Volatility is getting killed and so are my options...boohoo. Ah well. I'm positioned both ways.
Not going to go over my positions because quite frankly I don't care anymore....the market is SICK.
I'm putting up more margin so I can do Vertical Calls and Puts. I need to take advantage of some of this "sitting around".
MB currently -230. From start I'm only up 1000-230= 770 Ah well.
-Dan
Tuesday, January 27, 2009
Thursday, January 22, 2009
WOLF on TOL?
22k on the 15's or 17.50's. Either way big volume today. Let's see what happens.
New long positions and holding 1 AZO put and 1 ADM put now.
Long calls on SIGM and CRDN/ BAC and JPM.
Puts on TOL, AZO, ADM.
New long positions and holding 1 AZO put and 1 ADM put now.
Long calls on SIGM and CRDN/ BAC and JPM.
Puts on TOL, AZO, ADM.
Understatement of the century
From a few days ago......
"I did some research and there's an odd mix of value and over-value. IMO that leads to nominal new lows and drastic bear bounce IMO. Gonna be a choppy downtrend lower. Still some value out there. Should be interesting "
Damn up down up down.
Leads to one thing. A HUGE move coming. It will probably be to the upside with the vix being my only indicator. (in addition tops and bottoms are usually put in with these whipsaws). HOWEVER...if it's to the downside this will probably be a crash-type scenario with the vix still being my indicator.
"I did some research and there's an odd mix of value and over-value. IMO that leads to nominal new lows and drastic bear bounce IMO. Gonna be a choppy downtrend lower. Still some value out there. Should be interesting "
Damn up down up down.
Leads to one thing. A HUGE move coming. It will probably be to the upside with the vix being my only indicator. (in addition tops and bottoms are usually put in with these whipsaws). HOWEVER...if it's to the downside this will probably be a crash-type scenario with the vix still being my indicator.
Tuesday, January 20, 2009
Why the big banking collapse today.....
For starters Jim Cramer's a fucking idiot.
Anyways....the banks collapsed because too many need funding and the gov't is out of options and quite frankly....out of funding. Sure they can bail out 1 or 2 BUT now it looks like if the market doesn't rebound they're going to have to nationalize them all. Scary shit and IMO these guys won't bounce like they should. Gov't can't drink the ocean and it's stupid of them to even try. Gonna see more BK's IMO due to lack of options. Interest rates are at rock bottom too lol. What a mess.
Anyways....the banks collapsed because too many need funding and the gov't is out of options and quite frankly....out of funding. Sure they can bail out 1 or 2 BUT now it looks like if the market doesn't rebound they're going to have to nationalize them all. Scary shit and IMO these guys won't bounce like they should. Gov't can't drink the ocean and it's stupid of them to even try. Gonna see more BK's IMO due to lack of options. Interest rates are at rock bottom too lol. What a mess.
Strength ran out of the VIX
This is the chop we're gonna see. Futures up overnight (no surprise). Gonna be a pain in the butt and i'm looking to gamble in some calls tomorrow if I find some good prices.
Need more margin in my MB account so I can do vertical calls and puts....gonna help out my performance a lot if I can get it.
-Dan
Need more margin in my MB account so I can do vertical calls and puts....gonna help out my performance a lot if I can get it.
-Dan
Lots of trades today
ADM 22.50 puts in @ 1.10
JPM in 28 calls @ .42/Sold my 10 puts @ .45 from .37
In BAC 7.50 calls @ .76/In 2.50 puts from .14 (now .27)
Holding TOL puts from 1.25 now 1.55 17.50
Holding AZO puts
Think that's it for now.
Market gonna bounce off these lows? Thinkin it might. VIX is screwed
JPM in 28 calls @ .42/Sold my 10 puts @ .45 from .37
In BAC 7.50 calls @ .76/In 2.50 puts from .14 (now .27)
Holding TOL puts from 1.25 now 1.55 17.50
Holding AZO puts
Think that's it for now.
Market gonna bounce off these lows? Thinkin it might. VIX is screwed
Out SBUX
Closed the option @ .71 from .61. Felt like taking a profit. Let it get down to the round # 9.
lol nice
I also own a TOL $17.50 put @ 1.25.
I guess I forgot about this hah. Nice. I was wishing I had more positions going into this fall. I trade so well even I don't know it :P (jk)
I guess I forgot about this hah. Nice. I was wishing I had more positions going into this fall. I trade so well even I don't know it :P (jk)
For the record
Here it is.....
"Saturday, September 27, 2008
Short MER
I have puts in both MER and BAC for a few reasons. First, I don't believe BAC can go through with this merger successfully without taking an equity hit. Not only did they buy MER for too large of a premium, but they still have troubles from the CountryWide acquisition. I think A LOT hinges on this $700B bailout and it doesn't look good at the moment. I feel that BAC had advanced notice on this bailout from the Treasury so that is why they paid the premium they did.
Regardless, the market is still extremely bearish until the kinks work themselves out ON THEIR OWN. "
From this blog.
"Saturday, September 27, 2008
Short MER
I have puts in both MER and BAC for a few reasons. First, I don't believe BAC can go through with this merger successfully without taking an equity hit. Not only did they buy MER for too large of a premium, but they still have troubles from the CountryWide acquisition. I think A LOT hinges on this $700B bailout and it doesn't look good at the moment. I feel that BAC had advanced notice on this bailout from the Treasury so that is why they paid the premium they did.
Regardless, the market is still extremely bearish until the kinks work themselves out ON THEIR OWN. "
From this blog.
Market getting hammered
Remember what I said.....BAC could NOT afford the MER merger. Not even equity and govt bailout gonna save this IMO. What a POS.
HBC getting hammered, MS, JPM, GS, RF among a list of others. What a joke this is becomming.
DON'T get in the way of this leg down.....it's goin for new lows IMO.
I did some research and there's an odd mix of value and over-value. IMO that leads to nominal new lows and drastic bear bounce IMO. Gonna be a choppy downtrend lower. Still some value out there. Should be interesting
HBC getting hammered, MS, JPM, GS, RF among a list of others. What a joke this is becomming.
DON'T get in the way of this leg down.....it's goin for new lows IMO.
I did some research and there's an odd mix of value and over-value. IMO that leads to nominal new lows and drastic bear bounce IMO. Gonna be a choppy downtrend lower. Still some value out there. Should be interesting
salvaged the AAPL trade
I was too disappointed to really post though.
Anyways.
AAPL feb puts are sold @ even (.85)
AAPL I sold those worthless JAN puts @ .15 and .29 (salvaged some cash :) )
Picked up SBUX $9 put for .61 and holding my AZO 100 @ 1.45
Anyways.
AAPL feb puts are sold @ even (.85)
AAPL I sold those worthless JAN puts @ .15 and .29 (salvaged some cash :) )
Picked up SBUX $9 put for .61 and holding my AZO 100 @ 1.45
Thursday, January 15, 2009
What a stupid move
I was up 700% on my options and gave it all back. In for 20 up to 170 and now I'm back to even.
Shit. I closed my Feb puts on AAPL @ .85 +.02.
My AZO is close to stopping out.
I picked up more Jan AAPL puts @ .41. .30 avg for 2 of them. We'll see tomorrow. Gonna end up losing.
I sold my 10 shares @ 81.60 today for a 3.6 point gain.
Lets see -60 - 45 +25 = -80 so far on this account. Putting in amother 300 once my check from zecco comes.
Going to start working on solid trading rules now. Can't have this happen again.
Shit. I closed my Feb puts on AAPL @ .85 +.02.
My AZO is close to stopping out.
I picked up more Jan AAPL puts @ .41. .30 avg for 2 of them. We'll see tomorrow. Gonna end up losing.
I sold my 10 shares @ 81.60 today for a 3.6 point gain.
Lets see -60 - 45 +25 = -80 so far on this account. Putting in amother 300 once my check from zecco comes.
Going to start working on solid trading rules now. Can't have this happen again.
Wednesday, January 14, 2009
The missed ADM gamble
Looked at shorts TOL, AMZN, DRI, ADM. Thought premiums were too high on all going into expiration.
Well ADM's puts were up 1000%+ today. Damn. Almost pulled the trigger on those. Great setup there. Ah well.
Not a bad day overall.
Moved stop up on AZO to $1 (from .90). Still enjoy MBTrading
Well ADM's puts were up 1000%+ today. Damn. Almost pulled the trigger on those. Great setup there. Ah well.
Not a bad day overall.
Moved stop up on AZO to $1 (from .90). Still enjoy MBTrading
BOT AAPL puts FEB and Front
Bot 2 puts
January $80 put @ .21 (gamble) on the break here.....
February $60 put @ .85. Stop @ .55
AAPL has been deteriorating and with retail down i'm wondering if AAPL could be in a little trouble now.
January $80 put @ .21 (gamble) on the break here.....
February $60 put @ .85. Stop @ .55
AAPL has been deteriorating and with retail down i'm wondering if AAPL could be in a little trouble now.
Monday, January 12, 2009
So MBTrading is probably one of the best options brokers out there
This company is badass. Better than Zecco (hard to believe). Order options are EXACTLY what I was looking for. Not to mention $1 contracts. Common....I'm like a kid in a candy store.
So I was happy with Zecco, but I could never place an OCO order. (I didn't think anyone but IB did this). Well MB offers this. TTO orders. This is worth a fortune for my trading as I have to go to work sometimes in the afternoon AND now I don't have to watch the market.
Example. TTO order to SELL AZO option @ 2.90 (sell) and limited downside @ .90 (stop). Order cancels after 1 of those are hit. AND I can even trail the sell IF I want to. How sweet is that. All for $1 a contract. I will probably be with this broker for a LONG LONG time needless to say.
Happy camper right now
So I was happy with Zecco, but I could never place an OCO order. (I didn't think anyone but IB did this). Well MB offers this. TTO orders. This is worth a fortune for my trading as I have to go to work sometimes in the afternoon AND now I don't have to watch the market.
Example. TTO order to SELL AZO option @ 2.90 (sell) and limited downside @ .90 (stop). Order cancels after 1 of those are hit. AND I can even trail the sell IF I want to. How sweet is that. All for $1 a contract. I will probably be with this broker for a LONG LONG time needless to say.
Happy camper right now
BOT FEB $100 put on AZO
@1.45
This company is too highly leveraged for a declining car market. Just fell off of resistance (140) and IMO could break through the rest of support. Targeting the $95 level.
Market has weakened significantly and am thinking we're going to see another leg down here. HOWEVER values are really low in quite a few sectors so the bottoms are going to be abrupt and the downside will be choppy. (not good for options) Ah well. Need to toss a line out there.
MBTrading up and I am impressed. This company is sweet
This company is too highly leveraged for a declining car market. Just fell off of resistance (140) and IMO could break through the rest of support. Targeting the $95 level.
Market has weakened significantly and am thinking we're going to see another leg down here. HOWEVER values are really low in quite a few sectors so the bottoms are going to be abrupt and the downside will be choppy. (not good for options) Ah well. Need to toss a line out there.
MBTrading up and I am impressed. This company is sweet
Thursday, January 8, 2009
MBTrading up now
Should be funded tomorrow....hopefully check clearing process is finished tomorrow. I'll be back for more trading (options). USO long-term so not gonna worry about that.
Finished the Zecco account @ 1900 from 800 (+500 commissions). Starting this one with 1150.
Finished the Zecco account @ 1900 from 800 (+500 commissions). Starting this one with 1150.
Monday, January 5, 2009
Out 10 USO @ 36
Holding rest (15). Just didn't like 1/2 my account being exposed to this thing when I could be trading options with the money. I was also wrong on it too....which is another good reason :)
Friday, January 2, 2009
RE: Oil may have bottomed
Huge run in oil. That chart was perfect. Oil still on a tear and looking to gap up Monday too. OPEC's cut and the Israel mess should boost it some more. Looking for about 40 on USO
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