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Thanks break. I fully intend to play the calls on the way up. The financials from last quarter were ridiculous. After a bit of profit taking and shorts having their way with her (I'll admit I was one of them bought puts right at the top @ $70 but sold too early), but this thing is fierce. I think it could get back to $100 by the eoy, and fully intend to play the calls and puts on both the run ups and downs. This is one of my favorite ones to play.
GMCR very strong today, jumped into friday $67.50 calls.
Edit all indicators on the daily chart have curled upward. Selloff over confirmed, time for shorts to cover. $70 was strong resistance last time.
GMCR wicked strong today, still waiting for pullback to jump back in
GMCR - Bought @ 1.86 sold @ 2.42
Waiting for a pullback as 67.03 is resistance and may jump back in.
Will the $SPX break 1355? Or will it bounce off and continue down? So far VIX and FAZ climbing premarket.
Today was brutal for this guy. Holding 65$ gmcr calls now. Hope the rest of you did better than this guy !
She's moving now. Not sure if she wants to wait
Got wrecked today but picked up some GMCR calls. I believe the selling off is complete even though it's on low volume, strong movement today. Just upgraded by the Street.
Agreed. Kicking myself for not picking up AAPL calls on Friday. I'll be playing this for sure today.
My prediction:
AAPL flies through $500 early, up to around 504$ area before a retrace to test the $500 level a couple of times before it runs into close.
What do you think will happen Break?
Euphoria is an excellent word for it. Markets will rally but not for long. Everything can't be rosy forever. It's inflated and IMO smoke and mirrors for us to be at the levels we are.
There is always $ to be made, just depends if it's the bulls or bears turn.
Hmmm not as big of a bang as originally thought... I'm happy being on the sideline for my faz over the weekend. I did t know how the market would react. Better safe than sorry? Be interesting to see what it's like tmo morning
Haha I'm so bad at this lol. We have quite the connection for you to know what I'm saying haha
Haha. Yeah I saw the Greece vote passing on Friday which is why I sold faz. Wish I bought some sapling calls but I'll just day trade tmo I think
Sorry forgot to include the link still on iPhone but ticket just posted from Bloomberg.
BREAKING NEWS
Greek Government Secures Parliament Majority to Pass Austerity Bill After a Day of Riots.
Couldn't agree more. Its terrible what's happening. I fear that if Greece defaults and leaves the euro zone that it will only be the beginning of the downfall for the euro
We will see what the vote comes to be. If they agree on something this could be minimal damage. Cnbc showing Zumba infomercials lol.
Oh my apologies x. It def sounds like we are on the same page :) these are the times one can make a lot of money if they make the correct calls and decisions on what will happen
Hahahaha I didn't even realize that haha. Apparently they don't like the words faz calls :)
Sorry about the poor formatting on my previous post I am on my iPhone and using the talk to text ability. I just believe that the market is going to bounce off the 1338 support for the S and P going into Monday my fastballs expired this Friday and I just wanted to make sure that I was playing it smart because I was not sure what holding over the weekend we do looking at the after hours on Monday it seems right now I made the right decision to let's see what news comes out of europe going into tomorrow morning
Oh don't get me wrong I completely agree that this market is going down but I mean in the next couple days I believe that the there is a good chance at the market will go back up based on the Greece signing. You are absolutely right that the Italian banks being downgraded is another big part of the story not to mention that there is a looming chance that the S&P itself will be downgraded not anytime in the next few days or even the next few weeks but there is always the chance of that can happen as was warned by Moody. This market has gone up too far too fast and it definitely needs to be a correction the balls and then in charge but I read that the low volume that is come in cannot sustain rally to go to 14,000 like some analysts are predicting. I am definitely becoming a bear in this market but I also trade very short term looking for the perfect entry points I sold on Friday to as the fact that I knew that Greece was going to vote on at Bella I highly suspect that they are going to reach something before the market opens tomorrow. I wanted to be safe lock my profits but I will be evaluating what the market looks like tomorrow for a jump back into faz calls or other puts.
In the near term I believe that there's going to be a strong correction on the horizon it's only a matter of when and don't forget about Israel and Iran as that is starting to get very hostile and it's starting to.I'm not sure if you saw the news on Friday but is real successfully tested in anti missile defenses... now why would they be testing that if they were preparing for something? I might have been wrong I'm selling my fast calls already but I truly feel that I'm going to be only get a better position to make more money in the short-term
I would normally tend to agree here if it's strictly technicals. I had FAZ calls last week and sold at the EOD on Friday. S&P could not break 1338, acting as support. I think a large part is riding on what happens with Greece. If they come to an agreement today, tomorrow will be very green but I think the overall trend will be down. I will take tomorrow to capitalize on buying calls and timing my entry back into FAZ calls. I think they will come to an agreement to try and avoid anarchy in Greece but it will only be a small temporary fix until EU officials have to step back in. I really don't see it ending well in Greece. And if it does, it's already priced into the market. Greece is so ridiculously messed up right now, I can't see a fix anywhere in sight.
Anyone who thought $500 was going to be a breeze was really off their rocker, no offense. If nothing else do you have any idea how much of a psychological barrier that is? Changing the first number from a 4 to a 5? Not to mention the market had the worst day of the year (only finished down 89 points, it actually gained between 50-60 points in the last 30 mins of trading).
Apple has never been this high, and I love it, and I want to play calls, I'm just weary of some kind of pullback. Especially if it's losing ground on more shares traded than it's average volume. The thing is overbought...severely. Technically speaking it should pullback soon. Although it's Apple, it rules the world so it can do whatever it wants lol
NICE JOB!!!
Unfortunately I think it's going to be green for a bit. The bulls just would not let 1338 break. I think it will retest 1338 some point next week but the amount of buying that came into close...
S&P went from 1337.23 to 1342.62 in a matter of a couple of minutes.
DOW sky rocketed 40points in the last 5 minutes.
Some insane amounts of buying came in. FAZ dropping hard AH as well as TVIX. I still think the market needs a correction but I'd rather try to time my entry point then to hold this over the weekend. Especially since I had Feb18 calls.
Sold FAZ calls.
Had $26 Feb 18 calls. Avg .92 sold @ 1.24. Definitely was looking for a higher return but I also thought S&P was going to break 1338. Some ridiculous amount of buying came in at the end of the day, and it bounced from 1337.50 to close at 1342.62. Crazy.
Couldn't hold over the weekend even with all the doom and gloom going on around the world.
I think the SPX will break the 1338 support level that it's bounced off a few times today before the close. Keep an eye on that level.
Another reason I'm holding FAZ. TVIX is off the charts. The market is scared, I would fully expect a pretty big red last hour going into the weekend. Just my opinion, we shall see.
Holding my FAZ calls for now. The market looks to be going lower soon. Lots of negative news out not and possibly more this weekend.
Let's recap:
Greece signs the agreement on the bailout [market doesn't move]. Later in the day Greece gets pressure from EU officials to prove that they can pay [market goes down after hours]. Greece ministers quit while a bailout has not been agreed and signed to [waiting on that end result].
Not to mention we haven't heard a lot from Iran and Israel but Israel just tested anti-missles. Looks like they are preparing for something... http://www.cnn.com/2012/02/10/world/meast/israel-weapons-system/index.html?section=cnn_latest
34 of 37 Italy banks were just downgraded by S&P. http://www.cnbc.com/id/46341006
And there is that looming effect that the S&P could be downgraded itself (as stated a few weeks ago by Moody's I believe). Remember what happened in August when it was downgraded?
Not saying any of this will effect the market severely but it's a lot to handle...
I would keep an eye on Apple and tech's today. I believe if Apple drops the market will follow. I'm betting that it will by jumping into FAZ calls yesterday. TVIX is up 10points yesterday, and 10 points premarket today. Volatility is increasing and fear is begging to set into the market. Dow down over 100 points premarket.
We will see what happens.
GM all. Picked up FAZ calls yesterday - Feb 18, $26 calls.
What do you read that means for Faz?
Hey nothing to be sorry about. It was my own fault for holding over night and I paid severely for it. Back to the charts to find my next play. Good luck.
Sold BAC for a substantial loss. This one was news driven as technicals would have made it retrace. The greece bailout agreement as well as the $26B mortgage package was too much to battle.
I guess we will see. She seems to have a lot of power behind it.
Thanks for sharing DA! Looks like I jumped in a little too soon, but I'm pretty comfortable in that it will go down. I like your chart, definitely helps!
In BAC Feb 18 $8.00 Puts. May have jumped the gun too soon but I think if the $8.00 level falls again and the dow continues red for the day, it could be a nice flip.
Thinking about picking up BAC Puts. Anyone been watching and have any thoughts?
I would love to have it go much higher right when the option chain is available. Put city
Definitely nuts. What's the float? 1.8mm shares? What it someone decides they want to buy all 1.8mm shares?