MarOE Stuff?
Surprise, Surprise, Down and Down she’ll go and where she stops nobody knows, well, except da-Boyz and da-OEPM of course but the Longs keep on getting their Asskies BURNT and it’s likely to continue!?
That said, the heat is about to be reversed and it’s gonna be da-Shorts turn to FEEL da-Heat!? Therefore we continue to Fade lower prices and reverse our Short bias! We ended the day Net Long as we control 24k shares long and 16k shares short, see Open positions below!
There will be Few Play-ar’s that survive da-Boyz wrath and I suggest MOST Play-ar’s just “Step Aside Please. Please Step Aside”, LOL? I know some tried to play yesterday and got BURNT but today may be even worse as some players will be WIPED OUT or Taken outta da-GAME as they attempt to navigate da-Boyz Dew-ings, OUCH!?
Our Primary Target this week is the S4, 41.63, or the down -5.0% marker. That said, we’ve already tagged the R1, 44.37, and even got as high as 1.6% above the OE Pivot, 43.82 so a move down to 41.63 will give us a weekly PM of 6.6%, Awesome and a great start to the MarOE!
People… this is a FIVE week OE with ONLY 23 trading days since we have TWO Holidays tucked in dis-OE period! This portends some FUN things to come as da-Boyz paint pictures of Sugar Plums dancing in da-Bulls Heads and we’ll use said picture painting to ready for the Compulsive Cascading Exhaustive Capitulative Discount Wave that is sure to Follow ANY move higher!?
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, 43.24, dn -1.3%, new low 20Feb
Close, 43.94, up 0.3%
Spread, 1.26
PM, 2.9%
We start today with the following Open OE Port positions:
Short positions (expecting the Q’s to go Down), controlling 16k shares
Mar40 calls at 3.75, (80 contracts), sold short
Mar41 puts at 0.60, (80 contracts), bought long
Long positions (expecting the Q’s to go Up), controlling 24k shares
Mar41 calls at 3.495, (80 contracts), 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)
Not Exactly… we expect a move lower before we get the Launch EVERYONE is expecting? What will get our attention, the ability of the Q’s to Close above the R2, 44.92, otherwise it’s just a B-E-A-utiful Shorting Opportunity if prices climb above the R1, 44.37? In da-Meantime we keep our eye on the S2, 42.72, the S3, 42.18, and the S4, 41.63, as we believe there’s more Pain ahead for Bulls!
We posted Pathetic gains yesterday as we traded in and/or out of puts and/or calls intraday and unloaded for same day profits. Hence our MarOE profits increased by $0.16 to $1.76 as we started the day with $1.60 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)
Mar40 calls (80) at 3.75 – 3.97 (closing $) = -0.22 x 8 = $-1.76
Mar41 calls (80) at 3.495 – 3.07 (closing $) = -0.425 x 8 = $-3.40
Mar45 calls (40) at 0.70 – 0.66 (closing $) = -0.04 x 4 = $-0.16
Mar46 calls (40) at 0.44 – 0.37 (closing $) = -0.07 x 4 = $-0.28
Mar41 puts (40) at 0.60 – 0.47 (closing $) = -0.13 x 8 = $-1.04
Mar47 puts (40) at 3.07 – 3.66 (closing $) = -0.59 x 8 = $ -4.72
Pending Gain(s)
Zero, Nada, Zippo, Nuttin
Net gain/-loss pending for above open positions at the close = $-11.36
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, $-9.60 ($1.76 in gains less $-11.36 in losses)
For your viewing pleasure da-OEPM 4cast-r says.....?
Date Open High Low Close
15-Feb 43.77 43.98 43.45 43.82
19-Feb 44.39 44.50 43.27 43.74
20-Feb 43.25 44.09 43.24 43.94
21-Feb 44.36 44.47 43.34 43.52
4cast
22-Feb 43.69 44.46 43.01 43.74
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%
R3, 45.46, 3.75%
R2, 44.92, 2.5%, Serious Resistance and a GO Short level this week!
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 this week
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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