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  • #641
  • Jun 11, 2013 8:54pm Jun 11, 2013 8:54pm
Quoting sisse
{quote} 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
had tha EWJ up well at end Monday and decided to gamble on Kuroda. Sold for $.01 more than I bought, lost some cat food money. Might have held if they were July's but they were June 22, so I wouldn't do it differently in hindsight. On the other hand I got filled on Jul 20 $42 calls SDS at $0.80, they traded last at $1.04, made back kitty money there if she holds. If we've got a summertime top going in those could make some good bank....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #642
  • Jun 11, 2013 9:06pm Jun 11, 2013 9:06pm
July 20 UNG $21 puts that I bought for $1.04 almost three months ago I sold for $1.45 today. UNG trading at $19.90 or so. I don't think natgas will dip as low as she did last summer, maybe high $18's. Saw a decent profit there and took it. UNG will be a good risk for long term play of some kind, so I will be watching for a good entry lower.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #643
  • Jun 11, 2013 10:02pm Jun 11, 2013 10:02pm
Quoting Cecil Gee
{quote} 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
very little screen time available for me this week - just 1/2 hr at the open, if I take a scalp it will be a cheap one.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #644
  • Jun 11, 2013 11:51pm Jun 11, 2013 11:51pm
Quoting Wulfgar
one that looks good is a July 36/39 bear call spread on MSFT... very high probability we are trading below the 36 and that volatility should die down by that point to collect about $.69-$.77 credit depending on entry early this week
Im also looking at a similar setup on DISCA for a slightly riskier June 75/80 call credit spread that is slightly ITM right now... the premium is much higher though due to the risk of assignment so Ill watch it closely and may just place the spread after the 75 breaks depending on momentum and timing plus the premium...
sorry I havent been around... just been busy

got both trades on... offered .75 for MSFT and it is working out nicely
disca was a big winner too... offered $1.36 for the spread as it broke through $75... both are currently heavily in profit

my IYR iron condor is hanging on by a thread... I have a stop order based on the underlying breaking the 66.29 level...

put a short strangle on FXY today... looking for the yen to stay rangebound between the 107 and 94 until July... I got $.75 credit on the strangle... If IV dies down a bit Ill spend a little and bid the long strangle to convert it into an IC and cut my vega exposure in half.

have a few interesting stocks Im looking at too... CTRP looks good for a sept 31/36 bull call spread on the breakout retest of the $33 with stops under $32... nets about 25 deltas and there is very minimal vega or theta exposure.. just a nicely leveraged directional stock momentum breakout trade. Ill see if I can buy the spread for $2.15 tomorrow

anyhow guys hope the trading is going well... have a good rest of the week.
  • #645
  • Jun 12, 2013 12:07am Jun 12, 2013 12:07am
Quoting Wulfgar
{quote} sorry I havent been around... just been busy got both trades on...
no sweat bro. I am spread pretty thin here, gearing into construction season for me & hours are long. Need to put on some 2-3 month spreads, won't be having regular market hours to scalp much. Yeah that MSFT bear play looked good. TSLA also one that is going to drop pretty far before the year is done, we could see $9x.00 go to $5x.00 I bet, eyeing something on that.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #646
  • Jun 12, 2013 5:03am Jun 12, 2013 5:03am
Gold is still trading around 1377 area and struggling to go beneath 1370 and stay there. i'll wait until friday and may put a trade on GDX to the call side and nearest strike.
  • #647
  • Jun 12, 2013 5:15am Jun 12, 2013 5:15am
Quoting Cecil Gee
Gold is still trading around 1377 area and struggling to go beneath 1370 and stay there. i'll wait until friday and may put a trade on GDX to the call side and nearest strike.
If DUST can trade above $89.10 and close there then Gold has every opportunity to fall, below that number then i 'll look for longs on GLD/GDX
  • #648
  • Jun 12, 2013 9:18am Jun 12, 2013 9:18am
Quoting The Fool
{quote} On the other hand I got filled on Jul 20 $42 calls SDS at $0.80, they traded last at $1.04, made back kitty money there if she holds. If we've got a summertime top going in those could make some good bank....
Expecting sideways action pre next weeks FOMC. Fed not likely to say anything radical, but ya never know. I like SDS call chances....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #649
  • Jun 12, 2013 1:34pm Jun 12, 2013 1:34pm
bid my IYR IC back for $1.27....

$-.36 per spread loss booked... unfortunately due to spiking vix it was a larger loss than I anticipated the underlying to give me by a few cents
  • #650
  • Jun 12, 2013 3:19pm Jun 12, 2013 3:19pm
Quoting Cecil Gee
{quote} If DUST can trade above $89.10 and close there then Gold has every opportunity to fall, below that number then i 'll look for longs on GLD/GDX
yep that's a krusty bottom end, don't know what it'll take to break thru
"If The Fool persists in his Folly he will become wise." - William Blake
  • #651
  • Jun 12, 2013 8:58pm Jun 12, 2013 8:58pm
my VXX trade is a complete loss both the 17.50 puts and the $18 puts i bought, Still have GDX puts, The DOW is sitting on top of the 50 day ma a break of that we will see more momentum south, financial stocks are looking un stable too. I'll be looking to make a trade that gives a 3-1 return just to break even this week
  • #652
  • Jun 12, 2013 9:10pm Jun 12, 2013 9:10pm
Quoting Cecil Gee
{quote} T.F. i don't like that trade because if EEM finishes below 40.42 this week then your leaving your $39 puts potentially at risk of being exercised as EEM could slide further before june's expiration and hit your $39 strike. Just my opinion, check your weekly chart
T.F. take care with that trade if you took it
  • #653
  • Jun 12, 2013 9:30pm Jun 12, 2013 9:30pm
What's up Cecil? Do you think we could get a turn on the VXX short term? w $19 puts are just $0.04....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #654
  • Edited 11:12pm Jun 12, 2013 9:34pm | Edited 11:12pm
Quoting Cecil Gee
{quote} T.F. take care with that trade if you took it
no, I'm in no new spreads, just the July $42 SDS long calls, which are up $0.55 since Friday.

I think I am going to sell some $85 w TSLA puts, it appears to be unsinkable...for now....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #655
  • Jun 12, 2013 10:48pm Jun 12, 2013 10:48pm
Quoting Cecil Gee
my VXX trade is a complete loss both the 17.50 puts and the $18 puts i bought, Still have GDX puts, The DOW is sitting on top of the 50 day ma a break of that we will see more momentum south, financial stocks are looking un stable too. I'll be looking to make a trade that gives a 3-1 return just to break even this week
Sorry to hear it CG, but I hope you're right on the southbound momentum - I am leaning that way across my biggest open trades. I almost took an XLF bear spread yesterday but longed the SDS calls instead. Just hoping we can get some continuance south on those so I can lock in some safe profit and watch them run. I am overdue for a juicy score. Hang in there buddy & good luck.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #656
  • Jun 13, 2013 4:03am Jun 13, 2013 4:03am
Quoting The Fool
What's up Cecil? Do you think we could get a turn on the VXX short term? w $19 puts are just $0.04....
T.F. VXX looks to me like it may have turned its bearish to bullish outlook, not seen two bullish candles on a Daily for a while
  • #657
  • Jun 13, 2013 4:06am Jun 13, 2013 4:06am
Quoting The Fool
{quote} Sorry to hear it CG, but I hope you're right on the southbound momentum - I am leaning that way across my biggest open trades. I almost took an XLF bear spread yesterday but longed the SDS calls instead. Just hoping we can get some continuance south on those so I can lock in some safe profit and watch them run. I am overdue for a juicy score. Hang in there buddy & good luck.
I'm too monitoring that potentional
  • #658
  • Jun 13, 2013 4:15am Jun 13, 2013 4:15am
Quoting Cecil Gee
AAPL looking vunerable to the downside, looking to do a longer verticle put spread on this, need a little time to work through r-r
not looking healthy for aapl
  • #659
  • Jun 13, 2013 4:23am Jun 13, 2013 4:23am
Quoting Cecil Gee
XLF (financial ETF) is indicating a fall taking GS -C - JPM with it, more work need to be done on this, early heads ups
Financials looking to take a hit, I'm looking to do a bear verticle spread on XLF when markets open, buying the JULY 19 put and selling the JUNE 18 PUT

JULY-28C debit and JUNE 8-9c credit, if i can get those prices, with a net debit of around 20c and if june's option expires worthless then i will sell julys 18 put bringing my net cost to around 12c or less.
  • #660
  • Jun 13, 2013 5:55am Jun 13, 2013 5:55am
Depending on where GOLD finishes today, anywhere below 1385 then i will have to take GDX $27.50 put for tomorrows expiration, the closing price was 12c so i will be looking for 6c or under to purchase.

GDX Jun 2013 27.500 put (GDX130614P00027500)
-OPR
0.12 http://l.yimg.com/os/mit/media/m/bas...nt-1093278.png 0.11(47.83%) Jun 12


Also I have my eyes on GS/ C/ AIG puts
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AaronWard