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With ya, picked up some SPY and FB Puts on Monday, I expect a pullback for this week and possibly next week also. JMO
I know I hear ya...Thats why I like to keep balanced with both Call and Puts with my trading
Wouldn't say zero but I think were in for a "pull back" this week and maybe the next
If SPY Breaks $145.40 look-out below
If SPY Breaks $145.40 look-out below
Drp...I got out of my Puts early this morning, I do not think BBBY will get any lower or higher either. The B/Bands have been real tight and I think that BBBY will basically straddle $62-$63 for the rest of the day, be careful of time erosion .
My BBBY Puts are smokin !!!!
Picked up some BBBY $62.50 Puts right before close
QCOR gettin slammed $29 P = .05 TO $6.00
Great Call !
Q: Why did Federal Reserve Chairman Ben Bernanke launch a third round of bond buying known as quantitative easing, or QE3, last week?
A: Because the stock market told him to. How else can he keep the Dow Jones Industrial Average above 13000? Companies are warning of slower earnings growth.
Q: How big is QE3?
A: $40 billion a month—indefinitely. This is on top of the $45 billion a month the Fed is already spending on another program called "Operation Twist" through the rest of this year.
Q: Phew, is that all?
A: Hardly. Since 2008, the Fed has dumped more than $2.3 trillion into the economy, artificially levitating the values of stocks and real estate against the ravages of an economic reckoning.
Q: What will the Fed buy with this QE3 money?
A: Mortgage-backed securities. It is betting that the way to fix a deflated housing bubble is to blow another one.
Q: Does the Fed really just print all this money?
A: No. That would take eons. The Fed simply adds zeros to its magic spreadsheet, and violà, money!
Q: Isn't this a Ponzi scheme?
A: Of course not. A Ponzi scheme is illegal. This is a Bernanke scheme.
Q: Is it working?
A: Every new QE is an admission that the last one didn't work. Since the first QE in late 2008, America's economic growth has mostly been described as "anemic."
Q: So why will QE3 last indefinitely?
A: It spares Mr. Bernanke the humility of announcing QE4, QE5, QE6 ….
Q: Will this finally lower unemployment?
A: You tell me. The Fed has launched QEs and held interest rates close to zero for nearly four years. The unemployment rate has remained above 8%.
Q: So why call it a "recovery"?
A: It's not as depressing as the term depression. A depression can be defined as a prolonged period of high unemployment.
Q: Why not just call it that?
A: Another theory holds that a depression is impossible as long as Mr. Bernanke can keep creating money.
Q: Won't this cause inflation?
A: Only if you eat food, burn gasoline, require medical attention, purchase commodities or pay college tuition. Bottled water is $1.29, and air is still free.
Q: Why haven't QEs worked?
A: It's a global economy and QEs simply leak out of the bucket. Companies, for instance, may use the cheap money to expand abroad. And consumers may use it to buy more Chinese goods.
Q: So why do it?
A: The money flows into banks to strengthen their balance sheets. Corporations use it to lower borrowing costs and launch stock-repurchase programs. The ensuing boost in corporate performance helps executives collect "performance pay."
Q: Won't the Fed eventually have to sell the trillions in bonds it is buying? How will it be able to find enough buyers?
A: Don't ask. Nobody knows.
Q: How do QEs contribute to our national debt?
A: The Fed's purchases of U.S. Treasurys lower the interest rate our government pays to issue them. This can only encourage more borrowing. Since 2008, our national debt has risen more than 60% to more than $16 trillion.
Q: Isn't that astronomical?
A: Yes. But we can now measure the national debt in lightyears. A lightyear equals nearly six trillion miles. At $1 a mile, our national debt is only 2.6 lightyears.
Q: Why lightyears?
A: Because our economic woes are indefinite, and that's why QE3 is indefinite. Mr. Bernanke should change his name to Buzz Lightyear: "To infinity and beyond!"
Thanks, congrats also !
Out AAPL 695 P at $2.10 for a quick double
AAPL Breaking down since 12.23pm Got in some 695 P at $1.03
You were right so many times before, you'll get em next time.
•*FED TO KEEP POLICY STIMULATIVE FOR `CONSIDERABLE TIME'
•*FED WILL ADD TO PURCHASES IF LABOR MARKET DOESN'T IMPROVE
•*FED DOES NOT SAY WHEN MBS PURCHASE PROGRAM TO END
•*FED TO BUY $40B MBS MONTHLY, CONTINUE `OPERATION TWIST'
•*FED TO BUY MBS, EXTENDS ZERO-RATE POLICY INTO 2015
Issue is such low volume on options
APPL completely ballistic the last 1/2 hour, I've flipped it 8 times, gettin to fast that I can't type the buy then sell orders Fast enough...CRAZY day !!!
OUT AAPL P 640 @ $2.78
In AAPL 640 PUT @ $1.68
In AAPL 640 PUT @ $1.68
Jimm/b...do you ever buy PUTS?
B/T You've been spot-on with your picks latley?
Can I ask you what stocks Puts you bought?
Also do you use TA regarding your decisions
Pls and thanks
Shawn
Not going to crash but you will see a 2 week pull back
AAPL Needs a push here to go up higher
Good call Pip
BIDU $110 Puts are screaming
thanks O/B Please keep your posts comin....
I dont guys, AAPL not looking too healthy the last several days, including this morning, so far.
Basically since Monday afternoon AAPL atock price has been under pressure and at this moment I do not see a let up. I know on Fridays they have been kickin some but so lets see whats happens
The 5 minute chart on BIDU is showing alot of pressure holding this down
Big Red candle on BIDU just occured
Good morning to all
WOW he called last Fridays SPY dead on
missing your posts dude ! was hoping to see more of them this week
Golf...isn't that a contradiction or are you buying a "stradle" ?
U.P.B...since buying Puts are you expecting the week to be down, for the market?
very interesting, is it possible to get on your emial list?
thanks for giving SP,SPY and FB.....Good call on SPY on Friday ...well done and looking forward towards your other posts
aapl aug 24 c $670
I understand that is when we are ITM it's when we are $1-2 out like we are now....