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$CAT w 82.50 calls average .295
Currently .36 x .37
Just added more 82.50 w calls @ .32
Maria is the most annoying twat on the entire channel. Can't stand her voice.
$CAT w 82.50 calls .40 x .43
$CAT w 82.50 calls .35 x .36
In @ .27
$CAT w 82.50 calls .35 x .36
In @ .27
In $CAT 82.50 calls @ .27 lotto
Surprised I got filled. Resistance from 10:17 a.m. intraday.
Added more $AAPL 570 w puts @ 2.85
Average now 3.20
Well, let me first say that since the $SPY options are the most traded on the CBOE from a volume standpoint, it is going to be a more "efficient" market. That is, MMs pay the most attention to it and are able to price everything fairly. I don't find that anything rises or falls faster than I expect but then again I trade it a lot every week, 5 times or more.
One way to get ahead in options is to find inefficient markets, or in layman's terms, mispriced options. Usually this happens in securities that are traded more scarcely, and since they are traded more scarcely, they are able to be exploited if you know something others don't. With the $SPY you won't find that, simply because it is used by SO many professionals, it will always be priced efficiently, but fairly. You won't see the Imp. Vol drop or rise much in any given day (outside of a rare occurrence), and so your prices won't rise or fall as much without action in the underlying stock. For individual stocks (like $AAPL today) you will see that implied volatility can be adjusted all throughout the day, from 150 down to 20, back to 60, etc. This makes a big difference in the inflation of the premium.
Anyway hope this helps.
I scalp the SPY constantly because of its great liquidity, why?
Sick, nice one!
$X looks like a good entry for w 18 calls @ .25 if anyone is playing.
Where's sam? You gonna hold those $AMZN puts overnight bud? I'm pulling for you! Would love to see you turn that account into $25k+
I thought I was going to get clobbered today but my $UNG puts, $ZNGA calls and $C calls saved me. Still down slightly but it could work out if $LVS blows out somehow. My $WYNN calls are getting ugly.
BOL!
Got 10 @ 3.55
Nice
Out $AAPL 575 w calls @ 3.60 from 2.85
$UNG w 21 puts now .47 x .49 from .21 in case anyone was following me on that trade. Exited way too early, but it was obviously the right call.
In $AAPL 575 w calls @ 2.85
Out 1/2 $ZNGA Aug 5 calls @ .58 from .47
Out $UNG weekly 21 puts @ .32 from .20
Out $C weekly 26 calls @ .18 from .09
Imp. Vols on $VXX w calls just got adjusted way up. Big fade coming for the $SPY?
Did you get to see this UPB?
http://www.bloomberg.com/news/2012-07-24/china-to-flood-steel-market-hurting-arcelormittal-commodities.html
I know you're looking for a bounce right around support with short covering, just a heads up though.
Morning JB, happy trading today!
Yep, Sellers making out like bandits.
Positions:
$C weekly 26 calls @ .09 (lotto)
$ZNGA Aug 5 calls @ .47
$UNG w 21 puts @ .20
$WYNN w 95 calls @ .68
$DNDN 7 w calls @ .30 (lotto)
I grabbed a few of the August 5 calls for .47 when it got pummeled down yesterday. I think it will run a bit today back up to 5.25.
Yep, I've had her on my watchlist to short for a while, its a no brainer the day of FOMC talks. Benny always lets her down for at least 30 mins.
$GLD starting to move PM. Looking strong above 50 dma
Seems we're going to open green today..interesting.
All in as in all of your capital? If so, kudos to you and your brass balls sir!
I second that.
Psht, Kate Upton can't hold Mila Kunis' jock.
IMPORTANT: Don't lose your heads. Focus and do research on calls/stocks you want to buy in the near future, or what you feel is showing weakness and could break down substantially.
Just saying that sometimes people get caught up in one company and their earnings and won't look at other opportunities. Good luck and have a great night everyone!
Uh oh..
I'm gonna get pounded tomorrow.
This will get faded, imo.
Yep, but on top of that (and probably most importantly), there's chatter of the housing market showing real signs of improvement. I think that rumor paired with a green day could really spur us over $26 with the quickness. Glad you got in!
Lots of $C 26 calls getting snatched up. Over 1k contracts the last 10 minutes.
$C Weekly 26 calls .10 x .11
In @ .09