Archive for January, 2009

• Hey! Members Video Open to Stocktwits Users
  stevenplace, January 26th, 2009 at 7:43 am, Comments: 0

  A lot of my really good trade ideas come out of the stocktwits community, and I’d like to give back. For this week only, I’m releasing the members video free of charge to any stocktwits members. Here’s what you have to do:
  1. Log into stocktwits or your twitter service.
  2. Follow me on stocktwits. My handle [...]

• 

  IWO Members Video: Week of Jan 25th
  stevenplace, January 26th, 2009 at 7:30 am, Comments: 0

  IWO Members Video 1-25-2009 from Steven Place on Vimeo.
  To view it go to the member’s forum and click the newest week’s topic. The password to the video should be located on the first post, as well as the notes and trade ideas for the week.
  If you aren’t a member but would like to have access [...]

• Guess Who’s the New BAC CEO?
  stevenplace, January 22nd, 2009 at 1:27 pm, Comments: 0

  Much to upsidetrader’s chagrin, Bank of America has hired on this guy:

  I guess that means it’s time to rally.

• NFLX Technical Analysis and Trade Ideas
  stevenplace, January 22nd, 2009 at 7:30 am, Comments: 0

  I’m seeing a pretty good ascending triangle open up short term on NFLX. This is a continuation pattern and if it breaks, it should break above that resistance at 33.

  That 33 area does have some serious resistance in the long term, however:

  So what sort of plays can we look at? The best bet I think [...]

• The AAPL Earnings Short Straddle [Follow Up]
  stevenplace, January 22nd, 2009 at 7:13 am, Comments: 0

  AAPL announced yesterday, and they beat market expectations. At the time of this writing the stock was up to 89.50, and 8% move premarket. It seems like the gamblers to the long side got a pretty good payday.
  But what would have been a good options strategy?
  Novice option traders would probably be playing directional plays, buying [...]

• Yes, I’m Still Long DIG
  stevenplace, January 21st, 2009 at 3:09 pm, Comments: 0

  The play is still on technically. Until I’m proven otherwise, this is the trade. The play I’ve got on is a 24/26 put credit spread, and it’s up 22% on risk, and I expect much more to the upside. This sucker’s going in an iron condor if we get a run up to 33-ish.

• 

  IWO Members Video for Jan 19
  stevenplace, January 19th, 2009 at 7:20 pm, Comments: 0

  IWO Members Video 11-18-2009 from Steven Place on Vimeo.
  To view it go to the member’s forum and click the newest week’s topic. The password to the video should be located on the first post of the week, as well as the notes and trade ideas.
  If the video is too blurry, email me and I will [...]

• 

  AAPL Trade Idea #3: An AAPL LEAP Calendar Spread
  stevenplace, January 16th, 2009 at 1:05 pm, Comments: 0

  Here’s the final installment in my omg-steve-jobs-is-dying-noone-will-buy-iphones trade. These are bullish contrarian plays so you need to manage risk accordingly. This final strategy is a little more risky and requires some better stock timing. I’m highlighting the overall strategy, so although there are specific price points they may not be the best entries or exits.
  Buy [...]

• AAPL Trade Idea #2: Selling a Bullish AAPL Straddle
  stevenplace, January 15th, 2009 at 2:06 pm, Comments: 0

  This is trade 2/3 on AAPL that I’m going to give out. This one is catered to a much longer timeframe so you should consider this trade in AAPL more of an investment than a trade. There is much downside delta risk but it’s similar to stock. Here’s the trade:
  Sell AAPL Jan 10 120 Straddle [...]

• Why I Got in a DIG Vertical Spread
  stevenplace, January 15th, 2009 at 1:56 pm, Comments: 0

  Here’s what I called out on stocktwits the other day:

  I was basing this purely on techincal analysis. Here’s what I saw in the chart:

  I knew that at that price odds were in favor of more demand coming in at that price. Now instead of picking up straight calls or stock, I chose selling verticals because:

  The [...]