Ad astra per aspera...
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SPY: wow from 125.20 pre-market to 123.30 and now back in 124's again. This will be an interesting day for sure.
SPY: Glad too see it has bounced from 123.30's in pre-market, don't want it to gap down too much before open, wanna load more Puts :)
Oh dear. Do you understand what a intra-day trade means? If I buy the 121 W Puts @ around .25-.30 and sell them @ .60 (without waiting for them to get in the money) when the SPY takes a dump from overbought levels... yes?
I just wanna trade on today's volatility as i expect the SPY to take a correction/ retrace from yesterday's irrational 4pt move and MACD overbought on 1hr chart.
Be very careful in Options? Nah, no way!
:) Yes I plan to sell those Puts today but wanna load the 121 W Puts for intra day trade as SPY is gapping down and a correction on 1hr chart is happening from overbought levels.
As described W (Weekly). Going to get more SPY 121 W Puts later too.
SPY: ouch, gapping down. See why I bought Puts at 30min/1hr MACD-overbought levels yesterday? And i'm gonna load more today. Granted I was expecting an intra-day correction already (4pts on what? WTF) but who can always predict retraces perfectly... especially when the PPT (Plunge Protection Team) steps in and causes a squeeze.
And dude you're annoying spamming me just because I take a position and the correction hasn't come already to fruition yesterday. The week is long, you know? Do you have nothing better to do just to show up here and be annoying or only ever posting gains and never any losses?
PCLN: I called the same Calls last Thursday already at .30-.35 and preached the chart pattern/ bottom bounce after playing the same pattern in early October, blah blah: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69965369 + http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69973579
But guess what, I chickened out Monday and missed out on 300%+ gains yesterday :(
Could kick myself for not sticking with my own guns. Hate such days when it could've been easy $ (around $5000 profit).
But i'm happy for you other guys who were still in and made some nice $$$
Today might be the time to sell (on the cheer), yesterday was the buy (on the fear. Yet i made the mistake and sold my PCLN Calls, damn).
SPY 30min/1hr MACD is at very overbought and turning soon. Huge gap also. Wow from 120 to 122 open and now 123.65 HOD? And no pullback at all you think? I personally think we'll see a correction soon, even if it's just intra-day. I don't think i'll hold my 120 W Puts overnight. But it could be tempting as usually it does the opposite always next day lately (whipsaw daily chart).
This was my last post for today of my 15 possible posts so talk tomorrow again. You'll find me on twitter.
Got 21 more contracts of $SPY 120 W Puts @ .23
Holding 68 contracts now, avg .27-.28 ($2000.00)
Wish me luck for later.
PCLN: OMG my calls from my .33 avg are now 1.00 and I sold for -.03 loss yesterday.
#CANTFIXSTUPID #KICKINGMYSELF
How can you have kids in these markets??? lol :)
That's nice, congrats! But I remain with Puts on the SPY for now on MACD overbought situation. Even if it's just for a day-trade. Tomorrow is another day.
What if S&P decides to downgrade France tomorrow? Instead of a 2 point gap up in SPY it's a 2 point or more gap down.
Let's see.
Ok then, everything's set then :) Go ahead and buy Calls all you can eat :) hehehehe
SPY: In Puts because of MACD overbought situation on 30-min/ 1hr chart + don't forget the big gap from this AM. Not holding for tomorrow (only the 117 Puts). Hope i can sell my 120 W Puts for a little profit later.
PCLN - OMFG I sold for -.03 loss yesterday because i chickened out and today my Puts coulda been 110% worth profit. ARGGH!!!!
Instead of a 200 bucks loss I coulda made 1500-2000 bucks! Argh!
SPY: got 40 contracts of 120 W Puts @ .31 + 10 Puts at .28 for a day trade, hope nice $ soon - Squeezing me now again a little. :(
PCLN 468 pm! Gapping up
SPY: I bet you 1mil USD if i took 122 Calls instead Puts yesterday it would've gapped down. But I shoulda known better, usually SPY does the opposite of the closing.
I will buy SPY Puts again today but just for a intra-day trade on the 30min chart.
PCLN: Thing is, with these far out of money Calls we need one big day of large white candle for high volatility to get some good % gains.
That's what i was trying to bank on as a plan (chart pattern). Maybe today you'll get it. But as an advice i can give you, make sure to sell for profit once it does a nice big move, because a next day could mean red or slow and your calls decaying fast.
Germany showed better economy data than expected, that's why. But just wait, the next day (tomorrow) there'll be the S&P downgrade of France maybe so all that positive data doesn't matter anymore.
lol what a joke these markets are
SPY: I took some few 117 W Puts EOD yesterday just in case. But now SPY's gapping up, thanks for nothing. - I guess another BS gap up and crash as usual.
I think the 117 gap close is inventible. I just wish we'd get over with already and stop kicking the can down the road.
There's no Santa rally coming anymore few days before Xmas. A Santa rally would've meant to be 127-130 by now already and breaking 130's this week. Anything else are just bounces from the dips it's taking.
PCLN: I sold for -.03 (200 bucks incl fee's) loss yesterday, maybe i made a mistake. But I was far out of the money with 495 W Calls and yesterday it just didn't rip as much as i hoped for because of the EU/ SPY BS, it dragged it down. So I chickened out. On top of everything SPX/ SPY fell almost under 120 and more S&P France downgrade is looming.
My goal with PCLN was the chart pattern and the volatility of one big white candle. I wanted it yesterday but now SPY/ Markets gapping up, maybe now today PCLN will see that big white candle and i'm not in any more :(
What's wrong, Mikey? I was just asking where Santa is (not in a sarcastic way or trying to bash you) because i want him too few days before Xmas. I'm in PCLN Calls.
Looks like people here are getting a little too irritated too quick.
Speaking of egos...
I wasn't trying to bash him. I want Santa myself too few days before Xmas
Mikey, where's Santa??? :(
SPY: Probably the usual BS. Watch it go up from here and closing above 122's maybe and gapping up tomorrow (if no BS news from EU).
How hard can it be for it to run a little before Xmas? :)
Then again there's also the 117's gap down there
And up we go. EU BS done for the day.
PCLN at hod-levels again
SPY: Nasty. Taking things down. Argh... Wish the EU-tards would just shut up for a few days, especially in final days before Xmas.
PCLN about to break out 465 almost here!! This puppy started slow but is heating up more and more!!!
PCLN officially 461's! Higher and higher! Very nice and steady upwards rise!
PCLN almost 460's SQUEEZE BABY
PCLN HOD, 460's calling soon :) I think more shorts covering soon and triggering a squeeze.
PCLN finally waking up but still waiting for some more volume.
Stuff is gapping up. Yay
Oh crap, the Futures nasty tonight.
ES_F/ Futures taking a little dump. Hope it's not inspiring the future of tomorrow. Really wanna see a stupid little Santa rally before XMas.