You might be an Options Geek if…
Yes you too might be an options geek if…….- you have ever woken up to see stock charts floating in the air.
- you suddenly realize that you have been preoccupied with drawing support and resistance in the landscape instead of driving.
- you refer to a company by the symbol rather than the common name during multiple conversations.
- your friends were excited to come to your house for a “back-testing” party
- you are thrilled when the market opens. Regardless of which way it moves.
- you saw a commercial for head and shoulders and instantly thought Ooooo if it breaks the neckline I’m buying PUTS!!!
- you and your trading friends have ever referred to a theme park slide as breaking support with 3 red arrows and high volume.
- you go to sleep in your bed and wake up at your computer ready to trade.
- you’ve missed more than one meal because you were watching a trade due to an expected news event.
- you have eaten a meal (or more) on a tablecloth of Corporate Snapshots, Prophet Chart and option chain printouts.
- you have referred to a family event as having a historically high implied volatility.
- your trading partners are not thrilled with your Naked LEAP returning 110% per year on minimal risk, because they accept no less than 10+% per month on their portfolios
- you refer to the probability something will happen in terms of delta (You want to go out for drinks after work? Delta of .80 means highly probable) (thanks to the TOS guys for this one!)
You might be an Options Momma if:
- you’ve been able to describe your pending child birth using technical
analysis
[i.e. Late August 2006: Last week on sideways trending LCBB (L.C's
Baby): Thursday we almost had an entry signal. MACD turning up and
STOCH flattening. However We did not see the desired amount of volume
to enter. Friday the volume was even lower and momentum seemed to have
stalled. MACD and Stoch are still flat to upturning. We are currently
at a critical resistance point and stuck in a 10 min Channel. Once we
have the volume to break out of this pattern the results will most
likely be explosive and a 2 for 1 split is eminent. We will see some
type of breakout by Thursday of next week.
-you are really an options trader if your friends respond likewise:
"Sounds like your ROE (Return on Energy) is low, but about to pay off!!"
- Curt Z. "9 months ago, Liahna bought the LCBB Puts. Now, close to
expiration, volatility is extremely high, and it looks as if it is going
to expire ITM and she is going be assigned, and have LCBB Put to her.
Once assigned, she will have to hold LCBB for at least 18 years." -
Chris B. "The only problem with LCBB is that I think the trading would be based
more on emotion than on the technicals. And I can't see any way to set
a stop." Keith C.
My response was that I'm investing long term in LCBB using the B&H
strategy (Birth and Hold).]
From other trading momma’s:
-You hear your baby say “dada” and you thought she said “delta”
-Volatility refers to her upcoming temper tantrum
-When you hear about yet ANOTHER toy recall your first thought is check the charts opportunities to buying puts or worse selling calls.
-When she[your child] asks you: “UP?” … You think of your portfolio!
-You tell your kids to be quiet because you need to place a all and they keep waiting for you to pick up the phone.
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