Have fun tomorrow...

Fun day today...

Looking forward to the 4th followed by my favorite two days of the week

Ranges for today are as follows:

AAPL $ .73, AMZN $ .40, BIDU $ .29, GOOG $ .81, NFLX $ .17, PCLN $ 1.35,
SPY $ .10, IWM $ .07, QQQ $ .05, /CL $ .16 (conservative), $ .08 (fast), /Tf $ .70, /ES $ 1.00

Oil breakout to much higer levels? If so, options on USO could be very profitable..

Have a great 4th

A very good day.

Look at my charts from yesterday and compare them to today's and you will see all the longer term triggers that fired!

I am holding 1/2 of my option positions over until Thursday in AAPL, GOOG, & PCLN. Sweet oil was very sweet today.

Have a great 4th.....

Great thread Viking1.

One question: When you day trade weekly options, are you subject to the pattern day trader rules for stocks, i.e. minimum $25K account?

mgtrader 

Great thread Viking1. One question: When you day trade weekly options, are you subject to the pattern day trader rules for stocks, i.e. minimum $25K account?

Yes.

After further review you may need the $ 25K, but check with your broker, as I have heard of traders just starting out being able to make simple buys of calls and puts and them being consider as cash plays.

Sorry but it has been a while since I have been there and thus I am not up on the rules or changes to those rules.

mgtrader 

Great thread Viking1. One question: When you day trade weekly options, are you subject to the pattern day trader rules for stocks, i.e. minimum $25K account?

Last two days of this week should be fun...

Ranges for Thursday:

AAPL $ .74, AMZN $ .38, BIDU $ .30, GOOG $ .86, NFLX $ .20, PCLN $ 1.38,
SPY $ .09, IWM $ .07, QQQ $ .05, /CL $ .16 (conservative), $ .08 (fast), /Tf $ .70, /ES $ 1.00