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Your numbers are off by a bit (that's 2 decimal places. It's traded about $2.4M not $248M. I had 30,000,000+ shares and sold them all. I'm sure that this is another BS P&D but someone is definitely accumulating here at .0006. My feeling is that there is another P&D scheme coming very soon. I personally wouldn't get involved in this thing as I believe the twitter acct is BS and I held this thing over a decade and finally made a 5 bagger so i'm done with it. Like I said this is total BS IMO but someone is accumulating that is for sure. I wish all holders luck but I would sell and never look back.
Darren,
I was able to sell my whole position through etrade last week. The term opening trade means an initial trade in a security so if you already have traded that stock previously you can still buy it. If people are naive enough to buy it then that is on them. I've held this POS for 12 years or so but I ended up making over 5X my money so I'm happy. Made money trading it before it finally got hit off the BB so I was up overall anyway. To me, this is "FREE MONEY" and anyone who has been sitting with this one should just get out and thank their lucky stars IMO.
Just want to thank you all for getting this thing going. Had 35m shares at .00015 for over a decade. Sold last week at avg px of .0008. It took over a decade but worth the 5 bagger and I will never look back. I don't care if it goes to .01. Was a dead issue for me and I made money. If you are a holder I would advise the same. Take the free money and run for the hills.
I am a bear at heart and I am getting very close to going all in on SPY/IWM Puts. At this point it feels to me that the market is just going up for the sake of going up. What I mean by that is people like to see GREEN days. The volume is so light that after any attempt at a sell off is met with players that just want to see green so as there is no resistance on the upside they rally it into the close with the hope of a follow through in the am. Someone over the weekend stated that he didn’t see signs of irrational exuberance or something such as that. The market going up 1000 PTS in 10 weeks is not irrational? The market is up 25% in just under a year. Is that rational? Do we all think that this most tepid economic rebound after a severe recession (some might have even called it a depression) is worthy of a 25% run?
That prospect of tax cuts and repatriation should have brought us a 10%-12% increase at most. ER’s are up YOY about 10-12% but that is against downgraded expectations.
I am NOT at the point where I think we will get a pullback yet but I’m getting dam close.
All these bullish analysts when questioned about ridiculous valuations have only one comeback... multiple expansion. Multiple Expansion? Are you kidding me? That’s your answer? We are already way past normal multiples and the only bull case you can make is multiple expansion? That to me signals why will will be getting ready for a pullback, not a massacre by any stretch just a 5-7% pullback.
I think we head lower before we head higher. I am looking for a pullback to $200 (SPY) first stop and then to $195 or possibly $190-$192.50 area. It won't be in a straight line down though. You will see bounce back days like today (at least that is where it looks like we are headed this morning) but I believe we are trending down.
I do think that this market will head to $217-219ish this year in the first half but then we head lower again IMO. I think that will be the high for the year and then we trend lower again the 2nd half. I wouldn't be surprised to see the market end the year below $200 but we may also see it get there before December with a chance they try to have a Santa rally to bring it above that level.
Vish
I haven't traded much in the last month until last week. I had a very good week though but I had small losses the prior week. I bought a bunch of SPY $207.50P @ .205 and I converted 1/2 of them into $207.50/$205.50 PS. I sold the $205.50P @ .75 (over 3.5X my cost of the $207.50's) creating spreads @ a .545 CREDIT!
I sold the spreads at an avg price of $1.51 effectively selling them at $2.055 with a zero cost basis...INFINITY BAGGER!!
Prior to that I had sold the $207.50P that I didn't convert into spreads @ $2.995 a 14+ bagger.
I also traded some IWM Puts on Friday buying them @ .135 and selling them @ .17. Small Profit.
Currently I have 3 positions:
IWM Mar 31 $121P @ .17 - (this was actually a mistake. I thought I was buying Apr 3 Puts).
TKMR Apr $19C @ .35
TGTX Apr $17.50C @ .75
An Editorial (and what I think about the market)
So durable goods came out this morning and it was much weaker than expected. In fact almost all economic #'s since the Fed stopped pumping money into the system have been weak and some would say bad. Pretty much the lone exception to that is the labor market or at least unemployment #'s. But let's take a look at this. Unemployment has dropped to 5.5% from 10% but not quite at the 2007 level of 5%. That looks good on the surface but lets a bit deeper. Is all as it seems? I don't think so. Median household income has dropped 8.34% according to the latest statistics since 2007. More people have left the labor force. Avg salary has decreased as people have taken lower paying jobs and many that are counted as now employed are part time workers (which are called "under employed". Take a look at an article from US News and World Report below...
The Bureau of Labor Statistics' most comprehensive alternative measure of unemployment and underemployment (which it calls U6) includes the unemployed, the marginally attached and those involuntarily working part-time. It stood at 11 percent in February, 2.2 percentage points higher than at the start of the recession. By that measure, about 17.5 million people are unemployed or underemployed, or twice the 8.7 million people in the official unemployment measure.
Standing out among the unemployed are the long-term unemployed, who have been looking for a job for more than 6 months. They represent more than 31 percent of the unemployed (the largest figure in the half century before the Great Recession was 26 percent). At over 1.7 percent, long-term unemployment is still twice what it was at the start of the recession.
Just as unemployment remains too high, employment is still too low. The share of the population with a job, known as the employment-to-population ratio, reflects both the unemployment rate and the labor force participation rate (the share of the population working or actively looking for work). The sharp rise in unemployment in the Great Recession caused the employment-to-population ratio to fall about four percentage points to levels last seen in the 1980s; declining labor force participation kept it from rising from 2010 through 2013 even as the unemployment rate fell. And it has risen only modestly over the past year as labor force participation has stopped falling but remains low.
Sluggish wage growth is the final indicator of labor market slack. With many more jobseekers than jobs, employers have faced little pressure to raise wages, and they haven’t.
So what is my reason for this article? Of course after durable goods came out this morning the SPY popped about .45. Bad news is good again?! Really?? When the Fed stopped pumping they also stayed accommodative. No need to raise interest rates yet. We'll do it slowly. To hell with the balance sheet! I fear that this policy action by the Fed will come home to roost and it might not be pleasant. Stimulus had it's purpose and it worked. It got us out of the recession. But the recession ended in the 2nd half of 2009. I would say that staying the course through 2011 or maybe even 2012 should have been enough stimulus. Heck, keep the rates at zero through 2012 or even midway through 2013 and then move back to normalization. But stimulus through 3/4 of 2014 and 0% rates through the 1st half of 2015? Seriously...
I feel it is time (way past time) to take the training wheels off and let the economy find it's legs. Will the economy get weaker? Probably. Mainly because it is way overdue and the economy has come to depend on this fantasy. Normalize rates. Let the economy absorb the increases and find it's footing. But wait.... what will that do to the equity markets? What will the bond market do and what will happen to all of the overinflated assets? We can't let that happen!! God forbid we get corrections!
Ask yourself this...
Is this economy better than it was in 2007? Are we all better off than we were then? The market was overvalued in 2007 and was due for a correction (before the carnage happened). Now we are at levels that are 33% higher than we were at the all time highs of 2007. Does that make sense? I think it's time we viewed bad news as bad news and not good news for markets because the Fed won't act. Enough is enough from the Fed IMO.
So I believe we are at an inflection point here. I think we will start to come to a bit of reality. I don't think we are in for a major sell-off but I think we are starting a moderate pullback to at least Spy $200 first stop (within a week or two) with a real possibility that we start a longer term downtrend to where I've been stating since last Nov/Dec. I think we go to $190 maybe even $185 on an overshoot. Not all at once but I see us trending down with steep bounces in between.
I loaded up yesterday on Weekly $207.50 Puts and I am starting to buy Puts out a week and two and some Aprils. FWIW
Wish
I have been too jammed at work to trade for the past couple of weeks. The market is stuck in a narrow range. I agree with your sentiment but as long as there is no other place to get returns money will keep coming into equities. I said that I thought we would see a 5-7% move up in SPY but I thought we would have a 7-10% drop 1st which we didn't get. We are getting close to the upper end of my target where I do think we will get a decent pullback.
If emerging markets and Europe start to settle and show signs of recovery (it actually has started) you will see a lot of foreign money leaving US equities and go there. That is when you will see the pullback IMO.
Le2dynasty
if you want to learn about options, fine ask me anything. But do not talk to me about BB and Pinks here. This is an options board.
omars
we are at a major inflection point here. One of the reasons I didn't play so much last week (besides being way too busy at work) was because when the market started gapping and holding the gains it threw my thinking out of whack. Now that it closed at new highs I will see if it can hold these gains or if it will reverse. If it continues higher I will play Calls for a play to 212ish. If it can't hold the gains and reverses I will jump into Puts again.
Trades and Positions
ACHN Mar 20 $13C @ .566
BLK Feb 20 $350P to $1.22
NKE Feb 20 $90P to .70
TGTX Feb 20 $15/$17.50CS @ .196
Closed Trades
AAPL $118P to .35 - expired
GOOGL $520P to $1.196 - expired
GS $180P to .533 - expired
PCLN $995/$990PS to .27 - expired
QQQ Feb 13 Puts
$103P to .586 - expired
$102.50P to .44 - expired
$102P to .30 - expired
SPY Puts Feb 13
$204P to .82 - expired
$203P to .56 - expired
$202.50P to .47 - expired
$202P to .396 - expired
$201P to .266 - expired
V $262.50P to $1.063 - expired
VXX Feb 13 Calls
$35.50C to .623 - expired
$36C to .523 - expired
TSLA Feb 20 $205P to $4.93 traded around $197.50P to lower my avg to .745 - sold my Puts @ $7.15 - This trade saved me from total disaster this week...
The beauty of options...
I lost on 15 of 16 closed trades this week
and I had $4200 in losses in the losers
I ended up losing only $997.50 because i made $3202.50 on the one winner.
Looking at it from a pure play basis I got creamed but looking at the overall picture (considering) it wasn't horrible.
Trades and Positions - Avg's Today
Today's Trades Underlined
We still may see some up and down here a little but I think this market tanks by EOW
AAPL $118P to ..35
ACHN Mar 20 $13C @ .80
BLK Feb 20 $350P to $1.22
GOOGL $520P to $1.196
GS $180P to .533
NKE Feb 20 $90P to .70
PCLN $995/$990PS to .27
QQQ Feb 13 Puts
$103P to .586
$102.50P to .44
$102P to .30
SPY Puts Feb 13
$204P to .82
$203P to .56
$202.50P to .47
$202P to .396
$201P to .266
TGTX Feb 20 $15/$17.50CS @ .196
TSLA Feb 20 $205P to $4.93
V $262.50P to $1.063
VXX Feb 13 Calls
$35.50C to .623
$36C to .523
Trades and Positions
As you can tell I have a strong opinion on this market!
As I said in my post over the weekend, I think we were close to the top. I was hoping for a spike up on the open so I could sell buy Puts but we got the opposite. So I had to be patient because I don't like to chase. When SPY failed when it went green, I jumped in...
We still may see some up and down here a little but I think this market tanks by EOW
AAPL $118P @ .54
ACHN Mar 20 $13C @ .80
BLK Feb 20 $350P @ $1.96
GOOGL $520P @ $1.41
GS $180P @ .87
NKE Feb 20 $90P @ .80
PCLN $995/$990PS @ .57
QQQ Feb 13 Puts
$103P @ .74
$102.50P @ .58
$102P @ .42
SPY Puts Feb 13
$204P @ $1.06
$203P @.78
$202.50P @ .63
$202P @ .55
$201P @ .37
TGTX Feb 20 $15/$17.50CS @ .196
TSLA Feb 20 $205P @ $5.05
V $262.50P @ $1.15
VXX Feb 13 Calls
$35.50C @ .91
$36C @ .75
My Current View on the Market...
I think we have just seen or are very close to a near term top. I think we will start to go down now (although I am hoping for a gap up Monday so I can enter Puts (and VXX Calls) at better prices). We will get the Pullback to $195-$197 or possibly even $190-$192 (with a real outside chance of $187 if the market really gets spooked somehow). I then think we will start a rally to between $219 - $223 by Q3. I then see us fading as the year comes to an end. I think we hit those SPY highs in the 3rd qtr and then we fade from there.
Trades and Positions - Friday Final...
Didn't do much this week. Too busy at work. Was a losing week for me...
UNG Feb 6 $16/$16.50CS avg to .04 - EXPIRED
New Trade
PCLN $990P @ $4.45 - EXPIRED
TGTX Feb 20 $15/$17.50CS @ .196
ced
yes I do.
Restripe
I don't think we've seen the bottom yet but we are rally close. I would play USO as a pure oil play
Trades and Positions - Friday Final...
BIDU Jan 30 $210P @ $1.35 -sold 1/3 @ $2.86 - bal expired
IWM Jan 30 Puts
$113.50P @ .44 - sold 1/2 @ $1.85 - leaves 1/2 - Bal expired
$114.50P @ .54 - sold 1/2 @ $2.23 - leaves 1/2 - Bal expired
$115 @ .31 - expired
SPY Jan 30 Puts
$198P @ $1.03 - sold 1/2 @ $3.085 - leaves 1/2 - Bal expired
$199P @ $1.15 - sold 1/2 @ $3.455 - leaves 1/2 - Bal expired
$201P @ .38 - sold 1/3 @ .85 - sold 1/3 @ $1.80 - sold bal @ .98
$201.50P @ .49 - sold @ $1.25
$202P @ .53 - - sold 1/3 @ $1.15 - sold 1/3 @ $2.44 sold bal @ $1.65
$202.50P @ .68 - sold 1/3 @ $1.33 - sold 1/3 @ $2.74 - sold bal @ $2.08
$203P @ $1.08 - sold 1/2 @ $3.17 sold bal @ 2.61
VXX Jan 30 Calls
$34C @ .31 - sold 1/2 @ $1.62 - sold bal @ .94
$35C @ .226 - sold 1/2 @ $1.15 - sold bal @ .45
$35.50C @ .223 - sold 1/2 @ .93 - sold bal @ .265
AAPL $110P @ $1.48 - sold 1/2 @ $3.285 - bal expired
AMZN Jan 30 $292.50/$290PS @ .36 - sold 1/3 @ .99 - bal expired
QQQ Jan 30 $101.50/$101PS - .04 CREDIT!! - sold @ .25 - effective sale 0f .29 with a zero Cost
UNG Feb 6 $16/$16.50CS avg to .04
AAPL $115P @ .42 - expired
PCLN $1000/995PS @ .45 CREDIT! - expired with a .45 CREDIT Profit
PCLN $1002.50/$995PS @ .75 - expired
PCLN $1005/$1000PS @ $1.15 - expired
WDC $104/$105CS @ .20 - expired
WYNN $162.50/$165CS @ .35 - expired
WYNN $150/$148PS @ .33 - sold @ .85
New Trade
CAT Feb 6 $77.50/$77PS @ .07
No. It is the only post I can't access. Very strange
Vant
thank you. That's crazy. I show the post number and everything but no way to access the post. It doesn't even show the "headline".
vant
my post 227670 disappeared. can you check on that. It has my latest posted trades and I want to update it. I copy and paste and make my changes so I know that I got em all.
thanks.
Nolerman
As you know I am Bearish on the market and I'm not as bullish on this economy as the rest of the "pundits". So do I agree with what you posted? Yes.... and no.
I agree that these companies should be lowering guidance (some of them anyway). But as far as I'm concerned these companies at long last have figured out the game. Most stocks now are trading at all time highs (or close to it), so why not jump on the "lower the guidance" bandwagon as we will probably be thrown out with the bath water anyway. We will lower our guidance 10% or more worse than it really is, we will take our lumps here for a month or so and then when we beat our lower #'s we will race to all time highs again!
So these are our options:
1. retain current guidance and when next qtr ER's get released we take a 20%-40% haircut when we miss and we stay there for months
2. we lower guidance to reality and we take a 2%-5% haircut now and then who knows how the market reacts when we post our next er's
3. we guide much lower, we take a 2%-10% haircut now and after a week we start to go back up and find a level and when we beat er's next qtr we zoom to all time highs even though the "beat" is lower than original estimates were.
This is the psychology of the idiots running money - so you might as well take advantage of it as a CEO.
mr dreadpirateroberts
(BTW one of my favorite movies). I have a real job that takes up most of my day. I post real time in the OM chat room. If you care to look back at my prior posts you will see that I telegraph my trades for the most part. I tell you where I think the market is going and when I plan to enter my trades. I said the levels when I was going to jump into my plays (Calls or Puts) and told you the stocks I planned on getting Calls in as well as the SPY, IWM and VXX Puts I play regularly. I tell you at what levels in SPY that I plan on jumping into my plays and tell you where I think SPY is going as well as where I think the stocks that i'm playing might go but that might change depending on market conditions.
You may be skeptical and you have that right if you don't know me but just look at my prior posts starting from the beginning of January, for instance, or ask any chat room member if I don't post my trades and telegraph them ahead of time.
I am deeply opinionated about the market and and I'm not bashful about sharing my opinions. As a former MM I have a different insight into the market than most. I am not a momentum player I'm a contrarian and I buy when everyone is selling and I sell when everyone is buying. I am usually early and I scale into and out of my positions. Many think I'm a little crazy when I jump in front of a moving train or when I try and catch falling knives but that is my style. I don't pretend to be able to pick exact tops and bottoms but I'd rather be ahead of it and be a little early than having to chase a reversal and potentially miss it or pay too high. If I feel strongly about something I will be in front of it and buy into the weakness multiple times.
Trades and Positions - Wednesday Final...
Today's Trades Underlined
BIDU Jan 30 $210P @ $1.35 -sold 1/3 @ $2.86
IWM Jan 30 Puts
$113.50P @ .44 - sold 1/2 @ $1.85 - leaves 1/2
$114.50P @ .54 - sold 1/2 @ $2.23 - leaves 1/2
$115 @ .31
SPY Jan 30 Puts
$198P @ $1.03 - sold 1/2 @ $3.085 - leaves 1/2
$199P @ $1.15 - sold 1/2 @ $3.455 - leaves 1/2
$201P @ .38 - sold 1/3 @ .85 - sold 1/3 @ $1.80
$202P @ .53 - - sold 1/3 @ $1.15 - sold 1/3 @ $2.44
$202.50P @ .68 - sold 1/3 @ $1.33 - sold 1/3 @ $2.74
$203P @ $1.08 - sold 1/2 @ $3.17
VXX Jan 30 Calls
$34C @ .31 - sold 1/2 @ $1.62
$35C @ .226 - sold 1/2 @ $1.15
$35.50C @ .223 - sold 1/2 @ .93
AAPL $110P @ $1.48 - sold 1/2 @ $3.285
AMZN Jan 30 $292.50/$290PS @ .36 - sold 1/3 @ .99
QQQ Jan 30 $101.50/$101PS - .04 CREDIT!!
UNG Feb 6 $16/$16.50CS @ .063
Closed Trades
FB Jan 30 $73.50P @ $1.10 - sold 1/4 @ $2.93 - sold bal @ $1.65
CAT Jan 30 $81.50/$80PS @ .18 - sold @ $1.15
IBM $155WP @ .50 - sold @ $2.135
NFLX $$435WP @ $2.41 - created $435/$430PS @ .35 and sold @.92 WYNN $150/$148PS @ .33 - sold @ .85
X $22.50WC @ .27 - sold @ $1.32
NEW TRADES...
AAPL $115P @ .42
PCLN $1000/995PS @ .45 CREDIT!
PCLN $1002.50/$995PS @ .75
PCLN $1005/$1000PS @ $1.15
WDC $104/$105CS @ .20
WYNN $162.50/$165CS @ .35
SPY $201.50P @ .49
Change the Mindset
So what have I been saying since December? We are no longer in a BTFD market, we are in a STFR market. All rallies MUST BE SOLD at this point in time. I originally stated that I was looking for $195-$197 by EOM but a day or two ago I tempered it a bit to $195-$197 by 2nd week of Feb. The way things are feeling, EOM just might be right (but I think it will probably be 1st week Feb at this point). I also stated that I am ultimately looking for $190-$192 with a possibility we see the $180's. This will happen in February some time IMO. I also stated that I do think we will ultimately see SPY be up 5%-7% this year but I don't think it ends the year there. I think after the sell-off we will have a sharp rip up and then a steady march up to the highs of the year. I anticipate this by the end of Sept if not sooner. Then we see another sell-off into the end of the year. Santa will NOT take us to new highs next year, he will be leading us lower.
I also think that after this summer, reality will set in and the rate hikes will be a comin'. Steady 1/4 pt moves each meeting. My target is steady increases until 1 1/2 pts at least. They will find that the economy in the US will start to get sluggish at that point (by end of 2nd qtr next year) which will lead to the EOY decline.
JUST TO BE CLEAR...
I am not saying that you need to become a bear or even bearish as I am, I am just saying that you need to understand the importance of trading both sided of the market and to understand that the dynamics of the market have changed over the past two months...
So now that you see that there are many out there that feel the way I do (or at least I think so) you should seriously consider changing the mindset. If you can't learn to trade a bad market you will be left out in the cold. You will either get hammered on BTFD's or you will be sitting on the sidelines doing nothing. The opportunities to make money with Puts (and well timed Calls for the quick sharp (dead cat) bounces) is far greater than the opportunities than trading up markets. You just CAN'T BE SCARED. You are not shorting where your risk is limitless. Puts and Calls both have the same Risk profile. I've been preaching this for years and I still see the same people saying the same things about losing money on dead cat bounces. BTFD does not work in this market unless you are willing to scalp for small gains.
Don't get caught holding the bag! You must learn to lose the fear of Puts and bad markets. There is just too much money to be made.
Change the Mindset
So what have I been saying since December? We are no longer in a BTFD market, we are in a STFR market. All rallies MUST BE SOLD at this point in time. I originally stated that I was looking for $195-$197 by EOM but a day or two ago I tempered it a bit to $195-$197 by 2nd week of Feb. The way things are feeling, EOM just might be right (but I think it will probably be 1st week Feb at this point). I also stated that I am ultimately looking for $190-$192 with a possibility we see the $180's. This will happen in February some time IMO. I also stated that I do think we will ultimately see SPY be up 5%-7% this year but I don't think it ends the year there. I think after the sell-off we will have a sharp rip up and then a steady march up to the highs of the year. I anticipate this by the end of Sept if not sooner. Then we see another sell-off into the end of the year. Santa will NOT take us to new highs next year, he will be leading us lower.
I also think that after this summer, reality will set in and the rate hikes will be a comin'. Steady 1/4 pt moves each meeting. My target is steady increases until 1 1/2 pts at least. They will find that the economy in the US will start to get sluggish at that point (by end of 2nd qtr next year) which will lead to the EOY decline.
So now that you see that there are many out there that feel the way I do (or at least I think so) you should seriously consider changing the mindset. If you can't learn to trade a bad market you will left out in the cold. You will either get hammered on BTFD's or you will sitting on the sidelines doing nothing. The opportunities to make money with Puts (and well timed Calls for the quick sharp (dead cat) bounces) is far greater than the opportunities than trading up markets. You just CAN'T BE SCARED. You are not shorting where your risk is limitless. Puts and Calls both have the same Risk profile. I've been preaching this for years and I still see the same people saying the same things about losing money on dead cat bounces. BTFD does not work in this market unless you are willing to scalp for small gains.
Don't get caught holding the bag! You must learn to lose the fear of Puts and bad markets. There is just too much money to be made.
optionsnyc
albabynyr@gmail.com
it may take a little while for me to get back to you though.
Trades and Positions - Wednesday Final...
Today's Trades Underlined
BIDU Jan 30 $210P @ $1.35 -sold 1/3 @ $2.86
IWM Jan 30 Puts
$113.50P @ .44 - sold 1/2 @ $1.85 - leaves 1/2
$114.50P @ .54 - sold 1/2 @ $2.23 - leaves 1/2
$115 @ .31
SPY Jan 30 Puts
$198P @ $1.03 - sold 1/2 @ $3.085 - leaves 1/2
$199P @ $1.15 - sold 1/2 @ $3.455 - leaves 1/2
$201P @ .38 - sold 1/3 @ .85 - sold 1/3 @ $1.80
$202P @ .53 - - sold 1/3 @ $1.15 - sold 1/3 @ $2.44
$202.50P @ .68 - sold 1/3 @ $1.33 - sold 1/3 @ $2.74
$203P @ $1.08 - sold 1/2 @ $3.17
VXX Jan 30 Calls
$34C @ .31 - sold 1/2 @ $1.62
$35C @ .226 - sold 1/2 @ $1.15
$35.50C @ .223 - sold 1/2 @ .93
AAPL $110P @ $1.48 - sold 1/2 @ $3.285
AMZN Jan 30 $292.50/$290PS @ .36 - sold 1/3 @ .99
QQQ Jan 30 $101.50/$101PS - .04 CREDIT!![/color]
UNG Feb 6 $16/$16.50CS avg to .063
Closed Trades
FB Jan 30 $73.50P @ $1.10 - sold 1/4 @ $2.93 - sold bal @ $1.65
CAT Jan 30 $81.50/$80PS @ .18 - sold @ $1.15
IBM $155WP @ .50 - sold @ $2.135
NFLX $$435WP @ $2.41 - created $435/$430PS @ .35 and sold @ .92
X $22.50WC @ .27 - sold @ $1.32
NEW TRADES...
AAPL $115P @ .42
PCLN $1000/995PS @ .45 CREDIT!
WDC $104/$105CS @ .20
WYNN $150/$148PS @ .33
WYNN $162.50/$165CS @ .35 for ER's - screwed up - er's are next week - date was unofficial
thx all
Trades and Positions - Tuesday Final...
Today's Trades Underlined
BIDU Jan 30 $210P @ $1.35 -sold 1/3 @ $2.86
IWM Jan 30 Puts
$113.50P @ .44 - sold 1/2 @ $1.85 - leaves 1/2
$114.50P @ .54 - sold 1/2 @ $2.23 - leaves 1/2
$115 @ .31
SPY Jan 30 Puts
$198P @ $1.03 - sold 1/2 @ $3.085 - leaves 1/2
$199P @ $1.15 - sold 1/2 @ $3.455 - leaves 1/2
$201P @ .38 - sold 1/3 @ .85
$202P @ .53 - - sold 1/3 @ $1.15
$202.50P @ .68 - sold 1/3 @ $1.33
$203P @ $1.08
VXX Jan 30 Calls
$34C @ .31
$35C @ .226
$35.50C @ .223
AAPL $110P @ $1.48 - sold 1/2 @ $3.285
AMZN Jan 30 $292.50/$290PS @ .36 - sold 1/3 @ .99
X $22.50WC @ .27
QQQ Jan 30 $101.50/$101PS @ .055
UNG Feb 6 $16/$16.50CS @ .09
Closed Trades
FB Jan 30 $73.50P @ $1.10 - sold 1/4 @ $2.93 - sold bal @ $1.65
CAT Jan 30 $81.50/$80PS @ .18 - sold @ $1.15
IBM $155WP @ .50 - sold @ $2.135
NFLX $$435WP @ $2.41 - created $435/$430PS @ .35 and sold @ .92
NEW TRADES...
WDC $104/$105CS @ .20
WYNN $150/$148PS @ .33
WYNN $162.50/$165CS @ .35 for ER's - Playing both sides
Trades and Positions - Tuesday...
Today's Trades Underlined
BIDU Jan 30 $210P @ $1.35 -sold 1/3 @ $2.86
IWM Jan 30 Puts
$113.50P @ .44 - sold 1/2 @ $1.85 - leaves 1/2
$114.50P @ .54 - sold 1/2 @ $2.23 - leaves 1/2
$115 avg to .31
SPY Jan 30 Puts
$198P @ $1.03 - sold 1/2 @ $3.085 - leaves 1/2
$199P @ $1.15 - sold 1/2 @ $3.455 - leaves 1/2
$201P avg to .38
$202P avg to .53
$202.50P avg to .68
$203P @ $1.08
VXX Jan 30 Calls
$34C avg to .31
$35C avg to .226
$35.50C avg to .223
AAPL $110WP @ $1.48 - sold 1/3 @ $3.05
AMZN Jan 30 $292.50/$290PS @ .36 - sold 1/3 @ .99
X $22.50WC @ .27
QQQ Jan 30 $101.50/$101PS @ .055
UNG Feb 6 $16/$16.50CS @ .09
Closed Trades
FB Jan 30 $73.50P @ $1.10 - sold 1/4 @ $2.93 - sold bal @ $1.65
CAT Jan 30 $81.50/$80PS @ .18 - sold @ $1.15
IBM $155WP @ .50 - sold @ $2.135
NFLX $$435WP @ $2.41 - created $435/$430PS @ .35 and sold @ .92
NEW TRADES...
WDC $104/$105CS @ .20
WYNN $150/$148PS @ .33
WYNN $162.50/$165CS @ .35 for ER's - Playing both sides
Thx JB!
Trades and Positions...
Open Positions...
BIDU Jan 30 $210P @ $1.35 -sold 1/3 @ $2.86
FB Jan 30 $73.50P @ $1.10 - sold 1/4 @ $2.93
IWM Jan 30 Puts
$113.50P @ .44 - sold 1/2 @ $1.85 - leaves 1/2
$114.50P @ .54 - sold 1/2 @ $2.23 - leaves 1/2
$115 avg to .31
SPY Jan 30 Puts
$198P @ $1.03 - sold 1/2 @ $3.085 - leaves 1/2
$199P @ $1.15 - sold 1/4 @ $3.455 - leaves 1/2
$201P avg to .38
$202P avg to .53
$202.50P avg to .68
VXX Jan 30 Calls
$34C avg to .31
$35C avg to .226
$35.50C avg to .223
NEW TRADES...
AAPL $110WP @ $1.48
AMZN Jan 30 $292.50/$290PS @ .36
CAT Jan 30 $81.50/$80PS @ .18
IBM $155WP @ .50
NFLX $$435WP @ $2.41 - plan to sell $430's against
X $22.50WC @ .27
QQQ Jan 30 $101.50/$101PS @ .055
UNG Feb 6 $16/$16.50CS @ .09
Trades and Positions...
Open Positions...
BABA Jan 23 $100P @ .87 - sold 1/3 @ $2.75 - sold 1/3 @ 4.20 - leaves 1/3 - bal will probably expire
BIDU Jan 23 $217.50P @ $1.64 - sold 1/3 @ 5.55 - bal will probably expire
BIDU Jan 30 $210P @ $1.35 -sold 1/3 @ $2.86
CMG Jan 23 $700P @ $4.69 - sold 1/2 @ $10.50 - Sold 1/4 @ $10.50 - sold Bal @ $3 - overall avg $8.625
FB Jan 23 $75P @ .43 - sold 1/2 @ $2.15 - bal will probably expire
FB Jan 30 $73.50P @ $1.28 - sold 1/4 @ $2.93
IWM's
Jan 23's
$115P @ .50 - sold 1/3 @ $1.55 - sold 17% @ $2.07 - leaves 1/2 - bal will probably expire
$116P @ .67 - sold 1/3 @ $1.93 - sold 17% @ $2.67 - leaves 1/2 - bal will probably expire
Jan 30's
$113.50P @ .59 - sold 1/4 @ $1.66 - sold 1/4 @ $2.04 - leaves 1/2
$114.50P @ .74 - sold 1/4 @ $2 - sold 1/4 @ $2.46 - leaves 1/2
SBUX Jan 23 $80P @ .99 - sold 1/3 @ $2.10 - - bal will probably expire
SPY
Jan 23's
$200P @ .80 - sold 1/3 @ $2.91 - sold 17% @ $3.35 - leaves 1/2 - - bal will probably expire
$200.50P @ .88 - sold 1/3 @ $2.96 - sold 17% @ $3.56 - leaves 1/2 - - bal will probably expire
$201.50P @ $1.06 - sold 1/3 @ $3.60 - sold 17% @ $4.11 - leaves 1/2 - - bal will probably expire
Jan 30's
$198P @ $1.03 - sold 1/4 @ $2.86 - sold 1/4 @ $3.31 - leaves 1/2
$199P @ $1.15 - sold 1/4 @ $3.24 - sold 1/4 @ $3.67 - leaves 1/2
VXX Jan 23 $35C @ .94 - sold 1/3 @ $2.55 - sold 1/3 at $1.35 -bal will probably expire
New Positions (from Tuesday)
AAPL $109C @ .65 - sold @ $2.335 avg - 3.5 Bagger
IBM $152.50/$150PS @ .60 - sold @ .55 ( had a triple+ but didn't take it. I thought it would test $150) I blew it!
NEW PUT POSITIONS (started way too early)
IWM Jan 30 Puts
$113.50P @ .44
$114.50P @ .54
$115P @ .65
SPY Jan 30 Puts
$201P @ .73
$202P @ .96
$202.50P @ .99
VXX Jan 30 Calls
$34C @ .69
$35C @ .52
$35.50C @ .45
my suggestion to you is to take one of the 15 day free trials to the OM chatroom. You will get a world of knowledge there. Read my sticky post (on top in yellow)
I actually got them at .65 not .69. and I placed the order for 10 Calls at 12:00:07 pm yesterday and got executed at 01:10:03 pm yesterday.
thank you!
yes I do. I think we get a spike up today and then we fall
Trades and Positions...
Open Positions...
BABA Jan 23 $100P @ .87 - sold 1/3 @ $2.75 - sold 1/3 @ 4.20 - leaves 1/3
BIDU Jan 23 $217.50P @ $1.64 - sold 1/3 @ 5.55
BIDU Jan 30 $210P @ $1.35 - sold 1/3 @ $2.86
CMG Jan 23 $700P @ $4.69 - sold 1/2 @ $10.50 - Sold 1/4 @ $10.50 - leaves 1/4
FB Jan 23 $75P @ .43 - sold 1/2 @ $2.15
FB Jan 30 $73.50P @ $1.28 - sold 1/4 @ $2.93
IWM's
Jan 23's
$115P @ .50 - sold 1/3 @ $1.55 - sold 17% @ $2.07 - leaves 1/2
$116P @ .67 - sold 1/3 @ $1.93 - sold 17% @ $2.67 - leaves 1/2
Jan 30's
$113.50P @ .59 - sold 1/4 @ $1.66 - sold 1/4 @ $2.04 - leaves 1/2
$114.50P @ .74 - sold 1/4 @ $2 - sold 17% @ $2.46 - leaves 1/2
SBUX Jan 23 $80P @ .99 - sold 1/3 @ $2.10
SPY
Jan 23's
$200P @ .80 - sold 1/3 @ $2.91 - sold 17% @ $3.35 - leaves 1/2
$200.50P @ .88 - sold 1/3 @ $2.96 - sold 17% @ $3.56 - leaves 1/2
$201.50P @ $1.06 - sold 1/3 @ $3.60 - sold 17% @ $4.11 - leaves 1/2
Jan 30's
$198P @ $1.03 - sold 1/4 @ $2.86 - sold 1/4 @ $3.31 - leaves 1/2
$199P @ $1.15 - sold 1/4 @ $3.24 - sold 1/4 @ $3.67 - leaves 1/2
VXX Jan 23 $35C @ .94 - sold 1/3 @ $2.55
New Positions (today)
AAPL $109C @ .65
IBM $152.50/$150PS @ .60 (ER's play)
Diversification and because i'm a trader. As an MM I traded 40-200 staocks at a time. I even spread out my SPY and IWM plays because If they don't move as much as I think I can still make money on the other positions which means i'm more likely to take smaller gains on the the further out options instead of riding them and watching them go to zero on a reversal.