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PCLN - Trades...
Bold are trades from this am
$1240C @ $2.533 - avg to $1.766 (30)
$1250WC @ $1.63 - avg down to .91 (15)
PCLN - We are sitting at a pivot point here. It needs to break and hold $1222ish for a breakout. If it does hold I expect it to shoot to $1230 shortly and $1260-$1270 by EOW.
I have 1240's as stated earlier and I picked up $1250's @ $2.20 earlier.
I plan on creating spreads but at what price I do not know yet.
CED700
I don't have private. that is why i haven't answered you (and I've been way too busy at work).
Trades..
One trade yesterday..An avg down on PCLN....
PCLN June 27 $1240C @ $3.50 (5) - avg down to $2.533 (10) for a total of (15)
Waiting for market to spike a little so I could start to buy Puts.
I think we are way overdone to upside
Stutz
I think we are near the lows in the VIX, VXX. I do think that they make one more run at SPY $197-$198.50 but it does have me a bit confused here.
I had way too much tied up into the trade so when I saw it back off I had to sell it. What I should have done was to sell all the calls Thursday when it popped instead of creating spreads. I could have sold my 35's and 40's for a 50 or 60% loss instead of them expiring and I would have made 4 and 5 baggers on the 10's and 20's
Trades..
PCLN June 27 $1240C @ $3.50 (5)
Today's Trades & Positions...
Items in bold are since last posting
All June 21 unless specified
IBM $180P @ .296 - sold @ .08 - 73% loss
UNG July 19 $27C avg to .296
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free - sold bal at .20 - avg sale .55 - 48% gain shoulda sold em all at $1.25!
AAPL $93.57C avg to .13 - dead
AAPL Jun 27 $94.29C avg to .238
AAPL Jul 19 $100C avg to .201
IWM $115P .623 - dead
IWM $114P @ .383 - dead
IWM $113.50P @ .318 - dead
NFLX June 27 $425P avg to $1.909
NFLX $410P @ $1.71 - dead
PCLN $1210/$1230CS (22) @ .015 CREDIT! - Can't Lose trade - Sold spread @ $6.235 effective sale @ $6.25 x 22= $13750 profit - INFINITY BAGGER!
PCLN $1220$1230CS (20) @ .77 CREDIT! - Sold spread @ $1.90 - effective sale $2.67 x 20= $5340 profit - infinity bagger
PCLN $1235C avg to $2.18 (30) - will expire - $6540 loss
PCLN $1240C avg to $1.453 (36) - will expire - $5231 loss
PCLN overall play = $7319 Profit - definitely NOT worth all the risk I took -
SPY $193P avg to .831 - dead
SPY $192.50P avg to .67 - dead
SPY $192P avg to .541 - dead
SPY $191.50P avg to .455 - dead
VXX $33C avg to .448 - dead
Today's Trades & Positions...
Items in bold are since last posting
All June 21 unless specified
IBM $180P @ .296
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
AAPL $93.57C avg to .13
AAPL Jun 27 $94.29C avg to .376
AAPL Jul 19 $100C avg to .265
IWM $115P avg to .623
IWM $114P avg to .383
IWM $113.50P avg to .318
NFLX June 27 $425P avg to $2.068
NFLX $410P @ $1.71
PCLN $1230C - Sold (42) @ $4.82 avg creating....
PCLN $1210/$1230CS (22) @ .015 CREDIT! - Can't Lose trade - could make $20 per spread + .015 credit - and..........
PCLN $1220$1230CS (20) @ .77 CREDIT! - Guaranteed winner - could make $10.77 per spread
PCLN $1235C avg to $2.18 (30)
PCLN $1240C avg to $1.453 (36)
SPY $193P avg to .831
SPY $192.50P avg to .67
SPY $192P avg to .541
SPY $191.50P avg to .455
VXX $33C avg to .448
Today's Trades & Positions...
Items in bold are since last posting
All June 21 unless specified
IBM $180P @ .296
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
AAPL $93.57C avg to .13
AAPL Jun 27 $94.29C avg to .376
AAPL Jul 19 $100C avg to .265
IWM $115P avg to .623
IWM $114P avg to .383
IWM $113.50P avg to .318
NFLX June 27 $425P avg to $2.068
NFLX $410P @ $1.71
PCLN $1230C - Sold (42) @ $4.82 avg creating....
PCLN $1210/$1230CS (22) @ .015 CREDIT! - Can't Lose trade - could make $20 per spread + .015 credit - and..........
PCLN $1220$1230CS (20) @ .77 CREDIT! - Guaranteed winner - could make $10.77 per spread
PCLN $1235C @ $2.955
PCLN $1240C @ $2.41
SPY $193P avg to .831
SPY $192.50P avg to .67
SPY $192P avg to .541
SPY $191.50P avg to .455
VXX $33C avg to .448
Not now. SPY broke out so it's gonna go to $197.50-$199 probably
I'll be eating my Puts. Decent sized losses but I went from being down 5 figures on PCLN to being up 5 figures. I have a sh*tload of 4 different strikes.
Losing on
SPY Puts
IWM Puts
NFLX Puts
But Killing it now on PCLN
I do think it has more room. I'm thinking $1240-$1260 by EOW
PCLN - Holy Schnikies!!!!
I went from down five figures to ............
Keep Going Baby!!!!!
Me too.
I think it will and we will have a nice run. Remember that a $2 move is like a $14 move pre split
tdgnts
I hope that smart money is smarter than I have been for the past 3 days on this one!!
Just so you know I will probably be creating Call Spreads as this sucker goes north. I have WAY too many of these and when I say way too many I mean I have loads of 4 different strikes
Today's Trades & Positions...
Items in bold are since last posting
All June 21 unless specified
IBM $180P @ .296
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
AAPL $93.57C avg to .13
AAPL Jun 27 $94.29C avg to .376
AAPL Jul 19 $100C avg to .265
IWM $115P avg to .623
IWM $114P avg to .383
IWM $113.50P avg to .318
NFLX June 27 $425P avg to $2.417
NFLX $410P @ $1.71
PCLN $1210C avg to $4.805
PCLN $1220C avg to $4.05
PCLN $1235C @ $2.955
PCLN $1240C @ $2.41
SPY $193P avg to .831
SPY $192.50P avg to .67
SPY $192P avg to .541
SPY $191.50P avg to .455
VXX $33C avg to .448
Today's Trades & Positions...
Items in bold are since last posting
All June 21 unless specified
IBM $180P @ .296
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
AAPL $93.57C avg to .13
AAPL Jun 27 $94.29C avg to .376
AAPL Jul 19 $100C avg to .265
IWM $115P avg to .623
IWM $114P avg to .383
IWM $113.50P avg to .318
NFLX June 27 $425P avg to $2.417
NFLX $410P @ $1.71
PCLN $1210C @ $5.18
PCLN $1220C @ $5.60
PCLN $1235C @ $4.51
PCLN $1240C @ $3.69
SPY $193P avg to .831
SPY $192.50P avg to .67
SPY $192P avg to .541
SPY $191.50P avg to .455
VXX $33C avg to .448
Today's Trades & Positions...
Items in bold are since last posting
All June 21 unless specified
IBM $180P @ .296
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
AAPL $93.57C avg to .13
AAPL Jun 27 $94.29C avg to .376
AAPL Jul 19 $100C avg to .265
IWM $115P avg to .623
IWM $114P avg to .383
IWM $113.50P avg to .318
NFLX June 27 $425P @ $2.70
NFLX $410P @ $1.71
PCLN $1210C @ $5.18
PCLN $1220C @ $5.60
PCLN $1235C @ $4.51
PCLN $1240C @ $3.69
SPY $193P avg to .831
SPY $192.50P avg to .67
SPY $192P avg to .541
SPY $191.50P avg to .455
VXX $33C avg to .448
Today's Trades & Positions...
Items in bold are since last posting
All June 21 unless specified
IBM $180P @ .296
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
AAPL $93.57C avg to .21
AAPL Jun 27 $94.29C @ .48
AAPL Jul 19 $100C @ .285
IWM $115P avg to .623
IWM $114P avg to .383
IWM $113.50P avg to .318
NFLX $410P @ $1.71
PCLN $1210C @ $5.18
PCLN $1220C @ $5.60
PCLN $1235C @ $4.51
PCLN $1240C @ $3.69
SPY $193P avg to .831
SPY $192.50P avg to .67
SPY $192P avg to .541
SPY $191.50P avg to .455
VXX $33C avg to .448
NFLX - Can someone please explain to me how anal-ysts work and how they come up with their numbers? I'm only in this business for over 32 years and I can't figure out their BS!!
So we have an anal-yst at Morgan Stanley who puts a price target of $500 on the stock. His rationale is that US subscriber growth is going to jump 57% and non-US growth is going to double or maybe a bit more...by 2020!!!
OK - I'll give him that. Not only will I give him that but I'll even say that NFLX will quadruple their ER's from $3 a year to $12 (which I seriously doubt will even come close to happening, probably doubling would be more in line if that much). With that being said with his price target of $500 he thinks that NFLX is NOW worth 41.5x 2020 Er's!!! So he wants us to pay 41x 2020 ER's (which is 166x today's ER's) when in his own estimation the company is growing now at only 15%
Can somebody please tell me what I'm missing?
GM JB!
Let's have an awesome day!
Today's Trades & Positions...
Existing Positions
IBM June 21 $180P @ .296
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
NEW POSITIONS From Friday- all June 21 unless specified
and today's avg's
AAPL $93.57C avg to .27
AAPL Jun 27 $94.29C @ .48
AAPL Jul 19 $100C @ .285
IWM $115P avg to .623
IWM $114P avg to .383
IWM $113.50P avg to .318
NFLX $410P @ $1.71
PCLN $1220C @ $5.60
PCLN $1235C @ $4.51
PCLN $1240C @ $3.69
SPY $193P avg to .831
SPY $192.50P avg to .67
SPY $192P avg to .541
SPY $191.50P avg to .455
VXX $33C avg to .448
Today's Trades & Positions...
Existing Positions
IBM June 21 $180P @ .296
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
NEW POSITIONS From Friday- all June 21 unless specified
and today's avg's
AAPL $93.57C @ .295
AAPL Jun 27 $94.29C @ .48
AAPL Jul 19 $100C @ .285
IWM $115P avg to .775
IWM $114P avg to .49
IWM $113.50P avg to .395
NFLX $410P avg to $1.71
PCLN $1220C @ $5.60
PCLN $1235C @ $4.51
PCLN $1240C @ $3.69
SPY $193P avg to .895
SPY $192.50P avg to .73
SPY $192P avg to .615
SPY $191.50P avg to .485
VXX $33C avg to .525
Trades & Positions...
All are June 13 OPEX unless noted..
FB Jun 13 $61.50P @ .37 - expired
GOOGL $545P avg to .183 - - expired
IBM June 21 $180P @ .296
IWM $116.50P @ .625 - sold 1/4 @ $1.20 - sold another 1/4 @ $1.55 - sold bal @ .90
IWM $116P @ .53 - sold 1/4 @ .95 - sold another 1/4 @ $1.17 - sold bal @ .38
IWM $115.50P @ .3375 - sold 1/4 @ .69 - sold another 1/4 @ .83 - sold bal @ .17
IWM $112.50P @ .124 - expired
IWM $112P @ .092 - expired
IWM $111P @ .065 - expired
NFLX $400P @ .671 - expired
NFLX $425P @ $2.60 - sold 1/2 @ $3.50 - sold another 1/4 @ $5.90 - sold bal @ $7
PCLN $1212.50P avg to $1.81 - sold @ $11.51 - 6.3 Bagger!!
PCLN $1220P @ $1.416 - sold 1/3 @ $4.20 - sold bal @ $14.80 - 10+ Bagger!!
SPY $195P @ .48 - sold 1/3 @ $1.05 - sold another 1/3 @ $1.63 - sold bal @ .90
SPY $194.50P @ .33 - sold 1/3 @ .75 - sold another 1/3 @ $1.21 - sold bal @ .48
SPY $194P @ .245 - sold 1/3 @ .50 - sold another 1/3 @ .86 - sold bal @ .24
SPY $193P @ .186 - sold 1/3 @ .20 - sold another 1/3 @ .40
SPY $193.50P @ .425 - sold @ .23
SPY $192.50P @ .143 - sold 1/2 @ .14 - bal expired
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .07
V $207.50P @ .29 - expired
VXX $30.50C @ .345 - sold 1/3 @ $1.13 - sold another 1/3 @ $1.69 - sold bal @ $1.36
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.25 - 3.3 bagger - riding bal free
NEW POSITIONS - all June 21 unless specified
AAPL $93.57C @ .295
AAPL Jun 27 $94.29C @ .48
AAPL Jul 19 $100C @ .285
IWM $115P @ .83
IWM $114P @ .53
IWM $113.50P @ .45
NFLX $410P @ $1.97
PCLN $1220C @ $5.60
PCLN $1235C @ $4.51
PCLN $1240C @ $3.69
SPY $1.93P @ $1.01
SPY $192.50P @ .83
SPY $192P @ .70
SPY $191.50P @ .57
VXX $33C @ .65
Trades & Positions...
All are June 13 OPEX unless noted..
FB Jun 13 $61.50P @ .37 - dead
GOOGL $545P avg to .183 - on life support
IBM June 21 $180P @ .296
IWM $116.50P @ .625 - sold 1/4 @ $1.20 - sold another 1/4 @ $1.55
IWM $116P @ .53 - sold 1/4 @ .95 - sold another 1/4 @ $1.17
IWM $115.50P @ .3375 - sold 1/4 @ .69 - sold another 1/4 @ .83
IWM $112.50P @ .124 - dead
IWM $112P @ .092 - dead
IWM $111P @ .065 - dead
NFLX $400P @ .671 - on life support
NFLX $425P @ $2.60 - sold 1/2 @ $3.50 - sold another 1/4 @ $5.90
PCLN $1212.50P avg to $1.81
PCLN $1220P @ $1.416 - sold 1/3 @ $4.20 - Riding Bal Free
SPY $195P @ .48 - sold 1/3 @ $1.05 - sold another 1/3 @ $1.63
SPY $194.50P @ .33 - sold 1/3 @ .75 - sold another 1/3 @ $1.21
SPY $194P @ .245 - sold 1/3 @ .50 - sold another 1/3 @ .86
SPY $193P @ .186 - sold 1/3 @ .20 - sold another 1/3 @ .40
SPY $193.50P @ .425
SPY $192.50P @ .143 - sold 1/2 @ .14
UNG July 19 $27C @ .3625 -
USO July 19 $36P @ .094
V $207.50P @ .29 - on life support
VXX $30.50C @ .345 - sold 1/3 @ $1.13 - sold another 1/3 @ $1.69
VXX Jun 21 $32C @ .372
BOLD indicates trades done since last post
JB
We will see. If the markets continues lower I will make out all right but if it reverses i'll be a loser. Took some losses too. I coulda sold a few of them yesterday for gains (like TSLA and CMG) instead of dumping for losses.
I am certainly in a slump. I started selling too early and it cost me But I could still make some coin if market tanks again by tomorrow.
Trades & Positions...
All are June 13 OPEX unless noted..
CMG $555P @ $1.5875 - sold @ .55 - 65% Loss
FB Jun 13 $61.50P @ .37 - dead
GOOGL $545P avg to .29 - on life support
IBM June 21 $180P @ .296
IWM $116.50P @ .625 - sold 1/4 @ $1.20
IWM $116P @ .53 - sold 1/4 @ .95
IWM $115.50P @ .3375 - sold 1/4 @ .69
IWM $112.50P @ .124 - on life support
IWM $112P @ .092 - on life support
IWM $111P @ .065 - on life support
NFLX $400P @ .671 - dead
NFLX $425P @ $2.60 - sold 1/2 @ $3.50
PCLN $1212.50P @ $4.265 - dead
PCLN $1220P @ $1.416 - on life support
SPY $195P @ .48 - sold 1/3 @ $1.05
SPY $194.50P @ .33 - sold 1/3 @ .75
SPY $194P @ .245 - sold 1/3 @ .50
SPY $193P @ .186 - sold 1/3 @ .20
SPY $192.50P @ .143 - sold 1/2 @ .14
SPY $192P @ .115 - sold @ .09 - out - 22% Loss
SPY $191.50P @ .098 - sold @ .06 - out - 39% Loss
TSLA $200P @ $1.345 - sold @ .70 - 48% Loss
UNG July 19 $27C avg to .3625 -
USO July 19 $36P avg to .094
V $207.50P @ .29 - on life support
VXX Jun 21 $32C @ .372 - sold 1/3 @ $1.13 - Riding Bal Free
VXX $30.50C @ .345
BOLD indicates trades done since last post
Trades & Positions...
All are June 13 OPEX unless noted..
CMG $555P @ $1.5875
FB Jun 13 $61.50P @ .37
GOOGL $545P avg to .29
IBM June 21 $180P @ .296
IWM $116.50P @ .70
IWM $116P @ .53
IWM $115.50P @ .37
IWM $112.50P @ .124
IWM $112P @ .092
IWM $111P @ .065
NFLX $400P @ .671
NFLX $425P @ $2.60
PCLN $1212.50P avg to $5.72
SPY $195P @ .48
SPY $194.50P @ .33
SPY $194P @ .245
SPY $193P @ .186
SPY $192.50P @ .143
SPY $192P @ .115
SPY $191.50P @ .098
TSLA $200P @ $1.345
UNG July 19 $27C @ .50
USO July 19 $36P @ .143
V $207.50P @ .29
VXX Jun 21 $32C @ .372
VXX $30.50C @ .345
BOLD indicates trades done since last post
Trades & Positions...
All are June 13 OPEX unless noted..
CMG $555P @ $1.5875
FB Jun 13 $61.50P @ .37
GOOGL $545P avg to .29
IBM June 21 $180P @ .296
IWM $116.50P @ .70
IWM $116P @ .53
IWM $115.50P @ .37
IWM $112.50P @ .124
IWM $112P @ .092
IWM $111P @ .065
NFLX $400P @ .671
PCLN $1212.50P avg to $6.94
SPY $195P @ .48
SPY $194.50P @ .33
SPY $194P @ .245
SPY $193P @ .186
SPY $192.50P @ .143
SPY $192P @ .115
SPY $191.50P @ .098
TSLA $200P @ $1.345
UNG July 19 $27C @ .50
USO July 19 $36P @ .143
V $207.50P @ .29
VXX Jun 21 $32C @ .408
BOLD indicates trades done since last post
Trades & Positions...
All are June 13 OPEX unless noted..
FB Jun 13 $61.50P avg to .37
GOOGL $545P @ .43
IBM June 21 $180P @ .296
IWM $112.50P avg to .124
IWM $112P avg to .092
IWM $111P avg to .065
NFLX $400P @ .671
PCLN $1212.50P avg to $7.098
SPY $193P avg to .186
SPY $192.50P avg to .143
SPY $192P avg to .115
SPY $191.50P avg to .098
TSLA $200P @ $1.345
UNG July 19 $27C @ .50
USO July 19 $36P @ .143
V $207.50P @ .29
VXX Jun 21 $32C avg to .408
Hopefully!!!!
Trades & Positions...
All are June 13 OPEX unless noted..
GOOGL $545P @ .43 (avg down Fri & Today)
IBM June 21 $180P @ .296
IWM $112.50P @ .2325
IWM $112P @ .166
IWM $111P @ .116
NFLX $400P @ .671 (avg Friday afternoon)
PCLN $1212.50P @ $7.496
SPY $193P @ .338
SPY $192.50P @ .27
SPY $192P @ .216
SPY $191.50P @ .195
TSLA $200P @ $1.345 (avg Friday afternoon)
UNG July 19 $27C @ .50
USO July 19 $36P @ .143 (avg this morning)
V $207.50P @ .29 (avg this morning)
FB Jun 13 $61.50P @ .45
VXX Jun 21 $32C @ .436 (after avg this morning)
Trades (avg downs...)
All are June 13 OPEX unless noted..
GOOGL $545P @ $1.0725
IBM June 21 $180P @ .296
IWM $112.50P @ .2325
IWM $112P @ .166
IWM $111P @ .116
NFLX $400P @ .802
PCLN $1212.50P @ $7.496
SPY $193P @ .338
SPY $192.50P @ .27
SPY $192P @ .216
SPY $191.50P @ .195
TSLA $200P @ $1.491
UNG July 19 $27C @ .50
USO July 19 $36P @ .22
V $207.50P @ .391
FB Jun 13 $61.50P @ .45
Trades (avg downs...)
All are June 13 OPEX unless noted..
GOOGL $545P @ $1.2575
IBM June 21 $180P @ .355
IWM $112.50P @ .365
IWM $112P @ .2775
IWM $111P @ .1725
NFLX $400P @ $1.107
PCLN $1212.50P @ $7.496
SPY $193P @ .515
SPY $192.50P @ .41
SPY $192P @ .33
SPY $191.50P @ .27
TSLA $200P @ $1.634
UNG July 19 $27C @ .50
USO July 19 $36P @ .22
V $207.50P @ .515
My Current Positions...
All are June 13 OPEX unless noted..
GOOGL $545P @ $1.2575
IBM June 21 $180P @ .41
IWM $112.50P @ .49
IWM $112P @ .395
IWM $111P @ .245
NFLX $400P @ $1.524
PCLN $1212.50P @ $7.496
SPY $193P @ .65
SPY $192.50P @ .52
SPY $192P @ .42
SPY $191.50P @ .36
TSLA $200P @ $1.948
UNG July 19 $27C @ .50
USO July 19 $36P @ .22
V $207.50P @ .55
I will probably avg down once more today on the pop this morning and then I'll ride it out.
Top
I am about to post my trades from yesterday. I am Still Bearish.
The following are my posts on chat from yesterday....
Why am I bucking the tape now? A few reasons.... 1. Stupidity?? Probably 2. Stubborness - maybe to an extent but the real reason for me...... common sense... it usually catches up with the market after big runs like this.
So the ECB is going to negative rates - That's great! Is it really? The Euro economy has only one country that has positive growth - Germany... Their economy is really struggling and Germany does not like this move by the ECB one bit.
The economy? they keep making excuses for misses and they say - you;ll see next quarter. ok i'll wait.... NOT!! So call me whatever but these are my thoughts!
I believe we HAD a rally and I think we're near or at the top. I was definitely wrong the past few weeks and it stung me good but I just can't believe STUPIDITY won't subside ever. Reality will hit and we will get a PB. I thought it was gonna rally to $197.50 to $199ish but I still thought it needed a further PB before we got it. My view is beginning to change now. I think this is the rally and it is near a top and we will have a drop and then a slow fade into the dog days.
My thoughts after this mornings #'s haven't changed a bit. Pretty much in line but down 12% from last month. I think we have the obligatory knee jerk up and then we will start to fade. Some statistics from the report this morning....
The number of persons employed part time for economic reasons (sometimes referred to as
involuntary part-time workers), at 7.3 million, changed little in May. These individuals
were working part time because their hours had been cut back or because they were unable
to find a full-time job. (See table A-8.)
In May, 2.1 million persons were marginally attached to the labor force, essentially
unchanged from a year earlier. (The data are not seasonally adjusted.) These individuals
were not in the labor force, wanted and were available for work, and had looked for a
job sometime in the prior 12 months. They were not counted as unemployed because they
had not searched for work in the 4 weeks preceding the survey. (See table A-16.)
Among the marginally attached, there were 697,000 discouraged workers in May, little
different from a year earlier. (The data are not seasonally adjusted.) Discouraged
workers are persons not currently looking for work because they believe no jobs are
available for them. The remaining 1.4 million persons marginally attached to the labor
force in May had not searched for work for reasons such as school attendance or family
responsibilities. (See table A-16.)
To me these numbers are telling. Also the quality of jobs being produced are much lower than 5 years ago.
JMHO
My Trades and Current Positions...
HORRIBLE WEEK LAST WEEK FOR ME!
Current Positions...
ATHN May 30 $95P @ .47
GLD Jun 6 $125.50C @ .755
GOOGL Jun 6 $550P @ $2.425
IBM Jun 6 $180P @ .34
ICPT May 30 $250C @ $2.50
IWM $110P @ .33
IWM $109.50P @ .25
IWM $109P @ .18
NFLX May 30 $385P @ $1.64
PCLN May 30 $1165P @ $3.39
SPY $189P @ .38
SPY $188.50P @ .29
SPY $188P @ .22
SPY Jun 6 $187 @ .46
SPY Jun 6 $186@ .32
SLV Jun 6 $19C avg to .205 (200)
TLT Jun 6 $113C @ .60
TSLA Jun 6 $195P @ $2.07
TWTR May 30 $29P @ .20
V Jun 6 $205P @ .53
VIX June 18 $13C @ .$1.25
VIX June 18 $14C @ .85
Later Dated Positions
NFLX Sep 20 $275/$230PS (5) @ $4.04 CREDIT!!
NFLX Sep 20 $275/$250PS (5) @ $4.44 CREDIT!!
CALL Jun 21 $17.50C (16) @ $1 (already sold (8) @ $6.99)
CALL Jun 21 $25C (32) @ .39
CALL Jun 21 $17.50C @ .15
My Trades and Current Positions...
These are all May 23 except where specified...
HORRIBLE WEEK FOR US BEARS!
ATHN May 30 $95P @ .47
CMG $492.50P @ $2.496 - DEAD
FB $58P avg to .205 - DEAD
IWM $109P @ .39 - sold 1/3 @ $1.15 - 3 bagger - leaves 2/3 - sold bal @ .18 - overall 38% gain
IWM $108.50P @ .2925 - sold 1/3 @ .91 - 3 bagger - leaves 2/3- sold bal @ .12 - overall 31% gain
IWM $108P @ .2375 - sold 1/3 @ .70 - 3 bagger - leaves 2/3- sold bal @ .07 - overall 15% gain
IWM $107.50P @ .17 - sold 1/3 @ .51 - 3 bagger - leaves 2/3- sold bal @ .05 - overall 20% gain
IWM $109.50P avg to .18
MA $72.50P avg to .096 - DEAD
LNKD $145P @ .93 - DEAD
PCLN $1115P @ $1.17 - DEAD
PCLN $1150P avg to .595
PCLN $1160P @ $1.35
SPY $187.50P @ .32 - on life support
SPY $187P @ .255 - DEAD
SPY $186.50P .19 - DEAD
SPY $186P .145 - DEAD
SLV Jun 6 $19C avg to .23 (125)
TSLA $190P @ $1.675 - DEAD
TSLA $160P @ .20 - DEAD
TSLA $170P @ .455 - DEAD
VIX June $14C @ .95
Z $105P avg to .7175 - DEAD
Later Dated Positions
NFLX Sep 20 $275/$230PS (5) @ $4.04 CREDIT!!
NFLX Sep 20 $275/$250PS (5) @ $4.44 CREDIT!!
CALL Jun 21 $17.50C (16) @ $1 (already sold (8) @ $6.99)
CALL Jun 21 $25C (32) @ .39
CALL Jun 21 $17.50C @ .15
Disaster week for me unless a miracle happens today...
Plays i'm watching for next week and beyond (still very bearish FWIW) - watching now waiting for entry
GOOGL Jun 6 $550P
IBM Jun 6 $180P
IWM and SPY - strikes TBD
LNKD Jun 6 $150P
NFLX May 30 $385P
PCLN May 30 $1150P
TLT Jun 6 $113C
TLT Aug $108P
TSLA Jun 6 $195P
Z May 30 $108P (these will depend on housing #'s today whether I will play or not)
Z Jun 6 $105P (these will depend on housing #'s today whether I will play or not)
My Trades and Current Positions...
These are all May 23 except where specified...
HORRIBLE WEEK FOR US BEARS!
AMZN $290P @ $1.89 - sold @ $1 - 47% Loss
ATHN May 30 $95P @ .47
BIDU $152.50P @ .483 - sold @ .24 - 50% Loss
CMG $492.50P @ $2.496 - on life support
FB $58P avg to .205
GOOGL $520P @ .385 - sold @ .20 - 48% Loss
IBM $185/$182.50 (20) @ .06 CREDIT - sold @ .47 - effective sale .53 - INFINITY BAGGER!
IWM $109P @ .39 - sold 1/3 @ $1.15 - 3 bagger - leaves 2/3
IWM $109.50P @ .48
IWM $108.50P @ .2925 - sold 1/3 @ .91 - 3 bagger - leaves 2/3
IWM $108P @ .2375 - sold 1/3 @ .70 - 3 bagger - leaves 2/3
IWM $107.50P @ .17 - sold 1/3 @ .51 - 3 bagger - leaves 2/3
MA $72.50P avg to .096 - on life support
LNKD $145P @ .93 - DEAD
NFLX $347.50P @ $1.66 - sold @ .38 - 77% Loss
PCLN $1100P @ .975 - sold @ $1.083 and rolled into...
PCLN $1115P @ $1.17 - on life support
PCLN $1150P @ $1.30
SPY $187.50P @ .32 - on life support
SPY $187P @ .255 - on life support
SPY $186.50P .19 - on life support
SPY $186P .145 - on life support
SLV Jun 6 $19C avg to .23 (125)
TSLA $190P @ $1.675 - DEAD
TSLA $160P @ .20 - DEAD
TSLA $170P @ .455 - DEAD
VIX June $14C @ .95
Z $105P avg to .7175 - on life support
Later Dated Positions
CALL Jun 21 $17.50C (16) @ $1 (already sold (8) @ $6.99)
CALL Jun 21 $25C (32) @ .39
CALL Jun 21 $17.50C @ .15
NFLX Sep 20 $275/$230PS (5) @ $4.04 CREDIT!!
NFLX Sep 20 $275/$250PS (5) @ $4.44 CREDIT!!
I bailed on them yesterday morning but after another push here today I will re-enter the trade