart with 10 and 35 SMA plus Bollinger bands, MACD and RSI.

    XQ

    Sentiment: Hold

  • Reply to

    May 2 now 24 OP

    by infotrader06836 9 hours ago

    info:
    Thanks. Looks like the MM's want to up the ante.

    XQ

    Sentiment: Hold

  • It looks like that $23 is the number if it does not change by Friday. Massive numbers of calls have been sold forward at elevated prices and massive numbers of puts have been devalued and bought back or sold. If MOP is to work the price of MU should pull back below $23. After looking at both the charts and options; I
    believe we could see a pullback to $22.50 area. JMHO

    XQ

    Sentiment: Hold

  • Reply to

    DIVERSITY

    by xquestor Apr 17, 2014 4:10 PM
    xquestor xquestor 18 hours ago Flag

    l also use the Bollinger bands.

    XQ

    Sentiment: Hold

  • Reply to

    DIVERSITY

    by xquestor Apr 17, 2014 4:10 PM
    xquestor xquestor 18 hours ago Flag

    confident;
    Try using a 10 and 35 MA. Much better then a 50 /200. The 10 /35 brings so much clarity to a stock chart. I toyed around with MA's years ago trying to find an early warning system and actually took many charts and applied different MA's until I found the two that worked the best.

    XQ

    Sentiment: Hold

  • Reply to

    DIVERSITY

    by xquestor Apr 17, 2014 4:10 PM
    xquestor xquestor 18 hours ago Flag

    confident;
    There is no doubt that BX is a good stock........BUT: I have my reservations.
    1. 6-18-07 it started trading at $38 and dropped from there.
    2. 6-25-07 it put in a top at $35.77
    3. 3-11-14 it put in a double top at $35.38 and has been in a downtrend from there. The chart is showing lower lows and lower highs. So it looks like we have a confirmed top.
    4. OP is currently lower then the stock price and is also
    declining. 4/25 31 5/2 32 5-9 30.50 5/17 32 5/23 31
    5/30 30.50 6/21 30 9/21 30 1/17/15 30 1/15/16 30
    The price of the stock is above the MOP price. The MM's are baiting people into buying the call options.
    (Just like MU & SNDK)
    5. We only want to sell puts at confirmed bottoms and not at tops. We also want to have a measure of safety built into the trade; like we did with SDRL .
    6. I have had BX on my watch list for some time; both to buy and to sell puts on. I always trust my own instinct and it is telling me to wait and be patient. You did good by bringing it out! we just need to watch and wait.

    SNDK; In March 2000 SNDK put in a high at $84.81 and in just the last 2 1/2 weeks SNDK has put in another double top at that level. When looking for trades you have to leave no stone unturned.

    XQ

    Sentiment: Hold

  • Reply to

    DIVERSITY

    by xquestor Apr 17, 2014 4:10 PM
    xquestor xquestor 23 hours ago Flag

    confident;
    Someone had what is called ALL or NONE order in. Those AON orders are hid. They are there waiting to be matched up to an exact sell order. Now you just sit back and wait. Time devalues and stock price increases devalue these options.

    XQ

    Sentiment: Hold

  • Reply to

    DIVERSITY

    by xquestor Apr 17, 2014 4:10 PM
    xquestor xquestor Apr 22, 2014 6:01 PM Flag

    confident;
    I noticed that the ask was jumped to $1.50. That often happens after the market. Just some trader hoping someone is desperate to buy
    protection.

    XQ

    Sentiment: Hold

  • Reply to

    DIVERSITY

    by xquestor Apr 17, 2014 4:10 PM
    xquestor xquestor Apr 22, 2014 1:38 PM Flag

    confident;
    I see your 3 on Scottrade. If the stock price slips a little it could fill.

    XQ

    Sentiment: Hold

  • Reply to

    DIVERSITY

    by xquestor Apr 17, 2014 4:10 PM
    xquestor xquestor Apr 22, 2014 1:36 PM Flag

    confident;
    you might want to try $1.35 and wait about 30 min and if that does not fill try $1.30. Most of the time there are hidden bids that most cannot see.

    XQ

    Sentiment: Hold

  • Reply to

    DIVERSITY

    by xquestor Apr 17, 2014 4:10 PM
    xquestor xquestor Apr 22, 2014 12:24 PM Flag

    confident;
    So did you do any put options on SDRL?

    XQ

    Sentiment: Hold

  • Reply to

    Did MOP for this week change again?

    by jerryleebear Apr 21, 2014 5:17 PM
    xquestor xquestor Apr 21, 2014 10:40 PM Flag

    jerry & daejna;

    I have been traveling today and just now had the chance to respond. The MOP number is still at 22; but I am not sure that this is an updated number. Really need to check early in the morning US time. MU has had 2 gap up days in a row and is near the prior high of $25.68. Looks like a lot of call options being sold for Friday and for May17 and forward. Also looks like a lot of puts are being bought back for all months. MM's back at work? I think so.

    XQ

    Sentiment: Hold

  • xquestor xquestor Apr 21, 2014 1:21 PM Flag

    buylow;
    What good is old information?

    XQ

    Sentiment: Hold

  • Reply to

    target raised to 50 at

    by infotrader06836 Apr 21, 2014 7:50 AM
    xquestor xquestor Apr 21, 2014 10:30 AM Flag

    Jerry;

    Not sure. The previous high is at $25.68. With the options expiration winding down, traders are unwinding the positions they find themselves in.

    XQ

    Sentiment: Hold

  • xquestor xquestor Apr 21, 2014 10:21 AM Flag

    buylow;
    No, I don't. If the option is still trading i believe that the Max pain site may have that

    XQ.

    Sentiment: Hold

  • It looks like a lot of people are bringing this subject up as fact. It is not actually fact and it can be disproved by pulling up a monthly bar chart for 24 years. In fact, the first major downtrend started Jan 2000 and lasted 32 months. The next and largest drop started November 2007 and lasted 16 months and the most recent started May 2011 and lasted 5 months. Within the 24 year chart are other smaller downtrends that occurred in
    various months.

    XQ

    Sentiment: Hold

  • Reply to

    April 25 Max Pain is now 22, up from 21.

    by infotrader06836 Apr 17, 2014 11:47 PM
    xquestor xquestor Apr 20, 2014 9:56 PM Flag

    jerry;
    I have been thinking about your situation. Most of the time the MOP number is accurate. At the moment it stands at 22 for this week and next. I believe that the report from SNDK really skewed the price of both stocks. MU's stock price gaped up and normally that will be back filled at some time. I am looking at a 15 min. chart and from 2:28 pm till close, MU traded in a very narrow sideways range of about $0.15. It sort of appears that MU ran out of steam to move higher. The chart also shows that MU appears to be overbought at this level. There are a lot of call contracts below the closing price $ 23.91 that are in the money and will be called by the contract holders and should be sold on the open market. There are a lot of puts above the close that also will be put to the sellers of those contracts and may be held for sale at higher prices. In all I believe that there is a good chance that the MU price could drop. I hope this helps. JMHO

    XQ

    Sentiment: Hold

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