MarOE Stuff?
Well, Well, Well, just goes to show that TA, Charts, Fibs & Lies are just dat, Much to do about nuttin!? How many play-ar’s were salivating at the Open and readying da-Troops for a Breakout, NOT, and anyone buying on the way down was getting dare Asskies BURNT, OUCH!?
While TA, Chart, Fibs & Lies play-ar’s salivated we FADE-ed their SorryAsskies and bought Mar46 puts! This move along with our Mar40 calls sold short earlier in the week hit the spot when prices fell nearly -2.5% from the Gap up high of 43.67 and even violated the S2, 42.72, intraday! We used said drop to un-wind those Mar46 puts and Mar40 calls for some nice profits that got our weekly OE gain up to $7.20, and we went from starting the day with a Net OE loss of $-9.60 to ending the day with a Net OE loss of $-0.68 (this Net OE loss is basically the liquidation value at that day’s closing prices, see “Gain/-Loss History” below)!
More importantly we snatched up some Mar44 calls to add to our Mar45 and Mar46 calls purchased the day before! And Why Un-load short plays and add long ones, auhh, didn’t we say the S2, 42.72, is a Key Pivot and could provide a reversal, well, did we, LOL!?
This key pivot, 42.72 or the dn -2.5% marker, mandated our bias to continue to unwind shorts and add longs and we stayed disciplined in our trading charter and took action! But what if we were, well, “WRONG” and prices did not reverse? Auhh, you’re kidding right, we’d simply re-deploy short plays, yes?
Remember Folks, CLOSE-ing price is King and watching prices rise back up and close at or near our 4cast close of 43.74, off by .06 cents, whatever, allowed us to maintain our Long bias with little concern about re-deploying short plays!
That said - our currently deployed pawns, bishops, and knights are going to allow us to FADE our SorryAsskieSelves as prices move up to our R2, 44.92 target! Better still, we’ll be able to Short with reckless abandon as prices attempt a RAID on the R3, 45.36 and we’ll be Un-Winding longs and taking Serious profits if da-Boyz go for Broke and tag the R4, 46.01 next week?
Btw ALL, there are MANY Prognosticators and Everyone has an opinion, good for them! But we be here to make YOU Money and could care less about being Right or Wrong, as a matter of fact, we be wrong plenty of times but being able to ascertain said "Wrong-ness" is our specialty, and being able to hedge said probable "Wrong" outcome is in our Charter! Therefore we go forward every day posting our trades in Real time, many times in advance using price triggers, then add-em up each day, then tallying the Final Numbers to confess for ALL to see the Good , da-Bad, and da-Ugly!
OE Pivot, 43.82, close on 15Feb
High, 44.50, up 1.6%
Low, 42.60, dn -2.8%, new low 22Feb
Close, 43.68, dn -0.3%
Spread, 1.90
PM, 4.3%
We start today with the following Open OE Port positions:
Short positions (expecting the Q’s to go Down), controlling 8k shares
Mar41 puts at 0.60, (80 contracts), bought long
Long positions (expecting the Q’s to go Up), controlling 28k shares
Mar41 calls at 3.495, (80 contracts), bought long
Mar44 calls at 0.79, (QUAD), bought long
Mar45 calls at 0.70, (QUAD), bought long
Mar46 calls at 0.44, (QUAD), bought long
Mar47 puts at 3.07, (80 contracts), sold short
This gives us a Net Long 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)
WooHoo, It’s SHOWTIME and Somebody STOP-em, da-Boyz dat is, LOL! We expect the Q’s to breach the R2, 44.92 and make a RUN for the R4, 46.01 next week and we Aim to Bee Dare when da-Boyz get dare! We have QUAD call options at the 44.00, 45.00 and 46.00 lines and we’ll be FADE-ing those positions when we get dare! In addition we have our CORE Mar41 call position of 80 contracts and these will allow us to post ridiculous gains if we make a Run for the R4, 46.01!
We posted Awesome gains yesterday as we traded in and/or out of puts and/or calls intraday and unloaded core positions to post some daily profits. Hence our MarOE profits increased by $5.44 to $7.20 as we started the day with $1.76 in profits!
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)
Mar41 calls (80) at 3.495 – 3.20 (closing $) = -0.295 x 8 = $-2.36
Mar45 calls (40) at 0.70 – 0.66 (closing $) = -0.04 x 4 = $-0.16
Mar46 calls (40) at 0.44 – 0.36 (closing $) = -0.08 x 4 = $-0.32
Mar41 puts (40) at 0.60 – 0.39 (closing $) = -0.21 x 8 = $-1.68
Mar47 puts (40) at 3.07 – 3.49 (closing $) = -0.42 x 8 = $ -3.36
Pending Gain(s)
Mar44 calls (40) at 0.79 – 1.13 (closing $) = 0.34 x 4 = $ 1.36
Net gain/-loss pending for above open positions at the close = $-7.88
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, $18.28 (up 40.3%, $18.28 into 45.35 = 40.3%) ($36.50 in gains less $18.22 in losses)
MarOE, $-0.68 ($7.20 in gains less $-7.88 in Open position losses)
For your viewing pleasure da-OEPM 4cast-r says.....?
Date Open High Low Close
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!
R8, 48.2, 10%
R7, 47.65, 8.75%
R6, 47.11, 7.5%
R5, 46.56, 6.25%
R4, 46.01, 5%, Serious Resistance and a GO Short level if tagged!
R3, 45.46, 3.75%
R2, 44.92, 2.5%, Our Primary Target for the wk of 01Mar!
R1, 44.37, 1.25%
Pivot, 43.82, 0.0%
S1, 43.27, -1.25%, Already tagged intraday 19Feb, Whatda!
S2, 42.72, -2.5%, Our Primary Target for the wk of 23Feb, Yep – Tagged 22Feb!
S3, 42.18, -3.75%
S4, 41.63, -5%, Serious Support and a GO Long level if tagged!
S5, 41.08, -6.25%
S6, 40.53, -7.5%
S7, 39.99, -8.75%
S8, 39.44, -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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