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  1. #1
    Administrator Martin Kay's Avatar

    Hot Tip from the Geek - SP500, EUR, YEN - Weekly Expire - 11-18/02/2013 !!!

    Hi guys,

    Michael is ready with his New Top Five Tips of the week!
    His article show the best opportunities in the market for this week. Check it out!

    Originally posted by Michael Hodges. For the whole article click here.

    S&P Making A Break For It

    S&P 500
    Call/Put = Call
    Expiration = monthly
    Entry = below 1520

    The S&P made the opening moves in a break to the upside last week. After consolidating over the previous 5 days the index moved above the 1515 level and held it into the close. Trading was volatile during the week but remained inside a tight range. This range has manifested into a potential flag/pennant and the break above 1515 on Friday supports my position. The underlying fundamentals of the U.S. market have not changed nor are they likely to in the near future. The FOMC expects the economy to remain stagnant for at least another year and so far there is no signs to the contrary.




    Dow Following In Footsteps Of Broader Market

    Dow Jones
    Call/Put = Call
    Entry = below 14,000
    Expiration = end of the month

    The Blue Chip Dow index is poised to follow in the footsteps of the broader market. The index is making what looks to me an even more obvious continuation signal than the S&P 500. The technical indicators on the weekly and daily charts are bullish, not something that I can trade against in good conscience. Upside projections for this move are between 750 and 1000 points.


    Euro In Correction

    Eur/USD
    Call/Put = Put
    Entry = above 1.3350
    Expiration = end of the week

    The Eur/USD trade corrected sharply last week after comments from Mario Draghi brought concern for weakness back into the market. On top of this the Eurozone has entered a period of political uncertainty that could end in a change of leadership in some of the most troubled countries. The comments and uncertainty brought the pair down to the short term moving average where it opened this week. Indicators are bearish and I think the talk from the G20 will have a bearish impact on short term exchange rates. I am trading the Eur/USD with puts this week with an entry above 1.3350.

  2. #2
    Specialist Member LesterK's Avatar
    Great ideas Michael! I wish you even greater success than last month when you achieved the incredible 27% ROI The SP500 and Dow are so high that I am afraid they will make an non pleasant surprise soon, but probably you are right and there is still room for the upside movement.

  3. #3
    Specialist Member marvel's Avatar
    Yea I am joining the LesterK in his greeting for you Michael! You are the first of the pro traders here who give us not only trading tips but also a full analysis of the results you achieved. Congratulation for your success!

  4. #4
    Junior Member
    Hi guys

    This can be the most stupid question but I have a doubt

    What is the diference when experts make their tips when they say

    END OF THE WEEK
    WEEKLY

    Thanks

  5. #5
    Master Member vinayakm's Avatar
    Quote Originally Posted by marvel View Post
    Yea I am joining the LesterK in his greeting for you Michael! You are the first of the pro traders here who give us not only trading tips but also a full analysis of the results you achieved. Congratulation for your success!
    Totally second that! Really appreciate it Michael!

    Quote Originally Posted by LesterK View Post
    Great ideas Michael! I wish you even greater success than last month when you achieved the incredible 27% ROI The SP500 and Dow are so high that I am afraid they will make an non pleasant surprise soon, but probably you are right and there is still room for the upside movement.
    Michael has been pretty much spot on with his binary trading picks this week. Its great having him here on the BOTS forum.

  6. #6
    Junior Member
    Hi guys

    This can be the most stupid question but I have a doubt

    What is the diference when experts make their tips when they say

    END OF THE WEEK
    WEEKLY

    Thanks

  7. #7
    Moderator Kolyo's Avatar
    Hi, esiconsum!
    Your question is realy good one! It is not stupid at all! There is really a small difference between the two statements. I think „end of the week/moonth” mean that the expiration of the option purchased should be exactely at the end of the current week or current month. If the statement is „weekly/monthly expiration” that mean that the option should be active one week or one month after the tips publishing. For exmple if today 13 Feb. There is a tip for a monthly expiry option. It will mean an option starting today and ending on 12 Feb next month. If the tip comment an option with end of the month expiry it mean that the option should expire at the end of this month i.e. 28. Feb and it will be a two week option in this case. This is my view on your question. If it is not absolutely right Michael could explain it in more details.

  8. #8
    Junior Member
    Quote Originally Posted by Kolyo View Post
    Hi, esiconsum!
    Your question is realy good one! It is not stupid at all! There is really a small difference between the two statements. I think „end of the week/moonth” mean that the expiration of the option purchased should be exactely at the end of the current week or current month. If the statement is „weekly/monthly expiration” that mean that the option should be active one week or one month after the tips publishing. For exmple if today 13 Feb. There is a tip for a monthly expiry option. It will mean an option starting today and ending on 12 Feb next month. If the tip comment an option with end of the month expiry it mean that the option should expire at the end of this month i.e. 28. Feb and it will be a two week option in this case. This is my view on your question. If it is not absolutely right Michael could explain it in more details.
    Thanks for your reply.. Sometimes the broker I use doe not have that option of ending after one week but only end of the week.... Sometimes the experts say weekly puts so in my opinion it means that they make several entries...

    Can the expert mean with weekly puts that he makes one end fo the week expiry and in next monday he makes another end of the week expiry?????
    Last edited by esiconsum; 02-13-2013 at 11:15 AM.

  9. #9
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by esiconsum View Post
    Hi guys

    This can be the most stupid question but I have a doubt

    What is the diference when experts make their tips when they say

    END OF THE WEEK
    WEEKLY

    Thanks
    Hey there, I trade on Anyoption and the expirations they list include "end of the week" and "end of the month". This means that an options bought today expires at the end of the current week or month. These are great for my style of trading which is based on daily charts and movements within the primary trend. I do have to be careful sometimes because an end of the month may only have 1 day left if it is the 29th or 30th.... Hope that helps!

  10. #10
    Legendry Member Michael Hodges's Avatar
    Quote Originally Posted by Kolyo View Post
    Hi, esiconsum!
    Your question is realy good one! It is not stupid at all! There is really a small difference between the two statements. I think „end of the week/moonth” mean that the expiration of the option purchased should be exactely at the end of the current week or current month. If the statement is „weekly/monthly expiration” that mean that the option should be active one week or one month after the tips publishing. For exmple if today 13 Feb. There is a tip for a monthly expiry option. It will mean an option starting today and ending on 12 Feb next month. If the tip comment an option with end of the month expiry it mean that the option should expire at the end of this month i.e. 28. Feb and it will be a two week option in this case. This is my view on your question. If it is not absolutely right Michael could explain it in more details.
    Kolyo, good answer but not completely accurate. Anyoptions expirations a for end of the week and end of the month. This means they expire at the end of the calender week or month. When I say end of the week or weekly I mean the same thing, I am buying a call with an expiration at the end of the week. I hope I haven't confused anyone, I will stick to end of week/end of month in the future. As of now I do not know of a platform that offers the ability to pick calls that end on a certain calendar date ....

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