is...trading
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So close on my BAC calls.... better luck next time. Have a good weekend everyone!
SPY looks like it's gonna try and break 200 again. If it does this is going to turn nasty. Good for me though:)
BAC 15 puts at .015!!
Still holding FCX and BAC calls. Coming down with the market!!
Should we sell the rip?
Tomorrow sometime would be nice :) In 16 weeklies this morning at .06
Bought a few BAC puts this morning at .04
You think so even with a market pullback?
USO 16.50's anyone?
Also loading heavy in BAC 16.50's - .01x.02 and this thing is gonna pop soon!
Looking to pick up AA 16.50's right here!!
CSCO still looks like it could be a good play :)
You mean 29?
Good trade!! The buy was yesterday though :) http://www.nasdaq.com/symbol/goog/option-chain/150123C00525000-goog-call
Good buying opportunities this morning!! BAC calls going to look very nice in several weeks!
MSFT a play for anyone today?? Looks like it's about to go higher.
BAC 15.50 weeklies at .08x.09
C looks like even better support. Options not in my price range really, but it still looks like a good risk/reward play. That is as long as the market does take a dive.
Purely technical. Looks like 15 area is holding as support. It will move quickly imo if it starts to move higher and the weeks out options will give me some time for it to move.
I am looking to pick up some 2-3 week out BAC options right here. What's everyone's thoughts???
I will be looking for shorts about Tues morning next week.
SLB 81's looking mighty tempting right now.
What has me concerned about this short term rebound is bigger stocks like APPL, TSLA, PCLN. Why are they not moving upwards?
I like the Jan 30 18's right here! - Might load up heavy before the end of the day!
Coming back down to earth now... May get another good run this afternoon.
81's going cheap here if this keeps moving today. Market bottoms here and we will see 81+
Gold making strides here!! We only needed 1 good catalyst for this market to come back to earth. We have had at least 3 already this year. If we get too many more it's gonna get ugly. The Swiss screwed us... we first screwed ourselves though.
UVXY puts should turn out nicely!
Buying 10 UVXY 25 Puts right now!! This market is headed higher!
I think all the Casino stocks are oversold... This is a good buying opportunity for most all of them imo.
Buying SLV 16.50 Jan 17 calls below .15 in the morning.
" unless a drastic movement is seen in the market that causes some type of collapse in the economy and then they start printing money again. Its hard to say but the effects of oil will be pretty bad if it goes down to 20-30 dollars a barrel. This will causes possible millions of jobs to be cut causing an unemployment spike."
Oil prices are going to have a much larger impact on our economy than people realize. Oil has dropped 50% in a matter of months. Funds and investors are writing off trillions in 2014. Where is all this money going to come from? It was put into the market by the FED and sucked back out basically overnight. It was the catalyst that needed to happen for the market to correct, if it corrects past a certain point though fear will take over imo. It was just a matter of time, we just didn't know how long it would take. The fear is back, watch the VIX
A few thoughts I found online:
Standard economic theory says that investors will flock to economies that are growing faster, and to do that, they need to buy the currency of that economy. - With the US economy slowing down, why would the dollar go up?
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The value/spot price of gold and our economy are inversely related. Our economy is based on currency which is fiat or “faith based” - meaning that it is worth only the value of the actual paper it is printed on. The stock market is a reflection of our American dollars at work to determine how we value our nation's businesses and corporations. As our country continues to struggle through the recession and our dollar begins to weaken - the stock market declines which causes investors to look for something else to put our trust in.
Enter gold...
Gold is recognized as the true standard of value across the globe. It is a standard for world wide exchange and has been since the dawn of time. It maintains it's value from one country to another and is not subject to the same systematic risk the stock market is.
So when we experience market decline, stocks and the dollar moves downward. They become less desirable. Gold then becomes more desirable and according to the law of supply and demand it's value increases as well.
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In times of less faith in currency, investors flood to commodities.
When there are high levels of national debt it makes sense for governments to let inflation rise, reducing the amount that they have to pay back to purchasers of government bonds.
This also diminishes the value of any savings that people may have. To counter this, investors purchase commodities. The theory being that their supply is scarce and so value is likely to remain the same.
It may sound alarmist but if worse comes to worse, and people lose faith in the currency of a country (which, bare in mind, is only backed by the guarantee of a solvent government) investors will always have the commodity, which people still need. It is therefore regarded as a safer investment in times of turmoil.
Gold is the defacto commodity as there is limited supply and, at one point global currencies were backed by gold (meaning £1/$1 etc was worth a certain quantity of gold). There is also a belief that if a currency was to collapse there would be a rush to return to the gold standard, which may spur some to invest in particularly tough times.
We may see a short time (3-6 months) of deflationary period, but I still think we are going to see hyper-inflation in the longer term. Our economy was build over the last 6 years on a VERY rocky foundation. It's almost as if everyone knows it and is waiting for the crash of all crashes to happen so they can say I told you so! Unfortunately when it happens, I don't think even those people will be glad it did.
I hate to be a gold bug, but investors are looking for somewhere to put there money...
Was that the bottom or a fake? Most of the charts I am looking at show much more downside coming still....
RUSS gap fill. Let's see if it bounces from here!
I'm watching the Mar 70's. They are still a little rich for my blood though. Will wait till they settle down a bit I think.
Looking to grab some 75 calls for March if RUSS gets below 39 today.
Longer term $75