Setup for 6-Sep-13 $USO

With a bunch of economic events being release before the bell rings, it is tough to lock in a definite setup for tomorrow.  That being said, I am looking at the best way to play oil even after it has had a bullish last couple of weeks.  I think oil will continue to increase but would also like to make some money if it takes a couple of weeks to figure out where it is going.  I will be looking to use a diagonal spread on USO.  With the IV almost the same across Sep 2 weeklies and Oct monthlies I will be able to buy the farther out month and not have to pay up for it while collecting front month premium.  Please follow @GreedyOptions to find out if I get filled on the trade.

The Trade - Buy 38.5/39.5 Oct/Sep2 Diagonal

Setup for 5-Sep-13 $CMG

Chipotle Mexican Grill - Tomorrow I will be looking at CMG as a bullish play.  With the daily squeeze looking to fire long and support at $401 I will be looking to sell put premium.  A move closer to the trend line will be a great spot for me to enter the trade.

The Trade - Sell the 400/395 PCS

Welcome To Greedy Options

Hi and welcome to Greedy Options.  As an option trader, I have been approached many times to answer questions about trading and investing.  Most of the inquiries are people who want to take control of their money and invest for themselves, others are already investing but want to know a more effective way to grow their portfolios and some just have questions about what exactly I do as a trader.  Out of these interactions Greedy Options was born.  With years of real trade and money management experience, I will provide daily market insight and accounts of trading pitfalls and triumphs.  Along with this blog I have also created a forum www.greedyoptions.boards.net where I hope to build a community of new and experienced options traders where we as a community can answer many of those questions.   Greedy Options forum will be the place where all option traders can share strategies, brag about a big gains, get support and advice on current positions, and learn how to navigate through various trading platforms.  I am extremely excited about this endeavor as the interactions with others will surely strengthen everyone’s trading experiences.  Now let’s go make some money!