Tuesday, April 24, 2007

contingency plan...NYX...APA

aPRIL 24...2007...
this is what i might have to do with my APA puts.....
only in this case I have the MAY 80 put...and will just add to the MAY 80 PUT.....
IF APA...goes to $78....on earnings report....
I have $500 invested now.....
$78...APA...stock price ...makes the MAY 80..put = ..to about 2.40/$2.80....
I’ll have to buy 2 MAY 80 puts for 2.40/2.80....
and go for break even......or even...+$200.....TWO HUNDRED PROFIT...

Austin.... the back up ...plan.for......each contract position...can be turned into a profit...or money back.. by... matching previous funds......
I’ll have to enter into the next call down...in this case.....
NYX....MAY 80....if i see NYX...worst case possible....NYX.....hits....$78/$80.....
i should be able to pick up MAY..80 call...for 1.90/3.10/...= 78thru 81...
if MAY 80 call is ...at 1.90.....and.... NYX...at ....$78...STOCK PRICE..
..i’ll have to ...pick up two.(2)...may 80...calls.....at 1.90.....= $380......
or doubled down..with matching funds....equaling my original...investment of......3.40...may 85call....
Exit price on ALL call positions....will be when my board shows a small profit...at that time......I will exit ALL NYX...call positions.....and call it a day.....Zee....

Nasdaq: APA), ...EARNINGS REPORT....a leading independent oil and gas exploration and production company, will release its first-quarter 2007 results at 7:45 am Central Time ... on Thursday, April 26. The call will be webcast and
may be accessed at Apache's Web site at http://www.apachecorp.com .

http://news.google.com/news?hl=en&lr=&q=apa%20earnings%20time&btnG=Search&ie=UTF-8&oe=UTF-8&um=1&sa=N&tab=wn
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NYX....EARNINGS REPORT.....THURS...BMO....8 am....eastern...time.......

ZEE.....
HERE ARE A CONUNDRUM....of 30/50......buy signal....alert......ALERT...ALERT...copy and paste....link...into ...web address...

http://stockcharts.com/charts/candleglance.php?
ALB,ARW,CSL,DECK,IIVI,EW,EW,KCI,LII,LXKBB14

4 comments:

JakeGint said...

Zee- see my comment on Beannie's about laddering up losses... not what I've been taught.

Take 'em and suck it up...

zstock7.com said...

jake....
I AGREE...in principle....and will count it as a loss.....
However...on apa..going up to $78.......$78...that equals.... rsi 85..or 90...that's about the strongest short sell signal...ever.....

to..me it's just a better opportunity....than the original ....to get in...on a better situation.....
zee....
as far as NYX.....below the 200 day ...$82.....or even $80....rsi = 25....
I see RSI...25...on NYX....That’s a gift.....and i’m backing in the truck......
another story...on another call...position...
That day TM....hit RSI..25....did i panic on the TM call....i saw it as a gift....i didn’t buy more ...but i wish i had.....TM.call......went on to 240%....profit....
zee...
Thanks for the encouragement.....this might be a bitter pill to swallow...if things go sour...up...

Alok said...

zee what time period of RSi are you looking at?

zstock7.com said...

NYX..RSI 25 hasn't happened yet..and may not happen......and TM..rsi 25..happened on the day it dipped...this cycles low....i think less than 2 weeks ago...
zee
i keep pinging you at yahoo..IM..........from meebo....but you don't pick up.....maybe i'll try pinging.....you from...gmail....

EMAIL ME !!! anytime