FebOE Stuff?
Just as we thought, both Bears and Bulls would be in dislocation watching Thursday’s price action and da-Boyz did NOT disappoint in regard to said dislocation, You Go BOYZ!?
We used Opening prices to sell short Feb46 puts in an attempt to protect our gains on the long Feb47 put position. And by 11:15 am we had taken profits on half of our Feb47 puts and also closed the Feb46 puts sold short earlier and posted even more gains. But then it happened, by 11:26am the Q’s breached the 44.37 closing price, closed the Gap, and but kept on climbing!
Was a Freakin Pattern Violation in progress, not sure at this point but by 11:33am price tagged 44.68 and a confirmed violation was born! And by 11:42 am we Sold short Feb48 puts to protect against more Up action and a good thing we did! We actually traded in and out of Feb48 puts a couple times and that helped us make a very healthy gain today!
Today’s healthy gain of $5.04 was helped by us trading mostly DOUBLES and QUADS and we ended the day with a Short bias. And we should have a Short bias based on two things, first off was the 4.0% move in price from low to high (45.59 / 43.82 = 4.0%), and secondly, the Q’s still failed to CLOSE above the OE Pivot, 45.35 and until it Closes ABOVE said line we Must remain suspicious of any upward price action!?
The Good news is that we had plenty of positions in place to help us post gains as price moved AGAINST us, the better news is we recognized the Pattern Violation and took fast decisive action to avoid Catastrophic losses!
We’re now positioned, Again, to play Both sides and meet da-Boyz at whichever lines meet their under-Lie-ing agenda, hence, we’ll go forward with intentions to prosper accordingly!?
OE Pivot, 45.35, close on 18Jan
High, 45.87, up 1.1%
Low, 41.61, dn -8.2%
Close, 45.13, dn -0.5%
Spread, 3.16
PM, 9.3%, Wow, 9.3% in first four days, Nearly Unprecedented!)
No new Highs and No New Lows were posted!
We start today with the following Open OE Port positions:
Short positions (expecting the Q's to go Down), controlling 12k shares
Feb42 puts at 0.565, (QUAD), bought long
Feb47 puts at 2.685, (QUAD), bought long
Feb44 calls at 1.545, (QUAD), sold short
Long positions (expecting the Q's to go Up), controlling 10k shares
Feb42 calls at 3.25, (DOUBLE), bought long
Feb45 calls at 2.03, (QUAD), bought long
Feb46 calls at 0.64, (QUAD), bought long
This gives us Net Shortl da-Q's bias going into today and we'll use said Bias to play intraday Short plays to protect our Core positions and to post gains in an effort to minimize our pending losses on Open Positions.
These intraday plays are strategic in nature and will help us post profits that will off-set our losses incurred during this OE period as we HOLD Core positions indefinitely (see below side notes, Pending Gains/Loses)!
DCB (Dead Cat Bounce or NOT)
While the OVER-Whelming pundits, self-Proclaim-r’s, Messiah’s and/or “Prophet’s” of TA, Charts, Fibs & Lies have pretty much Baked in a DCB to Launch from these levels, we expect a Pre-DCB Discount wave to extend Down to the S5, 42.52, and maybe even see an extension to the S6, 41.95, intraday before WeakAsskie Shorts RUN for da-Border and take profits?
We posted Super gains yesterday as we traded in and out of Both puts and calls intraday and unloaded for same day profits. Hence our FebOE profits increased by $5.04 to $18.98 as we started the day with $13.94 in profits!
Those gains are actually very good since most of our gains usually come a couple weeks into the OE period. Mostly just positioning our pawns, bishops, and knights during the first couple weeks so it’s a bonus to post modest profits already!
Btw…if you don’t play Chess then I suggest you STOP trading Immediately and go learn da-Game, da-Chess game dat is! But don’t stop dare, stay away until you can actually BEAT someone at Chess. Otherwise, as most players who read to learn vs. actual experience, you’ll have learned just enough to lose your SorryAsskie life Savings, Get-it, Got-it, GOOD!
Side note (Pending Gains/Losses):
These gains/losses will post when positions are removed and/or expire!
Pending Loss(s)
Feb45 calls (QUAD) at 2.03 – 1.06(closing $) = -0.97 x 4 = $-3.88
Feb42 puts (QUAD) at 0.565 – 0.35 (closing $) = -0.215 x 4 = $-0.86
Feb42 calls (DOUBLE) at 3.25 – 3.19 (closing $) = -0.06 x 2 = $-0.12
Feb47 puts (QUAD) at 2.685 – 2.55 (closing $) = -0.135 x 4 = $-0.54
Feb44 calls (QUAD) at 1.545 – 1.66 (closing $) = -0.115 x 4 = $-0.46
Pending Gain(s)
Feb46 calls (QUAD) at 0.64 – 0.68 (closing $) = 0.04 x 4 = $0.16
Net gain/-loss pending for above open positions at the close = $-5.70
This pending gain/-loss(s) is dependent on our ability to navigate this OE period with the utmost precision in regard to da-Boyz! Not to worry, we suspect da-OEPM factor will shed some light on da-Boyz and their Footprints of meaning (True intentions), LOL!?
Gain/-Loss History:
JanOE, $10.40 (up 20.2%, $10.40 into 51.85 = 20.2%)
FebOE, Pending
For your viewing pleasure da-OEPM 4cast-r says.....?
Date Open High Low Close
25-Jan 45.86 45.87 43.94 43.99
28-Jan 44.02 44.44 43.57 44.33
29-Jan 44.56 44.68 44.04 44.42
30-Jan 44.24 45.32 44.18 44.37
31-Jan 43.87 45.59 43.82 45.13
4cast
1-Feb 44.75 45.49 44.24 44.57
And in da-Spirit of da-Boyz club and their House rules, we remain committed to being BOTH Long and Short at the same time so as to be READY and ABLE to meet-em at whichever lines they decide suits their fancy and at a time and/or day of their choosing (Ohhhhh BOYYYYOYZ, come, and, GET US, LOL)!?
In summary, YOU GO BOYZ and do your thing, but remember this, we got your Back, Front, and any other side you choose to expose as you paint dem dare pictures, I guess Boyz will be Boyz now won’t They, LOL!?
Good trades ALL,
nm
BONUS OE STUFF, Remember – the CLOSING price tells ALL in regard the OEPM factor!
OE key Pivot Points
R8, 49.89, 10%
R7, 49.32, 8.75%
R6, 48.75, 7.5%
R5, 48.18, 6.25%
R4, 47.62, 5% , Now our Primary Bounce Target but we’ll likely have to complete the “W” bottom first!?
R3, 47.05, 3.75%
R2, 46.48, 2.5%, Pre-Launch Target into 25/28Jan?
R1, 45.92, 1.25%
Pivot, 45.35, 0.0% , Our Primary target to confirm Launch Mode, prices MUST Close and Stay above this line!
S1, 44.78, -1.25%
S2, 44.22, -2.5%
S3, 43.65, -3.75%
S4, 43.08, -5% , tagged 23Jan and now Serious Support on a Closing basis
S5, 42.52, -6.25%
S6, 41.95, -7.5%, Absolutely Awesome to tag the -7.5% down marker so SOON!
S7, 41.38, -8.75%, Came within pennies of the S7 but I suspect we’ll NOT visit this level until June?
S8, 40.82, -10%
Most importantly, ARE you having FUN YET, I know I am!
FYI - we post EVERY trade in real time and in many cases post pre-trade sell and buy orders with trigger prices in anticipation of our 4cast! So ENJOY da-Show as we rat out da-Boyz club and have a little FUN while we're at it (I hope da-Boyz don't read dis-post otherwise they'll be GUN-ing for us - AGAIN, LOL!
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