$USD looks like its going to have a nice run this week. Golden cross in place, candlesticks riding right along the 50 MA.




$VIX looks like its ready to head north again, 30 held firm.




$INDU is currently below the 200 MA on the daily, and is about to cross below the 50 MA on the weekly.







FXE is below the 50 MA and 200 MA on both the daily and weekly charts.

VIX showing support above 30, looks like its heading north again next week. SPY weekly candlestick is currently below the 50 MA, VIX weekly candlestick is above the 200 MA.











Waiting till Monday for confirmation, $USD showing good support at 76.50, golden cross in place, looks like its heading north.




Watching TWC, CHK, BAC, DECK.

It would be crazy, we'll see what happens. Also got the infamous 11/11/11 next week.

We shall see, they're not mentioning the internet as of now, but I'll be surprised if the internet doesn't go down. It would cause a panic if they said the internet was going to be shut down. With all the internet bills going through congress now, it's just something to keep in the back of your mind, take it with a grain of salt.

Yea its going to shut down everything, phones, tv, internet. If its down for an hour or more it will be a massacre in the market.

http://www.fema.gov/emergency/ipaws/eas_info.shtm

Internet shut down on November 9th. FEMA is saying it will only be for 3 mins but a lot of techies are saying its impossible to shut everything down for only 3 minutes and reboot it like nothing happened. It's supposedly going to take much longer to get everything back up and running.

GNW puts for next week resistance right around 7, FSLR another leg down is coming, below 50 next week for sure.

lol yep, big money will be made on that one, those November 35 PUTS will be golden.

In AMZN 215 CALLS

Front vol is the front month volatility. Back vol is the back month volatility.

Newest Greek Euro Coin



They're calling it the "Zeuro"

I understand your aggravation man, but can you please take it somewhere else, all the bickering degrades this board.

Agree, getting pretty annoying.

lol

Smart move, always better to minimize your position. This POS is something else lol, earnings should be the last nail in the coffin.

GMCR going for nhod...

$DXY building support and trying to breakout, stocks do the opposite of it

$50 to $1020 overnight, only with options.

ANF got a nice hair cut today

DXY running

AMZN looks like it wants to test the 50 MA tomorrow.

Agree, still some hope in the tank but it is definitely starting to run out.

GMCR squeezing the shorts, when the market was testing support this morning it was breaking resistance.

DXY riding along the bottom bollie, FXE trying to breakout

no problemo

I wouldn't necessarily say one is better than the other, it all depends on the move you're expecting, the time frame you're expecting the move to happen in and the risk you're willing to take.

If you think a stock is going to test very low levels of support, deep out of the money options can be riskiest and the most profitable. The closer and closer the underlying comes to your strike price the faster and faster your option contract will raise in value. The opposite is also true, if the underlying moves away from your strike price and it's a weekly option chances are your option will expire worthless. (Your option contract does not need to reach your strike price before it's profitable. If GOOG is trading at 600 and you buy out of the money PUTS with a strike price of 580 and later that day GOOG drops to 584, your contracts would still be profitable even though the underlying didn't reach your strike price)

A deep in the money call option will basically move in unison with the underlying. You're paying a high premium for the contract because Delta is basically 1 to 1; if the underlying moves 1 dollar your option contract will move 1 dollar. Less risk and potentially less profit.

The examples I used above aren't that good because they don't show how the greeks affect your contracts.

I would say learn about the greeks and check out some of the videos in those links, they're very helpful. Below are some websites that are text based but also very informative.


http://www.optiontradingpedia.com/

http://www.learn-stock-options-trading.com/

http://www.swing-trading-options.com/

TDA, I highly recommend think or swim.

A few helpful links LT:


http://www.cybertradinguniversity.com/upcoming-events

http://education.investools.com/tdameritrade/SeriesView.iedu?key=IS#

http://forum.equis.com/forums/3144/ShowForum.aspx

http://www.swing-trading-options.com/learnoptiontrading.html

http://www.thinkorswim.com/tos/displayPage.tos?webpage=trainingProducts#lessons

My bad, the gap down from 125.50 to 122, if it does fill the gap and runs back to the 125s, then I would think a test of 200 ma is also coming.

Still some gas in the tank imo, might try to fill the gap down tomorrow.

good call DT

yep, DXY under 77, VIX taking a little drop

GMCR not following along with this run, very good sign.

Getting closer, dollar dropping fast

looking good

There she goes! Support at 61.50 turning into resistance

GMCR trying to break support at 61.50

Maybe a slow and steady drop from tomorrows high into friday

That seems like the safe play