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The EURO/US$ ratio (also reflected in FXE) precedes all other moves today...and is heavily manipulated.
Yeah, strange... However P/C vol = 186/1037 = stays very low.
Ready to buy FAS if it breaks out above 23.
Yes. I put an order to buy July 7.5 NG calls at 0.35.
NO. CME moved well but ICE did not. I donāt see any reason to buy ICE until it starts moving up.
The death of senator Byrd changes the future of the Financial Billā¦ I sold all CME calls while it was still nicely up. Who knows whatās coming up next?
The EURO DOWN manipulation is used to justify the dropping of indices in pre-market.
I wouldnāt rush into new positions yet. The pre-market looks awfully messy.
Alrightā¦I seeā¦ LOL! Well they are a little bit out of the moneyā¦Not my cup of teaā¦You have to hope for a very significant move.
Yes... with a trailing stop.
Sold CME Jul 300 calls to roll into CME Jul 310 calls which, at the present price, are much cheaper and have a lower spread. I will buy them on close when some traders will, hopefully, take profitā¦
Yes, I remember when you bought them. Nice!
Today I traded again IWM calls. I laso have VIX puts, which I plan to keep over the weekend...
HPJ is up 4.5%. Volume sucks but I am on. Success attracts buyers sooner or laterā¦
CME doing well. Nobody else on board?
Yes, good point... Nice!
Something interesting : the P/C vol ratio of VIX slowly shifted from 0.7 (in the morning) to almost 1. That means that some āpeopleā get wiser and count on the VIX going downā¦ because they think that the market should go up.
Unlike the SPY traders, VIX traders try to be well placed before the VIX moves, because when it moves, it moves so fast that you cannot catch it.
I would say that at this point we can expect the market to reverse and go up any time ..but probably on Monday...
I see some people buying VIX puts... VIX Jul 26 puts around $1 are pretty well priced
I think that GOOG lacks momentum right now. I would wait for a "real" reversal first...
CME JUL 300 CALLS
CME = BUY CALLS!
āHouse of Representatives and Senate agreed on Friday on legislation giving regulators oversight of the $615 trillion market in over-the-counter derivatives for the first time.
The proposals are part of a sweeping package of reforms in the wake of the financial crisis, which regulators say was exacerbated by OTC derivatives.
The bill will return to the full House and Senate for approval, and lawmakers hope to have it to President Barack Obama for his signature into law by July 4.
The reforms will fundamentally alter the unpoliced market, dominated by banks like Goldman Sachs, JPMorgan Chase 'Morgan Stanley, Citigroup and Bank of America.
Exchanges stand to gain traffic, such as CME Group Inc and IntercontinentalExchange Inc."
Sold IWM Jul 65 calls @ 1.54
IWM Jul 65 calls @ 1.34
I agree: it looks like an ISRG uptrend channel. However, when I checked the options, I decided that the spreads are ridiculously high and that I shouldnāt get involved in this trade anyway.
ARNA: the competitor of VVUS at the next Diabetes Conferenceā¦todayās big gainer:
āSAN DIEGO, June 17, 2010 -- /PRNewswire-FirstCall/ -- Arena Pharmaceuticals, Inc. (Nasdaq:ARNA - News) announced today that new data analyses from lorcaserin's pivotal Phase 3 clinical trial program will be presented in poster sessions at the American Diabetes Association's 70th Scientific Sessions in Orlando, Florida. The two posters will be displayed in the Poster Hall from June 26, 2010, at 10:00 a.m. Eastern Time (ET) until June 28, 2010, at 4:00 p.m. ET.ā
6 million shares vol in the morningā¦but now vol is close to zero (?!).
Jul 4 calls @ 0.15
Interesting: the downturn has been confirmed for SPX but not for the Qs which closed slightly above the 46 benchmark. This morning in pre-market the new-wave technologies and some biotechs look OK. I expect AONE (car batteries) and VVUS (5 presentations at the Diabetes Meeting in Florida, on June 25) to stay strong for a while. The No. 1 question: is window dressing for End of Quarter going to be active?
I sold the VIX calls and the indices short positions yesterday on close.