Momentum Trade
Today I purchased a January 2006 Titanium Metals $80 Call. I admit the stock is overbought but I only plan on holding the call for a short period of time.
Note: I am already long the common stock (TIE)
Note: I am already long the common stock (TIE)
posted by Big Ben at Thursday, December 08, 2005
2 Comments:
I am still holding Jan 80 Call. I logged onto my broker in the AM and saw that it was worth over $6.00. I should have just taken the profit, got greedy. There is still over a month until expiration, I am confident that TIE should see $75 next week.
pigpen01,
I have little investing experience (14 months) in general and especially with options (5-6 months). I was going to post about Wal-Mart Leaps in October but then Cramer mentioned it on his show and I passed. I liked the Wal-Mart 2007 $50 Calls back then. I am more bearish on WMT short term. I really haven't had a chance to look at option pricing recently. GOOG and CME always look interesting. Especially with GOOG now being added to the Nasdaq-100.
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