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well, it seems it was a good idea, but you can always say that at EOD =)
BAC, what a run! its in overbought now, RSI over 70!
you are right, i will not stand against a massive trend
lol! xlf will be in RSI overbought level today if it goes up as much as expected
me2, its out of control, XLF up 5%
omg, BAC at $15.10 at PM Level2
XLF up 5% in PM!!! someone thinking of puts as a quick trade?
XLF up 5% in PM!!! someone thinking of puts as a quick trade?
morning jimmy and friends
thanks, good morning
XLF May $11 Calls now at $1.60, up 220% since i mentioned it here =)
thanks, but it would have been a little bit more disciplined to hold at least till EOD yesterday, had my automatic sellorder in and just watched how it went up and up and up... at EOD it would have been 110% :(
thanks buba, i still want to continue playing financials with XLF.
btw, im whining too, sold my contracts for 40% profit but could have sold them for 110% profit later the same day! but ok, lets motivate ourselves by saying "profit is profit"
you play the naked options very well buba!! i papertraded it and look forward to do in some day in real.
just sold my XLF calls for a 40% profit after holding 1 week.
looking to reenter now in June calls after a pullback
sold XLF calls at $0.70, 40% profit
looking to reenter in June calls after pullback
hey amigos! my XLF calls are doing good, i hope to sell for a 40% profit tomorrow or at a possible run EOD.
nice! i dont have enough margin to sell naked :/
hey 3xbuba, i see you are bearish on financials, right?
well, im in XLF calls right now. i dont say financials look great, but im going with the market and the trend is up right now. i think maybe puts and calls should rise in value, i expect some premium appearing before stress test release, its like earnings, just more important.
good luck, i hope you make it! but watch out for banks stress test release, it may make financials really volatile
upb, fedex, i have the same opinion as you guys. i think its not rational that the market rallied so much since march or that it continues up on news like GDP down yesterday. but i will not go against the trend, too risky.
just do what the market does and you will win, no matter if its dumb
hey millionaires! my XLF calls are looking good today!
leveraged ETFs cant always perform like they are supposed to, 7.25% is ok if XLF is down 3%, have seen worse...
im long XLF with May $11 Calls avg at $0.50
i think the overall mood is still positive and that the uptrend will hold. it should at least touch $11 again.
only worry is time, may contracts expire soon
whats your opinion on it?
i was playing XLF to the upside but now it looks like it doesnt know where to go. maybe this earningsweek makes it cautios...but i tend to be long financials
im looking to get back into XLF calls tomorrow morning if it opens red. opinions pls
im looking to get back into XLF calls tomorrow morning if it opens red. opinions pls!
sounds reasonable =)
any special reason? chartwise it looks like it moves with the market.
hey jimmy, what are you playing?
im in XLF calls
ok, thanks for that info, good luck
thats like a buysignal from american bulls
you scalp the stock or options?
thanks
right now its working out, gooo XLF!
great buba, im in XLF calls right now!
good morning friends! gooooo XLF!!!
absolutely agree!
i bought me calls on friday at close, couldnt believe it went down that much on monday, it was an overreaction imo. so i averaged down on monday at close. right now im positive again and if it continues running today i will be very happy!
yeahhhh, go XLF!! what a ride, i started buying my calls on friday and was down over 50% and now im in positvie regions, all since friday
thanks for that answer, i just saw an article talking about that. but do we agree that financial sector looks better than 2 months ago? i mean they started making money again.
irish, do you have an explanation for that?
when i saw yesterday before the bell that BAC exceeded estimates by 10 times i thought it would fly.
is it down because of a comment that there could still be negative things to come??
congrats, i should have asked you before gettin in XLF calls on friday