SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Tech Stock Options
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: pigfarmer who wrote (50325)8/21/1998 11:10:00 PM
From: Lee Lichterman III  Read Replies (2) of 58727
 
Sorry for the delayed response. World events required some over time and then I had a RAM chip go out on the confuser (computer) so I was off-line for the last few days. (Missed some great OEX swings dang!!!)

To use the TICK in trades as another poster stated is not a science by any means however I find it priceless. First it can be used to alert you to buy and sell program trading by watching for sudden large changes. Second it can be observed like a normal chart for patterns indicating likely overall direction for the market since it is a compilation off all stocks on the exchange. When largely positive, you know that A.) a buy program is either on or everyone is bullish, B.) the index you are trading is likely going to continue up since most stocks are upticking at the current time.

It is not to be used alone however as you still need to watch the OEX, premium deteriorations etc. Often times though it does seem to change direction before the index reacts allowing you a few more seconds to get in or out of a trade and save those valuable 1/8s or 1/4s.

Basically just watch it and practice before you do it for real. As with any new trading method, paper trade it until you are comfortable with it. Quote.com chart is what I use for my reference then I watch the OEX on my other quote source.

Good luck

Lee
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News