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  • #621
  • Jun 10, 2013 2:20am Jun 10, 2013 2:20am
Quoting Cecil Gee
{quote} Hell no, just seen the awesome NIKKEI over 600+ points, dow futures up s/p futures up if this carries on into the opening then VXX will open with a gap down and want to see gold under 1378 for increased momentum, if china wasn't on bank holiday we would see that today
Gold slowly moving in the direction of my GDX puts i bought near fridays close we're at 1379.70 ish
  • #622
  • Jun 10, 2013 2:22am Jun 10, 2013 2:22am
Quoting Cecil Gee
{quote} Hell no, just seen the awesome NIKKEI over 600+ points, dow futures up s/p futures up if this carries on into the opening then VXX will open with a gap down and want to see gold under 1378 for increased momentum, if china wasn't on bank holiday we would see that today
yup I bought Friday Jun 22 ewj $11 long calls were up well end Friday should make bank NY Monday. I am liking your gold crash call pretty crusty level there though, might take some thumping
"If The Fool persists in his Folly he will become wise." - William Blake
  • #623
  • Jun 10, 2013 2:25am Jun 10, 2013 2:25am
Quoting Cecil Gee
OK i've taken a trade for next weeks expiry 14 june. bought GDX $27 put for 12c, i think GLD will break 130 level its price now is 133.xx GDX is priced at $28.87 a few moments ago GDX Jun 2013 27.000 put (GDX130614P00027000) -OPR 0.12 {image} 0.06(100.00%) 3:13PM EDT Expire Date:14-Jun-13 Market Vectors Gold Miners ETF (GDX) -NYSEArca 28.87 {image} 1.43(4.72%) 3:43PM EDT - Nasdaq Real Time Price
GDX trade from friday, i took
  • #624
  • Jun 10, 2013 2:27am Jun 10, 2013 2:27am
Quoting The Fool
{quote} yup I bought Friday Jun 22 ewj $11 long calls were up well end Friday should make bank NY Monday. I am liking your gold crash call pretty crusty level there though, might take some thumping
T.F. what did you pay for your calls if you don't mind me asking
  • #625
  • Jun 10, 2013 2:34am Jun 10, 2013 2:34am
Quoting Cecil Gee
{quote} T.F. what did you pay for your calls if you don't mind me asking
$0.23............That shld at least double the coming week, prolly > $0.50 if ewj goes $11.50...want to see that NY Monday
"If The Fool persists in his Folly he will become wise." - William Blake
  • #626
  • Jun 10, 2013 2:44am Jun 10, 2013 2:44am
Quoting The Fool
{quote} $0.23
ok, lots of resistance around 11.28 area so careful around there, if it gets anywhere near there you should double+ that option, after this week that option will start decaying quicker than normal as we will have two weeks left to expiration. So if it starts showing weakness around that level lock in your profits as you will have intrinsic value
  • #627
  • Jun 10, 2013 2:48am Jun 10, 2013 2:48am
Quoting Cecil Gee
{quote} ok, lots of resistance around 11.28 area so careful around there, if it gets anywhere near there you should double+ that option, after this week that option will start decaying quicker than normal as we will have two weeks left to expiration. So if it starts showing weakness around that level lock in your profits as you will have intrinsic value
yup no time to waste so I hope to make a decent nut Monday or Tuesday

240k open interest for the $12 calls. I might sell 1/2 if I hit double and hang on for the 4x with the balance
"If The Fool persists in his Folly he will become wise." - William Blake
  • #628
  • Jun 10, 2013 2:50am Jun 10, 2013 2:50am
Quoting The Fool
{quote} yup no time to waste so I hope to make a decent nut Monday or Tuesday 240k open interest for the $12 calls. I might sell 1/2 if I hit double and hang on for the 4x with the balance
Good luck
  • #629
  • Jun 10, 2013 3:03am Jun 10, 2013 3:03am
Quoting Cecil Gee
{quote} GDX trade from friday, i took
GL to you too, CG. I'm with you on gold, need to get something out of my IAU puts
"If The Fool persists in his Folly he will become wise." - William Blake
  • #630
  • Jun 10, 2013 6:40am Jun 10, 2013 6:40am
Probably buy the VXX $17.50 put on the open of the markets, hope its still 3-4c

4c closed on friday

XX Jun 2013 17.500 put (VXX130614P00017500)
-OPR
0.04 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.01(33.33%) Jun 7
  • #631
  • Jun 10, 2013 12:21pm Jun 10, 2013 12:21pm
Quoting The Fool
I have July 20 UNG $21 puts. ETF UNG tracks the near month NG futures. Bought in Late March when UNG was a little over $22. Showing a small profit now. Should I hang in for more? Attached is the 1-yr UNG chart. Nat Gas will slide if there is a warmer than normal Spring. Main reason I bought - thought we would see a warm Spring. We have had a warm Spring. I was hoping for a dip to <$16 like last June. The politicized issue of LNG exports complicates things. UNG been on a slide from $23.50 last 2 weeks. Decisions, decisions. {image}
LOL. UNG at $20.19, my trade showing a 20% return, would like to hang on for a dip below $20. At one time this was like 75% down....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #632
  • Jun 10, 2013 3:49pm Jun 10, 2013 3:49pm
Quoting Cecil Gee
Probably buy the VXX $17.50 put on the open of the markets, hope its still 3-4c 4c closed on friday XX Jun 2013 17.500 put (VXX130614P00017500) -OPR 0.04 {image} 0.01(33.33%) Jun 7
Can prolly still do that tomorrow, if you still wanna. Vol maybe has a better chance of falling hard in the latter half of the week when we get shed of BOJ talk, German Const Court talk, etc.

I made no moves. Hanging on to EWJ calls, gold still stuck, patience is a virtue I have heard.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #633
  • Jun 10, 2013 6:53pm Jun 10, 2013 6:53pm
Quoting Cecil Gee
Probably buy the VXX $17.50 put on the open of the markets, hope its still 3-4c 4c closed on friday XX Jun 2013 17.500 put (VXX130614P00017500) -OPR 0.04 {image} 0.01(33.33%) Jun 7
fustrating day in optiions today, well i did buy VXX $17.50 put for 4c, had to wait a bit to get at that price as it opened at 6c

I also rolled up a strike and bought the $18 put right at the end for 7c, we'll see how all this pans out
  • #634
  • Jun 10, 2013 6:59pm Jun 10, 2013 6:59pm
Quoting Cecil Gee
OK i've taken a trade for next weeks expiry 14 june. bought GDX $27 put for 12c, i think GLD will break 130 level its price now is 133.xx GDX is priced at $28.87 a few moments ago GDX Jun 2013 27.000 put (GDX130614P00027000) -OPR 0.12 {image} 0.06(100.00%) 3:13PM EDT Expire Date:14-Jun-13 Market Vectors Gold Miners ETF (GDX) -NYSEArca 28.87 {image} 1.43(4.72%) 3:43PM EDT - Nasdaq Real Time Price
The above option i bought is 50% less and ended at 6c, i'm going to stick it out and see what happens, i may have to roll up to a whole $ strike if GDX just stagnates around the $29 level
  • #635
  • Jun 10, 2013 7:00pm Jun 10, 2013 7:00pm
Quoting Cecil Gee
{quote} fustrating day in optiions today, well i did buy VXX $17.50 put for 4c, had to wait a bit to get at that price as it opened at 6c I also rolled up a strike and bought the $18 put right at the end for 7c, we'll see how all this pans out
VXX Jun 2013 18.000 put (VXX130614P00018000)
-OPR
0.07 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.04(36.36%)
  • #636
  • Jun 10, 2013 9:55pm Jun 10, 2013 9:55pm
Quoting Cecil Gee
{quote} fustrating day in optiions today, well i did buy VXX $17.50 put for 4c, had to wait a bit to get at that price as it opened at 6c I also rolled up a strike and bought the $18 put right at the end for 7c, we'll see how all this pans out
IDK but I think the juice if there is any will come at the latter half of the week. I'm in wait n see mode....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #637
  • Jun 11, 2013 4:38am Jun 11, 2013 4:38am
Quoting Cecil Gee
{quote} fustrating day in optiions today, well i did buy VXX $17.50 put for 4c, had to wait a bit to get at that price as it opened at 6c I also rolled up a strike and bought the $18 put right at the end for 7c, we'll see how all this pans out
This trade on VXX looks as though its dead in the water, futures Down big
  • #638
  • Edited 8:44am Jun 11, 2013 8:24am | Edited 8:44am
Quoting Cecil Gee
{quote} This trade on VXX looks as though its dead in the water, futures Down big
bought some Jul 20 $42 SDS calls, see where I get filled, also sold EWJ June 22 calls, not sure if I'll make much there, we'll see (EWJ sold at $0.24, lost some beer money there....didn't get filled on SDS, watching it now...)

do you think of scalping VXX w long?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #639
  • Jun 11, 2013 3:12pm Jun 11, 2013 3:12pm
Quoting The Fool
{quote} bought some Jul 20 $42 SDS calls, see where I get filled, also sold EWJ June 22 calls, not sure if I'll make much there, we'll see (EWJ sold at $0.24, lost some beer money there....didn't get filled on SDS, watching it now...) do you think of scalping VXX w long?
I am expecting EWJ to test 12 and mark the high of the year in the rejection.All shorts from there... so that vertical EWJ Jul 37 for the mini play first on the opposite side .... GL

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #640
  • Jun 11, 2013 7:39pm Jun 11, 2013 7:39pm
Quoting The Fool
{quote} bought some Jul 20 $42 SDS calls, see where I get filled, also sold EWJ June 22 calls, not sure if I'll make much there, we'll see (EWJ sold at $0.24, lost some beer money there....didn't get filled on SDS, watching it now...) do you think of scalping VXX w long?
I may but i want to see if we get a bounce in the s/p after this little sell off which took VXX over $20, over the last two years whenever VXX and VIX got a spike the days after they tend to sell off again plus IV is high on the call side so will wait for it to settle down. Also we need to factor in the possible change in CB's policys regarding QE. Want to see the reaction on wednesdays market opening, also want to see golds reaction when the chinese get back off there holidays.

Still have my GDX trade open
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