Hmmm perhaps if we retest the 200 within the next month? That would keep the uptrend in tact so I would probably go bullish IF it hits there too.

Here's my crappy annotated chart....

OK cool thanks!

Hi Art it's Aaron. I'm assuming your the Art from EG... Been popping in to check on BBDA ever since you metioned it to me. Interesting Co. and product. You're asking some valid questions which is good! Try not to drink the coolaid :)

Is this in the Walmart in EG?

Also I've noticed all the Walmart pics don't have the price next to it. Any reason? How much are they selling this stuff for in the store???

Best of Trades!

Aaron

Might start adding here again. Book value is around $4.

Also, insiders seem to be buying and holding...

The last PSTR insider buy occurred when EDELMAN & GUILL ENERGY L P purchased a total of 3,076,926 shares on August 1, 2012.

Damn I had a better position then I thought! I'm pretty sure I exited the 145 at 1.35 but after commissions this was only a small gain. I was actually thinking of it as more of an individual trade and not as a hedge for my other position but in reality it's all the same and yes I wish I held on to it. I actually picked up a 146 put the other day too so now my position's probably uber bearish. Don't worry about trying to refigure this one, I don't mind playing with a couple hundred to learn some new strategies and I understand the risk, hell I used to trade penny stocks! Haha

May the market plummet next week!

damn I should of held on to that sept 22nd call a bit longer!

Woo hoo! good call man. Closed out my SPY call for a quick gain. What are your thoughts on closing out one of these Butterfly wings? :) I'm thinking the 141... not recomended huh?

wow SPY up nice after hours. A pop tomorrow would be awesome!

Ok cool, just picked up a Sept 22 $145 call @.78. Just slightly OTM. I also set my limit sell order on it at 1.30 in case we see a pop above $145 tomorrow hopefully it will exit and I'll make a quick 50 bucks. That'll help off set my butterfly's losses too...

Thanks!

No worries! Thanks for taking the time and out lining some alternate hedge strategies.

I think ultimately I'll just let it ride. I went into the position knowing that I would either profit on a downward move or take a loss on an upward one. Also, I was willing to part with the $115 as part of the learning experience. I still think a pull back to the $136 level is possible, looks like the market could be running out of steam. I might look to exit around $138 (if it even gets there).

Ouch! too bad it doesn't disclose the settlement amount. I'm sure it was a lot of $$$$$ tho...

Doesn't really take much to be a mod here in fact, you don't even have to be an active member! You do have to spend some hard time in the ihub slammer tho...

Why isn't Candles a Mod? Could really use his help in determining snarky and sarcastic posts! lolzzzz weeeeeeeed!

LDH, can you make this happen?

P.S. this post was both snarky and sarcastic but candles you already new that didn't you???

I appreciate your concern Candles! Though I don't completly understand all of LDH's seemingly infinite wisdom of stock options (and prostates). I apprectiate him taking the time and at least trying to explain what is probably the most advanced option strategies out there. The concepts are starting to resonate I just need to figure out time value, expiration and delta and how to factor that into a profiting position.

Hey sorry just seeing this now. here are my purchase alerts.

Wed Sep 05 09:41:48 2012 Buy 1 SPY Oct 20 '12 $131 Call Executed @ $10.36
Your Day Buy to open order for 1 SPY Oct 20 '12 $131 Call at a net debit price of $1.02 was executed at $10.36. See order # 1153 for details.

Wed Sep 05 09:41:48 2012 Sell 2 SPY Oct 20 '12 $136 Call Executed @ $5.99
Your Day Sell to open order for 2 SPY Oct 20 '12 $136 Call at a net debit price of $1.02 was executed at $5.99. See order # 1153 for details.

Wed Sep 05 09:41:48 2012 Buy 1 SPY Oct 20 '12 $141 Call Executed @ $2.63
Your Day Buy to open order for 1 SPY Oct 20 '12 $141 Call at a net debit price of $1.02 was executed at $2.63. See order # 1153 for details.


If you could plug it into your PnL chart that would be awesome! Where did you get that thing anyway?

Let me know if I need to pick up something to better hedge.

Thanks!

I can see that. That comment, followed by "How do I close this thing out" could equate to sarcasam haha but seriously I like this strategy. Can I use this everytime I feel there will be a down side move or are there other factors that make this particular play only valuable under certian situations?

Got it! I was thinking something like that would work but I didn't want to open a whole new position. I'll pay around with it and see.

Thanks!

Hey man actually, wasn't being sarcastic. I was legitamitly impressed with the hedge strategy involved with this play. Buying two calls and selling two calls at different strikes to off set losses and maximize profits. I understand the concept but I have trouble factorying in time value. That program you have seems pretty nifty for figuring out maximum profit.


I have no intention of closing out the position now, but when I do how would I be able to close out all three at once? They are showing up in my accout as three separate orders. As you mentioned commissions are my enemy and if I can close out all 3 at once I would save about $30 with the one time commission.

Wow this play is awesome! I'm only down $40 and the market is roaring up 1.5%... Tempting not to want to close out the 131 and 141 :)

How do I close out all of these at once? Or will I have to execute 3 separate orders?

Ok cool, thanks!

Wait, I'm an idiot! I did do the 141 grrr sorry dude Ok so I should be good.

So I will only make money on a SPY downside move and any upside move will allow for only the maximum loss of my initial investment, right?

Yep, did the 131-136-142 (wouldn't let me do 141) Oct spread. I think my net debit was 1.02? but the whole thing only cost me $114 with commission. It was the 1,2,1 so that's 4 contracts right?

Ok I did the Net Debit... seemed most logical and I know you don't want to do Market orders with options. Anyway, if you could kinda monitor this thing so I don't end up owing some one $10K that would be cool :)

I think what I want to happen is spy to dip down to $136 exersise the call sells, then let it swing back up and exit the 131 call?

Hey do I want to do a Market, Net Debit, Net Credit or even price type?

TLT - Looks like it has plenty of room on the upside which could lead to inverse effects on the market...

disposition: Bearish

How's your butterfly? Looks like my funds wont clear till the 6th now. Another down day and I may miss the boat.

Ok cool yeah keep me posted. my funds still aint cleared... hopefully tuesday. It's only $85 to take the position right? Or will I need margin?

Ok cool yeah keep me posted. my funds still aint cleared... hopefully tuesday. It's only $85 to take the position right? Or will I need margin?

That's a very interesting play! I think I have the level clearance to place that as well. Waiting on some funds to clear right now tho but I'll try to enter some time next week. I'll let you know how it goes.

Thanks!

Hey LDH! Hope you're doing well.

Interesting Ivolatility report Monday IMVHO....


Our farmer's market image is a reminder there is more than one way to think about seasonality. Unfortunately, for the equity markets the joy of summer delight often turns into despair by Oktoberfest. The seasonal tendency of the S&P 500 Index (SPX) 1411.13 is to peak in late August or early September and then decline until the end of October. In election years, the decline is usually finished by early October followed by an advance into the November election.

While many are enjoying the last week of the summer holiday season we turn our attention to planning for the usual September decline. First in the strategy section, we look at the SPX volatility chart and draw the line on the crude oil advance. Then after checking on a previous volatility trade we turn our attention to a VIX hedge idea, another for gold followed by a homebuilder and last but not least one the social media group.

http://stockcharts.com/h-sc/ui?s=$INDU&p=D&yr=1&mn=0&dy=0&id=p84136820459

Hey Chris hope your doing well. Haven't been on much been busy with work and school...

Things could really heat up here before the end of the year imo

Best of trades!

Yep! this next leg up with a break out through $9 is a good sign imo I think we're heading for the teens now.... we shall see. Nice chart tho!

Yeah would of been a nice buy at the 1.50 range missed the boat....

It's a good company but US is sitting on too much nat gas. They do have their pipe line for revenues tho

Fukin algo traders haha I bet someone gets very rich when these flash crashes happen...

http://www.ft.com/cms/s/0/7319a262-dbf5-11e1-86f8-00144feab49a.html#axzz22SMJv1hA

Hmmm right on schedule with the mayan calendar for an end of the world on 12-21-12 :)

Yes, trending nicely. This is definitely the year for LNDC.

http://stockcharts.com/freecharts/perf.html?$INDU,lndc

Another strong quarter for LNDC! Sweet

Wow this thing could go nuts on Tuesday if they release a strong Q4. Estimates seem pretty low at .09 and .10 imo

Wow this one could come back strong! Gonna take up a small position, thanks!

Looks like we might be retesting $9 shortly.

Yeah good advice! Luckily I don't have too much $$ to lose focus haha

VHC another one of Stan's plays up over 100% in just a few months! I was in this one before but sold way too soon. Patience IS key!

I like celg too not sure why it's getting beat up, but makes for a nice entry.


http://stockcharts.com/h-sc/ui?s=VHC&p=D&b=5&g=0&id=p62340741180