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  • #2,041
  • Dec 5, 2013 9:08am Dec 5, 2013 9:08am
Quoting pipple
{quote} you sell calls on that?
no, as we're so close to the 52 week low lets see the proper bounce when it reaches
  • #2,042
  • Dec 5, 2013 9:12am Dec 5, 2013 9:12am
Quoting pipple
{quote} on same page.....already looking at calls
see how its bounced again, 1787 is critical
  • #2,043
  • Dec 5, 2013 9:32am Dec 5, 2013 9:32am
just bought back crude calls for $210 ($60 loss)
gonna wait and see..
  • #2,044
  • Dec 5, 2013 9:53am Dec 5, 2013 9:53am
crude ia at $97.66 now at you have the 50 and 200 day converging just above, as I don't write options but If i were too then the $105 is what I be looking at if they pay good premium, however I may long puts on USO $35 for 15c or under

price is $35.06 now

United States Oil (USO)
-NYSEArca
35.05 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.17(0.49%) 15:52 - Nasdaq Real Time Price
  • #2,045
  • Dec 5, 2013 9:57am Dec 5, 2013 9:57am
Quoting Cecil Gee
crude ia at $97.66 now at you have the 50 and 200 day converging just above, as I don't write options but If i were too then the $105 is what I be looking at if they pay good premium, however I may long puts on USO $35 for 15c or under price is $35.06 now United States Oil (USO) -NYSEArca 35.05 {image} 0.17(0.49%) 15:52 - Nasdaq Real Time Price
I am looking at around there for the next month.....but I wanted to wait for NFP and weekend.....I am honestly surprised these strikes are even of any consideration
if I get any more of a move up through next week.....I will look at 103-106 depending
those would be a mid Jan exp.....Usually I start looking at those around exp of front month
  • #2,046
  • Dec 5, 2013 10:00am Dec 5, 2013 10:00am
Quoting pipple
{quote} I am looking at around there for the next month.....but I wanted to wait for NFP and weekend.....I am honestly surprised these strikes are even of any consideration if I get any more of a move up through next week.....I will look at 103-106 depending those would be a mid Jan exp.....Usually I start looking at those around exp of front month
once you see weakness in its ability to surpass 98$ then they may be good to go
  • #2,047
  • Dec 5, 2013 10:05am Dec 5, 2013 10:05am
Quoting Cecil Gee
crude ia at $97.66 now at you have the 50 and 200 day converging just above, as I don't write options but If i were too then the $105 is what I be looking at if they pay good premium, however I may long puts on USO $35 for 15c or under price is $35.06 now United States Oil (USO) -NYSEArca 35.05 {image} 0.17(0.49%) 15:52 - Nasdaq Real Time Price
Cancelling that order as I think pipple may be right to hold of until next month
  • #2,048
  • Dec 5, 2013 10:43am Dec 5, 2013 10:43am
NFP beats all, USD strength, gold <$1,200, all in the cards & the deck is stacked. Don't miss that train.

http://www.forbes.com/sites/kitconew...rtner=yahootix
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,049
  • Dec 5, 2013 11:50am Dec 5, 2013 11:50am
Quoting Cecil Gee
{quote} Cancelling that order as I think pipple may be right to hold of until next month
as it sits now the feb strikes:
103 call for $520
104 call for $370
105 call for $270
although I like them all since my thought is this will turn around.....I don't want to fight the taper train......I really think this move in crude is more about the dollar than oil itself.....but I could be wrong. I fear a good report tomorrow north of 230k jobs and the right momentum could push a spike into 99s.....and that IV shakeup will make those 103-105s explode in my hand.....so I am scared of them for now. I will do a small strangle based on seeing large enough premiums if when next week comes I can get something $13-$15 wide for around $700 total premium collected per strangle.....if not....waiting.
you had just enough fundamental with the inventory drop and the cold front to justify this move up.
I really thought this would stay south of here....and I am going to be careful because of the conflict in my head.....short term I will play it with technicals on smallish trades.....but overall I am going to move into beans or something else a little heavier I think.
some volatility again today.....becoming the norm
LVS up a bunch again
SBUX up......told you I was ordering extra shots
  • #2,050
  • Dec 5, 2013 11:52am Dec 5, 2013 11:52am
Quoting The Fool
NFP beats all, USD strength, gold <$1,200, all in the cards & the deck is stacked. Don't miss that train. http://www.forbes.com/sites/kitconew...rtner=yahootix
im an idiot....I sat here and typed that I thought gold would do what it is doing and I didn't write any calls.....I hate the margin.....gonna start pricing them anyways....
  • #2,051
  • Dec 5, 2013 11:54am Dec 5, 2013 11:54am
Think I also like GBP/USD long from here or just lower than here....looking at puts
  • #2,052
  • Dec 5, 2013 12:10pm Dec 5, 2013 12:10pm
Quoting pipple
{quote} as it sits now the feb strikes: 103 call for $520 104 call for $370 105 call for $270 although I like them all since my thought is this will turn around.....I don't want to fight the taper train......I really think this move in crude is more about the dollar than oil itself.....but I could be wrong. I fear a good report tomorrow north of 230k jobs and the right momentum could push a spike into 99s.....and that IV shakeup will make those 103-105s explode in my hand.....so I am scared of them for now. I will do a small strangle based on seeing...
][/quote]they must have been large expresso's, it bounced of the 50 day
  • #2,053
  • Dec 5, 2013 12:34pm Dec 5, 2013 12:34pm
Quoting The Fool
they sniffed around my TSLA order and left it alone, will try again tomorrow - gotta keep that cash cow pumping.
TSLA one of a few green stocks on my lists - just looking for some dippage so's to get a little put appreciation, only have to get to 12/13, looking at strikes $120 and lower
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,054
  • Dec 5, 2013 1:24pm Dec 5, 2013 1:24pm
OPENED a trade on USO LONG $35 PUTS for 15c/ $15 per contract. weekly option so expires tomorrow

price now is $35.01 I got in at $35.06



USO Dec 2013 35.000 put (USO131206P00035000)
-OPR
0.15 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.20(57.14%) 19:03
  • #2,055
  • Dec 5, 2013 1:31pm Dec 5, 2013 1:31pm
Quoting The Fool
{quote} If NFP beats by +50k like ADP did, then Friday the S&P will close down 15+. I'm tempted to take a shot at the 12/6 UVXY $22 calls, watching, looking for <$0.30...todays range $0.20-$0.70...
I haven't got what I wanted here on UVXY either. I can tell there are ways to daytrade this thing, though, so I am watching it more closely. Can put in 5-10% or more daily swings when there are disruptive breezes blowing.

http://www.tradingeconomics.com/unit...-farm-payrolls

daily range the last few NFP's: Aug $2.02 (5.8%); Sep $4.20 (11.1%); Oct $1.65 (6.9%); Nov $1.60 (6.8%)

UVXY will finish > $20.50 today, might get past $22 tomorrow - 12/6 $22c are $0.20, atm finish min $0.60, could strangle $19.5p for another $0.15
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,056
  • Dec 5, 2013 1:35pm Dec 5, 2013 1:35pm
Quoting Cecil Gee
OPENED a trade on USO LONG $35 PUTS for 15c/ $15 per contract. weekly option so expires tomorrow price now is $35.01 I got in at $35.06 USO Dec 2013 35.000 put (USO131206P00035000) -OPR 0.15 {image} 0.20(57.14%) 19:03
I like that, shot of USD strength could kick oil's ass. Did you consider the $34.50 for $0.04...?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,057
  • Dec 5, 2013 1:38pm Dec 5, 2013 1:38pm
Quoting The Fool
{quote} I like that, shot of USD strength could kick oil's ass. Did you consider the $34.50 for $0.04...?
yes I did but it may have been a little to far away for a single day drop of 2% in oil tomorrow so I took the closer one
  • #2,058
  • Dec 5, 2013 1:45pm Dec 5, 2013 1:45pm
Quoting The Fool
{quote} I like that, shot of USD strength could kick oil's ass. Did you consider the $34.50 for $0.04...?
I hope so....Id like to take that oil back down to where it just was and write calls all the way down. hoping for a spike tomorrow to give me reason to.
  • #2,059
  • Dec 5, 2013 2:07pm Dec 5, 2013 2:07pm
Quoting Cecil Gee
{quote} yes I did but it may have been a little to far away for a single day drop of 2% in oil tomorrow so I took the closer one
A buck is a really big move in USO, corr to ~$3 in the underlying +/-.

NFP day ranges recently: Jul $0.63, Aug $0.28, Sep $0.51, Oct $0.76, Nov $0.44

..looks like it'll close right on the $35 strike. For 12/6 you could strangle $35.50c/$34.50p for $0.03/$0.05 - net $0.08+ debit,
or $35C/$34.50P for $0.17/$0.05 net $0.22+ debit
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,060
  • Dec 5, 2013 2:15pm Dec 5, 2013 2:15pm
Quoting The Fool
{quote} A buck is a really big move in USO, corr to ~$3 in the underlying +/-. NFP day ranges recently: Jul $0.63, Aug $0.28, Sep $0.51, Oct $0.76, Nov $0.44 ..looks like it'll close right on the $35 strike. For 12/6 you could strangle $35.50c/$34.50p for $0.03/$0.05 - net $0.08+ debit, or $35C/$34.50P for $0.17/$0.05 net $0.22+ debit
keep a eye out on those INDEXES, a close below 1786 is better than 1787 on the S&P and i'm buying puts for tomorrows short term expiration
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