11-13-2013, 04:34 PM
(11-13-2013, 03:43 PM)TomK Wrote: What site do you use to check those out? I'm not sure I've seen delta listed at places like yahoo.
I could see this approach making sense if the stock is near the edge of its range for what seems to be a temporary reason, such as if a great stock has a bad quarter or something. But where the market generally is moving upwards consistently, then many great stocks will be moving along with it and it would seem a much riskier bet that it would revert to its average. What do you think?
Thanks!
I use Think or Swim for the options and my directional bias is based on where the stock is in its dividend yield range.
This past 2 weeks I have been long: MCD, IBM, TGT and CVX, still in MCD (+15%) the others have been closed for 21%+@
Shorts are: ADM, BA, NKE, TJX, none are in the green yet.