Holding monthly JPM's that I am heavy in. Going to keep running today I think.

Yes, I won't hold all (since I have 300 contracts of 36s and 37s) but I'll hold most.

$JPM up 2% and climbing. Going to scale out of weeklies and keep my July monthlies.

$LVS up 1% pre-market for anyone holding those calls. Still have my $40 w lottos from yesterday.

Alright? You're not the only one with $JPM calls bud, July or otherwise.

$JPM rising on conference call

Well that's a much better price than what I got them at. I think it will be a moot point tomorrow. If we get a good report PLUS good China news I think this could be a 5+ bagger.

Good luck to those of you with $JPM calls tomorrow, I think we're in a good spot, especially if you were able to average down or get them really cheap at EOD.

I really just bought the calls because of the W that just formed @ 13.70ish (it only hit 13.80 but still). I think tomorrow could be red depending on China data, but this is a small play. I'm also protecting against my $JPM calls, though I think that will be green.

$VXX w 15 calls .06 x .07

In $VXX w 15 calls @ .04

How do you figure that? JPM's performance tomorrow depends almost solely on its earnings.

I like $VXX 15 w calls right now (obviously just lotto) @ .04, I also like $LNG 16 calls to continue momentum. Could easily gap up tomorrow and run with any help from the market.

$VXX has good support at 13.70 area. In $15 w calls @ .04, small position.

I actually saw it from scanning the underlying index options, I do this almost daily because some of the much larger trades are made on the underlying like $SPX instead of $SPY, or $VIX instead of $VXX, though they don't function in the same way obviously.

I agree.

100,000 ($28 million) $VIX October 26 contracts were bought today while 100,000 September puts were sold. Meaning whoever made that very large spread thinks the $VIX is going to climb in the next few months.

Bottoming on daily chart, overall market comeback and the fact that it is lagging that and has the propensity to do so before taking off. Read the historical intraday charts compared with $SPY and you'll see what I mean. Also, UPB is in it which can't hurt :P

No, I have 36 and 37 monthly calls as well. I am much heavier in the monthlies than weeklies in fact.

I think a straddle is a viable play here. GL!

One more trade before I go. In $LVS weekly 40 calls @ .18 lotto

Transferring to my Iphone for lunch time so I won't be responding as quickly to PMs and board replies. Talk to you guys in a little while

Yes, I'm long 36 and 37 monthly calls, as well as 36 weeklies.

I'm looking for an 7-8% move. 10% max I think but who knows.

$NFLX has been incredible for bears and bulls the last few days if timed correctly.

If this fills the gap to 40 by tomorrow I'm buying everyone drinks.

In case anyone wants to see the trade and check against the Time & Sales:

JPM Jul 12 36.00 Call $0.34 Limit Day BTO 200 Filled 07/12/2012 11:02:02

JPM Jul 12 37.00 Call $0.17 Limit Day BTO 100 Filled 07/12/2012 10:55:22

Note this is CST

$JPM still running even with market sitting even. 37 calls .19 x .21 from .17

36 calls .38 x .41 from .34

Yes. Extreme negative sentiment over the last two months, price action the last 2 days in both the underlying stock and options volume indicating something is up. Just from watching the strike price tape there is someone making a significant "gamble" on the calls being profitable tomorrow unless they trade out EOD which I don't see considering WHEN they were bought.

Atta boy, I like it, so much negative sentiment over the last two months and most of it is priced in now. Any surprise will pop at least $3.

Nice. I have a feeling something is up after watching this tape. 3500 calls snatched up on the 37 monthlies, big volume on the 35, 36 and 37s. Imp Vol will increase as day wears on too.

$JPM CALLS

Adding monthlies to my weeklies here. In $JPM July 36 calls @ .34 and July 37 calls @ .17

Impossible to ignore this volume. Highest call/put ratio in years on JPM.

I will be holding these overnight.

Just read it from stocktwits. You and I are on the same page today huh, lol.

$PCLN is going to go off the charts tomorrow. I'm calling 660 minimum, but I think it can hit 670 if history proves correct.

Yep, looks like you were in at the right time. If Qnexa gets denied $ARNA will probably pop to $12.50. It would be a surprise imo.

Haha, that's what I just posted about actually in regards to $ARNA's premiums. Could be speculation of selling on the run-up. I haven't watched the tape today on it. You getting some puts? VVUS premiums sky high.

Qnexa PDUFA coming, probably what is driving it.

In $PCLN 670 w calls @ .60 for the lottooooooooooo

Waiting to grab $PCLN calls... its coming.

Keeping this on watch..

Could be a hedge but its somewhat notable so I thought I'd post.