MarOE Stuff?
Wow, we were Waaaaaaaaaay Off, LOL!? We 4casted a serous drop and breach of the S1, 43.27, but instead prices Closed ABOVE the OE Pivot, 43.82, which is a very Bullish development, or NOT!?
We know da-Boyz did a Long stop sweep and took out all the Longs Monday but tomorrow we could very well GAP Up above resistance and sweep for Short Stops, OUCH!
We’re still positioned with a Serious Short bias and even though we think da-Boyz GAP dis puppy UP above 44.50 Wednesday we’ll use any attempt to tag the R2, 44.92, to exit our Mar41 calls and take our Short Bias to exponential levels, LOL!?
The next three days action is gonna be designed to take OUT those that choose to play this week and we offer up our condolences for your losses but No Sympathy since you were WARNED, Oh Boy!?
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, 44.12, up 0.7%
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 36k shares
Mar41 puts at 0.60, (80 contracts), bought long
Mar43 puts at 0.90, (80 contracts), bought long
Mar46 puts at 2.53, (80 contracts), bought long
Mar40 calls at 3.88, (40 contracts), sold short
Mar44 calls at 1.08, (80 contracts), sold short
Long positions (expecting the Q’s to go Up), controlling 24k shares
Mar41 calls at 3.495, (80 contracts), bought long
Mar46 calls at 0.43, (80 contracts), bought long
Mar45 puts at 1.67, (80 contracts), sold short
This gives us a Net Short da-Q's bias going into today and we'll use said Bias to play intraday 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 and we expect prices to TOP out at the R2, 44.92, Wednesday and then a steep Drop triggers after Benny & da-Jets OPEN their Mouths, OUCH!
We posted Great 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 $4.12 to $12.52 as we started the day with $8.40 in profits!
Those gains are actually quite 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)
Mar40 calls (40) at 3.88 – 4.20 = -0.32 x 4 = $- 1.28
Mar41 calls (80) at 3.495 – 3.36 = -0.135 x 8 = $-1.08
Mar44 calls (80) at 1.08 – 1.21 = -0.13 x 8 = $-1.04
Mar46 calls (80) at 0.43 – 0.36 = -0.07 x 8 = $-0.56
Mar41 puts (40) at 0.60 – 0.25 = -0.35 x 8 = $-2.80
Mar43 puts (80) at 0.90 – 0.67 = -0.23 x 8 = $-1.84
Mar46 puts (80) at 2.55 – 2.19 = -0.36 x 8 = $-2.88
Pending Gain(s)
Mar45 puts (80) at 1.67 – 1.54 = -0.13 x 8 = $ 1.04
Net gain/-loss pending for above open positions at the close = $-10.44
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, $2.08 ($12.52 in gains less $-10.44 in Open position losses)
For your viewing pleasure da-OEPM 4cast-r says.....?
Date Open High Low Close
22-Feb 43.67 43.68 42.60 43.68
25-Feb 43.62 44.07 43.34 43.90
26-Feb 43.65 44.48 43.37 44.12
4cast
27-Feb 44.77 44.92 43.08 43.51
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%, breached 26Feb intraday.
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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