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Started investing in the 90's, became a trader in the 2000's. Wrote the Options Weekly Newsletter focusing on finding stock trades that can be paired with options. The newsletter also focused on trading and option education. Read articles on:
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  • November 21st New 52 Week Highs & Lows 0 comments
    Nov 22, 2012 4:08 AM

    Here is a screen I like to run to give me a feel of where the market overall is.

    View the list - Click Here

    The parameters of the screen are: Stock Price: over $10, Market Cap: over $300mm, Optionable: Yes, Average Volume: Over 500K

    Why must the stock have options traded on it? Firstly because this is an options website, Secondly because I feel you can manage a position better with the ability to buy puts or sell calls to enhance my return.

    For November 21st : 31 stocks were hitting a new 52 week high and 10 stocks hit a new 52 week low.

    There is a theory of watching new highs versus new lows to determine if the market is getting overbought or over sold, we can get into that another time.


    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Themes: options
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