MarOE Stuff?
Thursday will be a Wild ride and ONLY those with the wherewithal to go LONG under 42.30 will make some Serious Coin, WooHoo!
We did little today and posted a modest gain and managed to hang on to most of our Net OE gain of over $28.00, Sweeeeeeet!
Since Thursday is futures “Roll Out” day we can expect some great volatility and prices will likely close above the S1, 43.27!? It won’t be without some serious down action in the morning that’ll get Shorts salivating and longs puckering up, LOL!?
We’ll be configuring short plays at the open for quick intraday gains and when prices get below the S3, 42.18, we’ll be exiting said shorts plays and watching as prices march 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, 44.53, up 1.6%, new high, 28Feb
Low, 41.17, dn -6.0%, new low 10Mar
Close, 42.71, dn -2.5%
Spread, 3.36
PM, 7.6%
We start today with the following Open OE Port positions:
Short positions (expecting the Q’s to go Down), controlling 40k shares
Mar40 puts at 0.27, (80 contracts), bought long
Mar41 puts at 0.625, (160 contracts), bought long
Mar45 puts at 2.95, (80 contracts), bought long
Mar41 calls at 1.73, (80 contracts), sold short
Long positions (expecting the Q’s to go Up), controlling 88k shares
Mar42 calls at 1.71, (80 contracts), bought long
Mar43 calls at 1.29, (80 contracts), bought long
Mar44 calls at 0.55, (160 contracts), bought long
Mar45 calls at 0.78, (80 contracts), bought long
Mar46 calls at 0.43, (80 contracts), bought long
Mar47 calls at 0.14, (80 contracts), bought long
Mar44 puts at 1.28, (160 contracts), sold short
Mar46 puts at 2.99, (80 contracts), sold short
Mar47 puts at 3.89, (80 contracts), sold short
This gives us a Fair Long 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)
While it’s obvious the DCB has been initiated it won’t really go Full_Court_Jester_Mode up until after 20Mar? That said, you should be configuring for a Short Squeeze that’ll run the Q’s back up to tag the YTD OE Pivot at 51.85, WooHoo!?
We posted OK 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 $2.72 to $78.75 as we started the day with $76.03 in profits!
These posted profits are impressive but don’t forget we have many wounded soldiers still on the battlefield (pawns, bishops, and Knights) bleeding RED numbers everywhere, especially as we get closer to the OE and the delta shrinks up into a wie, sorry Michelle, small amount, see “Pending Gains/Losses” below!
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)
Mar41 calls (80) at 1.73 – 1.91 = -0.18 x 8 = $- 1.44
Mar42 calls (80) at 1.71 - 1.23 = -0.48 x 8 = $- 3.84
Mar43 calls (70) at 1.29 - 0.65 = -0.64 x 8 = $- 5.12
Mar44 calls (160) at 0.55 – 0.30 = -0.25 x 16 = $- 4.00
Mar45 calls (80) at 0.76 - 0.00 = -0.76 x 8 = $- 6.08
Mar46 calls (80) at 0.43 - 0.00 = -0.43 x 8 = $- 3.44
Mar47 calls (80) at 0.14 - 0.00 = -0.14 x 8 = $- 1.12
Mar40 puts (80) at 0.27- 0.00 = 0.27 x 8 = $- 2.16
Mar41 puts (160) at 0.625 – 0.26 = -0.625 x 16 = $- 5.84
Mar44 puts (160) at 1.28 - 1.61 = -0.33 x 16 = $- 5.28
Mar45 puts (80) at 2.95 – 2.40 = -0.55 x 8 $- 4.40
Mar46 puts (40) at 2.99 - 3.36 = -0.37 x 8 = $- 2.96
Mar47 puts (80) at 3.89 - 4.40 = -0.51 x 8 = $- 4.08
Pending Gain(s)
Net gain/-loss pending for above open positions at the close = $-49.76
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, $ 28.99 ($78.75 in gains less $-49.76 in Open position losses)
For your viewing pleasure da-OEPM 4cast-r says.....?
Date Open High Low Close
7-Mar 41.86 42.64 41.38 42.07
10-Mar 42.01 42.14 41.17 41.26
11-Mar 41.86 42.85 41.51 42.83
12-Mar 43.02 43.44 42.73 42.71
4cast
13-Mar 42.64 43.50 42.24 43.48
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%, tagged 04Mar, and portends a move to the S4, 41.63 before 20Mar?
S4, 41.63, -5%, Serious Support and a GO Long level if tagged, Tagged 07Mar and caused a reversal!
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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