MatthewHaley
Trading Team Member

Hello Matt,

I've really appreciated your posts here. Where/what do you teach?

Best regards,
Clifford Rote

Looks like somebody is hijacking this site by selling viagra last week
and today I see ****o

John,

Can you post the question in a forum? I think this woudl be a great thing to discuss with others, Karl for example, might have very different ideas.

The simple answer is that I sell my short based on a MACD rollover and don't really care what the market thinks is fair. I take what I take. Since I am likely ridign it for protection on a reversal, even a little is a good thing.

Matt

matt, I was curious on etf's, or les expensive stocks what your criteria is for your shorts. Do you use a certain % of the long say 20-25% to make sure the rolls pay for the trade at the very least? I'm currently in AA with a jan 12.5 c and was considering selling a short in sep. The 14 is a little high on the delta 40, but gives you about .55. Not exactly following your rules of say -30 delta. The 15 c sells for .29 mid and has a delta of .-25. I paid 2.30 for the jan call. I was thinking that if you sell your shorts at around 25% of what you paid you would come close to not loosing much? Does this make sense or not? The short side management seems to be the hardest part of thie trade for a less expereinced trader. Thank you for your help. Your comments have improved my trading.

john scola
mizer@suscom-maine.net

Hi Matthew,

Could you take a look at this stock screening site.

http://www.finviz.com/screener.ashx?...1&ta=1&p=d&r=1

I am try to come up a way of determine my fundamental stature of a stock that whether I my posture should be bullish or bearish. I don't have access to Investool. Can you comment whether this screening tool is sufficient for that use?

Thanks very much,

Eric