Always remembered this post.
http://straittrades.blogspot.com/2008/09/short-mer.html
http://cbs2.com/national/bank.of.america.2.992650.html
http://washingtonindependent.com/49132/paulson-to-testify-on-bank-of-america-merrill-lynch-deal
http://www.nydailynews.com/money/2009/06/25/2009-06-25_federal_reserve_chairman_ben_bernanke_i_didnt_pressure_bank_of_america_to_buy_me.html
he sure as hell did. There's still info not being divulged.
Friday, July 31, 2009
Going back into options Monday.
Trading 2 IRA's and then a personal (small) option account. Won't triple it in 2 months this time, but it should be a much more consistent ride.
No bias this time either. Using trend-based strategy utilizing S&R and over-bought/over-sold indicators.
Fixed rules apply which I have to look back over my notes to find. :(
No bias this time either. Using trend-based strategy utilizing S&R and over-bought/over-sold indicators.
Fixed rules apply which I have to look back over my notes to find. :(
Friday, April 17, 2009
Market gonna roll over....
But maybe not yet.
Expecting a HUGE move in GE. I played a good sized straddle on this thing.
Bought a put in JWN (again) last time rode it from 1.20 to 2.15 (went to 3.3) back in @ 1.10 to rinse and repeat.
My ESV calls look like they're gonna get some action tomorrow (hopefully)
ARD nice job on these calls as well
GG puts a little too early :(
AOB strong action
HST out WAY too early
ORLY garbage.
Overall i've been doin pretty good. Pennies too.
Expecting a HUGE move in GE. I played a good sized straddle on this thing.
Bought a put in JWN (again) last time rode it from 1.20 to 2.15 (went to 3.3) back in @ 1.10 to rinse and repeat.
My ESV calls look like they're gonna get some action tomorrow (hopefully)
ARD nice job on these calls as well
GG puts a little too early :(
AOB strong action
HST out WAY too early
ORLY garbage.
Overall i've been doin pretty good. Pennies too.
Saturday, April 11, 2009
Not bad.....
Good run here. Been a pretty bullish start since then. HOWEVER, i'm expecting a pull-back next week. I'm heavily positioned for the downside and if it doesn't come, quite frankly im out.
I've had WAY too much trouble trading options. Theta and Vega have absolutely murdered me. Luckily it was the houses money, but still it's a little frustrating.
Nearly EVERYTHING I traded moved in my favor and I still lost money. When shit didn't move in my favor I had no choice but to just keep holding as the TV of the options depleted WAY too quickly.
What am I going to do? Start trading ATM (or ITM) options with the least amount of TV. I'm sick of getting my ass kicked solely because I have ZERO clue WHEN the underlying will move. I know where it will move but for some reason the whole "when it will happen" has me a little foggy. ;)
I'm not bitching, i'm just that my crystal ball isn't THAT good. I can only do so much.
I've had WAY too much trouble trading options. Theta and Vega have absolutely murdered me. Luckily it was the houses money, but still it's a little frustrating.
Nearly EVERYTHING I traded moved in my favor and I still lost money. When shit didn't move in my favor I had no choice but to just keep holding as the TV of the options depleted WAY too quickly.
What am I going to do? Start trading ATM (or ITM) options with the least amount of TV. I'm sick of getting my ass kicked solely because I have ZERO clue WHEN the underlying will move. I know where it will move but for some reason the whole "when it will happen" has me a little foggy. ;)
I'm not bitching, i'm just that my crystal ball isn't THAT good. I can only do so much.
Sunday, March 15, 2009
Futures down 5
Hoping to see some significant downside tomorrow to take off some of these puts. If the hedges work, i'll be riding freebies to the long side (march) and be positioned for April to the upside.
Profit-taking Friday
Sold quite a few of my HST calls (March and April). Just have 3 march $5 left.
Sold 2 March KG calls.
Sold my AKS @ .20 for 100% as well.
Few others too I can't think of right now.
Picked up shorts in BAC ($5 and $6 strike) and 1 in JPM as well $20.
I'm about evenly positioned for both down and upside next week BUT most of my calls are now April calls, so I would be more than happy to see the banks get CRUSHED next week.
Still short AMZN, TOL, BAC, JPM, AZO
Long AOB, KG, KEG, HST, ESV, TDW
maybe a few others.
Sold 2 March KG calls.
Sold my AKS @ .20 for 100% as well.
Few others too I can't think of right now.
Picked up shorts in BAC ($5 and $6 strike) and 1 in JPM as well $20.
I'm about evenly positioned for both down and upside next week BUT most of my calls are now April calls, so I would be more than happy to see the banks get CRUSHED next week.
Still short AMZN, TOL, BAC, JPM, AZO
Long AOB, KG, KEG, HST, ESV, TDW
maybe a few others.
Thursday, March 12, 2009
Subscribe to:
Posts (Atom)