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EPIC short squeeze in the making.
With the yen down as much as it is i felt weary holding. Thugs love the carry trade. didnt want the loss to pile were im in the mindset of hoping for a return again and end up holding a bag.
gotcha cut my losses going to wait for this flurry to die out and get back in with closer strike. theta would destroy them if spy doest.
yeah man unload those calls good opt. Im debating on holding these puts or just waiting for new entry when the time comes. Im up on them but will be down at the open for sure, gap fill would break even.
bots will be on today. but are the bots evil now set to short algo?
NIRP=RIP to my puts i bought yesterday. OR i might just want to see how china reacts to the yen fiasco. They may depeg and say f u joboo i do it myself. I have till feb 19 x
anyone else brokerage plateform down? Fidelity, first time over a year this is happen surprised.
bout to bail on these jumped the gun thought she was gonna roll. waiting for next hourly candle to confirm.
opened some puts here. feb 19 182
agreed 100%
thanks. were you trying to point out something specific of concern with that play?
thankfully i dont think germans will allow the failure of DB. Prob why they bet like that. LB was shafted imo they didnt do anything different then the other players.
overall its in bear market however you get these rallies every once and awhile
leveraged etfs options.... Wallst/cboe is amazing sell derivatives of derivatives how leveraged do you need to be? lol.
I was surprised how liquid slv options are. I thought spreads would be terrible.
(mods, please delete. dup post
For a long play yes if not pretty close. Looking at march 18 call 13.50X
Actually looking to add SLV calls on the dip might be following its big brother.
HAHA thats right!
FWIW SPY is hanging on by a thread.
SPY prefers quiet when its on the bowl.
I have to agree this prez is all bout preserving his name.
My other thought and its purely speculative is that banks have it out for him,
Since his sig is on doddfrank bill. They can make sure he is remember by the biggest crash on wall st history.
The banks have already loaded free money to go short. Now they can make up for the lost revenue from all the tight regulation this bill imposed.
did you say blue horseshoe loves.....
i pivot down with a long bottom wick would be compelling on hourly.
BB on 60min is getting tight. Could be a sharp move coming up soon. temp OB on ss 60. Might roll
Putting in MACD crossover SS pointing up firm. You have a shot if the fed and far east fed jawbone dovishly the next two days.
Good Trade those cons are up looking nice. FWIW slv short term buy signal would confirm on a close as is. 7/20/50 Crossover bullish on the daily.
Excellent article discribing the carry trade that i have been touting about. Read the whole thing very juicy stuff here folks. BOJ has more power then you all think. They dont have to raise interest rates to cause a death spiral in eqd they can do that by not changing policy. Caugh caugh dec18 2015 start of the ending?
http://www.forbes.com/sites/investor/2014/09/04/carry-trade-the-multi-trillion-dollar-hidden-market/#32284572761c
Conclusion: The carry trade causes a rising U.S. dollar, rising U.S. bond prices, rising U.S. stocks, and deflation in commodity prices. Of course, an unwinding of the carry trade will cause the opposite.
The soaring dollar and strong U.S. Treasury market confirm that the carry trade is alive and well. If and when the Bank of Japan hikes interest rates in order to combat rising inflation, the carry trade will unwind, perhaps ferociously. So, watch the BOJ.
The massive money creation of the major central banks and their “ZIRP” policy (zero interest rate policy) has created such huge financial speculation using other methods as well, making big speculators very rich. And that includes the large trading operations at the Wall Street firm, the biggest global banks, and hedge funds.
Might help a smidgen. Last time kuruda left policy unchanged ¥ had a massive reversal dec 17/18 SpY trading range in those two days 207-199. Then there was low volume head fake up until new year and the rest is history. Since then yen is very bullish They have actually been firm last few times. But i think if they do move as you say we could see big move in eqd if not spy will resume tanking.
Yeah that would be something else. All things are possible, another possibility is ultra dovish fed and a eager or even a move by boj could kickstart another bananza. Not betting on it but it would be fun to join the ride afterward.
Bank of japan pre market thurs. If you follow the jpy correlation it could be a much bigger deal imo. If they announce more easing the yen going to selloff. Spy full throttle
http://www.reuters.com/article/us-japan-economy-boj-idUSKCN0V10EW
Correction the meeting and announcement are thurs. Fed wed. boj premarket thurs. If jpy goes really oversold before wed id be weary going long spy. If jpy rallies into wed night i might dip into some calls on a possible sell the news setup in fx market.
Noted, yeah expect jpy to cool going into BOJ meeting end of week. Its 50/50 how its going to react on friday when they announce plans. That will have a pretty big impact on SPY direction come friday and next week.
Yes indeed that just happen.
Good, i haven't bought anything yet, i was considering calls for daytrade if i see bots turn on.
Getting Momo here?
Gotcha sir. Thanks
Same. We have seen 3 trending markets since aug. If i see another im going to stay planted or atleast try
Thats great strategy. How would you know it started? What would be your sell trigger? Would you be willing or have you ever held calls or puts through one occilating cycle? Meaning daily chart below 20 ss you bought calls and sold at 80 or above. Or bought puts +80 and held till daily -20 How would you decipher when that big drop happens from any other pullback and not sell your profit short . Not trying to be fresh just picking your brain.
20 year chart on silver is in clear markdown accumulation mode there is no more dumping. I think it stays this way for awhile with a few blips here and there. Good for folks that want to make a market the next bull run.
Any days i see silver drop more then usual im going out to grab more physical.