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Larryconnors

Hedge stock trades call in NCM/ Put on ASX ( ASX50 stocks) Using strategies from Street smarts - two opposite set ups to hedge out market risk on June Options Call on NCM - this is a modified ' momentum pinball ' set up anticipating a correction back up to middle of range only after ABC correction ; at money June calls 400 shares worth Put on ASX - this is a new high then correction > 20 days High failure; called' Turtle Soup plus one ; looking for typical correction based on previous negative drives and take profit above previous support ( old Highs); at money Puts 100 shares worth only ( as hedged leg of trade 1 above - not a perfect hedge as missing 30 shares so skewed delta Positive market slightly ).
N
by Aussie-scalper
SHort / Put on JHX ( ASX200) - Turtle soup failure 20 day HiggThis is taking advantage of a Failure at new 20 day high, it beat 4 days ago, but has corrected quickly back in....shows weakness. I prefer Put options due to risk of false break out again at highs if pushes up one more time in next few days; I figure June expiry is enough time and only looking for a 4% correction obvious support $1.00 below or more... For $400 risk, I can profit about $250 after brokerage if works out. I bought 500 slightly out of money puts with a delta of 0.43 gives position size equivalent of $ 6800 worth.
ASX:JHXShort
by Aussie-scalper
Short WPL ( ASX) - Turtle Soup strategy by Larry Connors CFD short few days only on WPL, strategy based on book ' Street Smarts' by Larry Connors & Linda Bradford Raschke 1. Look for a new 20-day high 2. Must be greater than 4 days since previous high 3. Short sell order -a few cents below this old high as a break-back correction 4. Hold into close or next day only Place stop-loss just above new high of same day 5. Target should be sensible In this trade I shorted 400 shares
WShort
by Aussie-scalper
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