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I bought at the highs(ish) and it's currently bidless....end of quarter scramble, I expected it more and more as bears couldn't crack the indexes at strong resistance. I'm thinking 2080ish on SPX before this thing breathes. Definitive rotation yesterday from weak to stronger names.
AAPL upgraded to outperform from market perform at Cowen, PT raised to $135 from $125
Yo!!
Had a hard time posting yesterday...ihub was giving me a fit and I finally gave up.
Bought and sold NDX 4500 Calls 1.10 to 7.20 yesterday 20 contracts. AAPL traded 3 different times intraday for cumulative 315%. Scalped NFLX for 200%.
Added PCLN 1250 Puts @.70 (currently 0)
Added CMG 435 Puts @ .55
Still holding CMG 415 puts from .75
Still holding NDX 4510 Puts from .98
Had a large order in all day for VXX April $30 calls @ .03 and it never filled. Letting that order stand today.
What up there Stutz!
LOL.....better than a CLO
6 Fed heads jawboning
Morning Jim Bob!
Cancer drug I believe.....big implications
Out 2/3 of PCLN @6.00 average. Holding remainder.
Stalking PSA for calls.....may pull the trigger here
BTO CMG 435 puts @.40
Sold 1/3 PCLN 1250 @6.65 average from 2.40
(not the 2.5 order I originally put in...just noticed that now)
BTO PCLN 1250 puts @2.50
BTO NDX 4510 Calls @ .98
That's them
Where my peeps at
Market looks like it's going to open up flat…
I'm a Jaguar guy....so is the wife. Enjoy the weekend
SPX closed below the 8DMA....first time since Feb 11th
MOC $1.1 Bil to buy.....
Amen
On weeklies absolutely
Opioids are like bacon.....if it's anything other than real, heart-clogging, greasy bacon from a pig.....what's the point?
I just had surgery...give me the good stuff Doc, not this turkey bacon, easy-bake drug store, Flinstone vitamin...
Feel like I'm the only person on the planet you couldn't pay to take a Porsche ...
In some CMG 425s @.70 for next week...
3 1/2 hours....
It's coming to the tip of a pennant.... Hopefully it resolves as a bear flag
Yes 1270
Trying my hardest to dump these CELG calls...
STC IWM 106 puts @.50 from .10
STC TSLA 215 puts @ 2.25 from .50
Rockefellers Dump Exxon Holdings That Made Family's Fortune - Bloomberg Business
http://www.bloomberg.com/news/articles/2016-03-23/rockefellers-dump-exxon-holdings-that-made-family-s-fortune
Hey there Bobert
You're welcome. The VXX is essentially buying VIX contracts high and selling low every single day.
VXX tracks the 2 lead month VIX contracts on a constantly rolling basis (every day, selling the front month and rolling into the following month). Since further out contracts are naturally more expensive that nearer (front month) contracts, the VXX is by design built to go to zero. Long bets are never to be bought on VXX....,just short term trades.
VIX is a volatility gauge of the S&P, or commonly called the "fear" index. Most people don't know that it actually is predicated on options activity.
So.....the rationale behind this trade is I believe that in the next 3 weeks we will see a drop in the broader markets, precipitating a spike in VXX. If I am right, this trade will pay off exponentially, as a rise in VIX (the underlying instrument of VXX) will cause the premiums to rise, but also be multiplied by increased IV (implied volatility) inherent in all option contracts with a rising VIX. Could be a gangbuster profit, or it could go bust very quickly.
Hope this helps.
Keep clicking back through the chain. VXX
Went pretty big.