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ShepWave.com NIce entry on ORCL Options Play today.
by ShepWave.com
Posted: 6/26/2006 23:14 EST

I was not expecting to get the options at the price we did today. The ORCL Options position for September that was entered today closed up over 15% by the end of the day. It is not too late to enter this trade. I expect the big move to come NEXT WEEK. That goes for the indexes also. This is the last week of the Quarter.. We 'could' get a big move this week.. I am just not planning on it. Friday is a key fibonacci day for the indexes. That could be the turning point.

ORCL Options trade up over 15% TODAY.

Below are the trades we took in May. We presented more opportunities in our updates for active traders.

June Trades will be posted later. JUNE is shaping up to be a more profitable month than May was.

Trades in May:

May 22

ShepWave exited our QQQQ JULY Options position� Sold at a price of $1.80. Profit of 100%

May 17

JULY DIA OPTIONS Sold for $1.00/share. Our average cost is $.875/Share. 14.8% profit.

May 12

ShepWave Exited 1/2 of Short QQQQ Position today at $40.36. Profit of $1.84

May 11

ShepWave closed out entire position of BRCM PUTS for JUNE.

Sold entire position for $3.00/share. Paid $1.50 /share. 100% profit in one week.

May 2

ShepWave exited the other 1/2 of our GOOG JUNE PUTS 430 strike.We sold this second half for $38.40. That is a 113% profit

May 1

ShepWave is closing out 1/2 of our position for GOOGLE June PUTS. Strike 430. 74.4% profit.

Current positions are doing very well.

For today's trade entry details and the other positions open at this time go to www.shepwave.com

Click the image below to sign up for CLUB EWI.. This is a FREE service from Elliott Wave International. ShepWave has an affiliate relationship the EWI.

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Reference: Shepwave.com is a technical analysis site for the Major U.S. stock indexes. We use Elliott Wave theory along with our proprietary indicators to give analysis for the Dow Industrials, Nadaq 100 and S&P 500 indexes. We specialize in trading the QQQ and DIA.

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