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Ayah! Is why I buy my DIA/SDS/SRS/FAZ etc flush protection plays on dips, sell at the close
Been a winning strategy so far
Tomorrow morning, no doubt they'll gap it .06 points again, wash rinse repeat
>>FUTURES: DJIA -.62%: 9951.40, OIL +0.93%: 71.85, GOLD 1065, NDX -0.21%: 1742, SPX -0.39%: 1,062, VIX +0.04%: 26.12
QID +0.48% ($21.40), SDS +0.68% ($38.03), FAZ +3.97% ($21.49), SRS +2.97% ($8.42), TBT -0.17%: $46.91
>>ERTS $19 Calls +57.14% on 7,141 vol (vs 131 10dav, lol)
Looks like ALOT of people are playing these, holy moly!
Makes me wanna buy some calls and join the club! Dare I do it?
I don't usually play earnings or hold overnight this late into the expiration cycle, but I might take out a small lotto position
>>TOP % Gainers w/Vol: HAS +12.89%, BGP +12.92%, BBEP +11.84%, CAGC +9.55%, NEXM +7.68%, BPSG +8.56%, PWER +8.96%, APL +8.41%, BEE +7.46%, LEN +6.32%, BZH +6.25%, CVS +6.15%, XCO +5.16%, KBH +5.43%, VSH +4.78%, MTL +4.67%, MOT +4.06%, S +3.50%, MU +3.68%, UAUA +3.44%, ETFC +3.08%, AMD +3.40%, SNDK +3.07%, ONNN +2.80%, FITB +2.57%, DELL +2.59%, JDSU +3.65, STX +2.47%, SIRI +2.50%, ERTS +2.43%, RF +2.42%, ZION +1.91%, SBUX +1.94%, CX +1.93%, MRVL +1.82%, NTAP +1.40%, NVDA +1.29%, TSM +0.99%, XLNX +1.11%
These are the top gainers from the NASD, NYSE, AMEX moving on over 500K in vol
SCROLL down for both screens
ALERT: as these are LATE expiration calls/puts, I will close out all positions before EOD, and I will take gains at 20-40%, take losses at no more than 30% down
If I hold anything overnight, I will post it. I posted when I sold everything before the weekend, for the same reason as I repeat this warning: THETA WILL EAT YOUR FACE! Volatility and depreciation increase rapidly from this point out
IF YOU CANNOT TRADE THESE INTRADAY, please DO NOT try this at home!!
Paper trade until you feel comfortable with these, or buy 1-3 months farther out
I am 10000% serious about this!
Buy one of the OFFSHORE drilling stocks, or a good stock like CENX and wait
JMHO!
>>WE HAVE A TREND! FAZ $21 Calls +40.35%, XLF $13 puts +37.50%, SKF $25 Calls +21.09%, MS $25 Puts +8%, SRS Calls +33.33%, FCX Puts +1.48%
TREND is red, LOL