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  • #3,321
  • Mar 26, 2014 1:11pm Mar 26, 2014 1:11pm
Quoting The Fool
Little screen time last two days, need to catch up today. I've been m/l unplugged from media last few days so just trying to get a clue. US stock index futures are well up & nothing major in the way of US econ data on the docket for the rest of the week, so I'm looking for risk-on scenarios. Been looking for gold to continue sliding so I can sell DUST calls for good credit against Apr DUST $31 calls I hold - would like to sell above that strike. Been watching $109 level in TLT for months and it bounced off that AGAIN....someday I may actually get...
I can't find any Apr weekly DUST strikes >$29, DUST up >$2 today, now $25.61. So wtf? If I could get in over my long calls strike @ $31 I would sell 4/4 or 4/11 calls....

TLT drifting up, $109.2x, and I am looking at Apr credit spreads with $106 or $106.50 short
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,322
  • Mar 26, 2014 1:18pm Mar 26, 2014 1:18pm
SCTY heading for bounce country soon?....I thought $60 might do it, there now @ $60.54....
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-26_scty.png Size: 54 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,323
  • Mar 26, 2014 2:38pm Mar 26, 2014 2:38pm
Quoting The Fool
{quote} .... TLT drifting up, $109.2x, and I am looking at Apr credit spreads with $106 or $106.50 short
gonna watch this hog & see if he can put on a little more fat. Run the risk of losing todays gains (see 3/25) but that's always true. I could be wrong and I'm still trying to wrap my weak mind around the evolving Treasury yield curve, but I don't think ^TNX can dip far below 2.4 for long. At any rate I will be content to get in a put spread for credit, looking at long May $107p now...
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-03-26_tlt.png Size: 55 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,324
  • Mar 26, 2014 2:53pm Mar 26, 2014 2:53pm
Another big down day in ^IXIC (Nasdaq) - is the correction underway? ..or maybe just some healthy deflation for the tech stock bubble?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,325
  • Mar 26, 2014 3:06pm Mar 26, 2014 3:06pm
Quoting The Fool
Another big down day in ^IXIC (Nasdaq) - is the correction underway? ..or maybe just some healthy deflation for the tech stock bubble?
risk assets, equities and gold too (?) getting sold and bonds getting bought - could be a persistent theme

good touch on the TLT $109 long calls, Cecil. Bet that keeps getting bought AH

I couldn't get what I was looking for today (maybe just as well )...DUST went up ~12%, would love to see some repeats there next 2 days, not sure, maybe we see a bounce for gold off $1,300.00....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,326
  • Mar 26, 2014 3:15pm Mar 26, 2014 3:15pm
Quoting The Fool
{quote} I could be wrong and I'm still trying to wrap my weak mind around the evolving Treasury yield curve, but I don't think ^TNX can dip far below 2.4 for long. At any rate I will be content to get in a put spread for credit, looking at long May $107p now... {image}
http://www.zerohedge.com/news/2014-0...auction-whoppe


"The 10 yr yield is about to hit the 'death cross'. TLT has already seen a 'golden cross'.
Treasury rates are on the cusp of dropping.....a lot."

somebody splain it to me
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,327
  • Mar 27, 2014 1:18am Mar 27, 2014 1:18am
Quoting The Fool
SCTY heading for bounce country soon?....I thought $60 might do it, there now @ $60.54.... {image}
Wed closed at $60.05, watching....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,328
  • Mar 27, 2014 7:57am Mar 27, 2014 7:57am
Quoting Cecil Gee
New order executed for a APPL long strangle trade APRIL 4 expiration long AAPL $550 CALL for $2.16 or $216 per long leg and LONG $515 PUT for $1.70 or $170 per leg Total cost for strangle $386 plus comms per strangle leg. Lots of data over the next two plus weeks and political but the real reason is where the IV is sitting Apple trading at $534.57 as of now Apple Inc. (AAPL) -NasdaqGS 534.57 {image} 3.17(0.60%) 15:01 - Nasdaq Real Time Price AAPL Apr 2014 550.000 call (AAPL140404C00550000) -OPR 2.16 {image} 0.44(25.58%) 2:42PM GMT AAPL Apr 2014...
The above APPL trade I will be rolling out to MAY expiration, new prices will be provided once the market opens with new strikes
  • #3,329
  • Mar 27, 2014 8:47am Mar 27, 2014 8:47am
Hi all,

New position:

SOLD SPX Mar31'14 1775 PUT (SPXQ) @CBOE @ 0.8
  • #3,330
  • Mar 27, 2014 9:15am Mar 27, 2014 9:15am
Quoting Cecil Gee
{quote} The above APPL trade I will be rolling out to MAY expiration, new prices will be provided once the market opens with new strikes
I have moved the expiation to 11 April and still $550 strike for $4.35 or $435 in addition I have also purchased the 19 April expiration $500 put for 70c or $70 per leg.
I was already in a strangle in AAPL since last week but now I have rolled out further for time with a additional cost, My new total cost is $515 per strangle leg

AAPL Apr 2014 550.000 call (AAPL140419C00550000)
-OPR
4.35 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 0.25(5.43%) 13:51

AAPL Apr 2014 500.000 put (AAPL140419P00500000)
-OPR
0.70 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.15(27.27%) 13:47
  • #3,331
  • Mar 27, 2014 9:18am Mar 27, 2014 9:18am
Quoting Cecil Gee
Trade executed for TLT earlier. I'm long TLT $109 calls for Fridays expiration at 21c $21 per contract. A fourth attempt to break it is taking place slowly, we may even get a gap above later in the week and at such a cheap price its definitely worth the risk of premium. TLT is at $108.34 iShares 20+ Year Treasury Bond (TLT) -NYSEArca 108.34 {image} 0.11(0.10%) 2:43PM GMT - Nasdaq Real Time Price TLT Mar 2014 109.000 call (TLT140328C00109000) -OPR 0.21 {image} 0.03(12.50%) 14:08
closed the TLT weekly trade at 70c or $70 per contract, originally purchased for $21 per contract

TLT Mar 2014 109.000 call (TLT140328C00109000)
-OPR
0.70 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 0.09(14.75%) 13:39
  • #3,332
  • Mar 27, 2014 10:08am Mar 27, 2014 10:08am
new trade initiated on CITI for some bounce after some rejection news from the FED, citi has dropped over 4% from yesterdays close so I'm just playing % game.

I'm long $48.00 calls at 25c or $25 per contract to close some of the gap from $50.16. CITI trading at $47.72

Citigroup Inc. (C)
-NYSE
47.72 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 2.44(4.87%) 15:05 - Nasdaq Real Time Price


C Mar 2014 48.000 call (C140328C00048000)
-OPR
0.25 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 1.90(88.37%) 14:50
  • #3,333
  • Mar 27, 2014 10:34am Mar 27, 2014 10:34am
Quoting Cecil Gee
new trade initiated on CITI for some bounce after some rejection news from the FED, citi has dropped over 4% from yesterdays close so I'm just playing % game. I'm long $48.00 calls at 25c or $25 per contract to close some of the gap from $50.16. CITI trading at $47.72 Citigroup Inc. (C) -NYSE 47.72 {image} 2.44(4.87%) 15:05 - Nasdaq Real Time Price C Mar 2014 48.000 call (C140328C00048000) -OPR 0.25 {image} 1.90(88.37%) 14:50
closed the above trade for 17c or $17 per contract loss of 8c or $8 per contract plus comms, will look to enter again
  • #3,334
  • Mar 27, 2014 11:56am Mar 27, 2014 11:56am
entered a long $47.50 call on CITI for 20c or $20 per contract for tomorrows exp.

CITI is at $47.31

Citigroup Inc. (C)
-NYSE
47.31 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 2.85(5.67%) 16:51 - Nasdaq Real Time Price

C Mar 2014 47.500 call (C140328C00047500)
-OPR
0.20 http://l.yimg.com/a/i/us/fi/03rd/down_r.gif 2.19(91.63%) 4:37PM GMT
  • #3,335
  • Edited 2:12pm Mar 27, 2014 1:55pm | Edited 2:12pm
Quoting Cecil Gee
{quote} I have moved the expiation to 11 April and still $550 strike for $4.35 or $435 in addition I have also purchased the 19 April expiration $500 put for 70c or $70 per leg. I was already in a strangle in AAPL since last week but now I have rolled out further for time with a additional cost, My new total cost is $515 per strangle leg AAPL Apr 2014 550.000 call (AAPL140419C00550000) -OPR 4.35 {image} 0.25(5.43%) 13:51 AAPL Apr 2014 500.000 put (AAPL140419P00500000) -OPR 0.70 {image} 0.15(27.27%) 13:47
I'm with you long AAPL, have $600 long calls @ 5/17 for $2.05, now I need the tech stock beatdown to subside and AAPL to motor up so I can sell some otm Apr calls for good credit.

DUST is giving me what I need and I will probably just sell the Apr $31 calls today for about $0.45 net. I don't like the wide spreads in DUST options - doesn't stack up well for spreading, but with the 3x leverage it's nice for long calls/puts if you can catch a run. I bought the Apr $31 calls about a month ago and paid a lot ($0.84) for them, so I'll be glad to get out of them with a decent profit. ......(sold em at $1.30)
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,336
  • Mar 27, 2014 2:14pm Mar 27, 2014 2:14pm
Quoting njr
Hi all, New position: SOLD SPX Mar31'14 1775 PUT (SPXQ) @CBOE @ 0.8
yes.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,337
  • Mar 27, 2014 2:17pm Mar 27, 2014 2:17pm
for all the carnage in tech stocks still ^VIX is tamed, m/l toeing the 15 line all month
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,338
  • Mar 27, 2014 2:21pm Mar 27, 2014 2:21pm
Quoting The Fool
did a credit spread on HLF, Apr $60c/$65c - $0.78/($0.33) - $0.45 net credit I am waiting to see if HLF will drop and bounce off $50 & may get in a Apr debit put spread on it if it does...
this is looking dicey, K. Icahn trying to screw me again, bastard....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,339
  • Edited 1:44pm Mar 28, 2014 1:27pm | Edited 1:44pm
Quoting The Fool
{quote} I'm with you long AAPL, have $600 long calls @ 5/17 for $2.05, now I need the tech stock beatdown to subside and AAPL to motor up so I can sell some otm Apr calls for good credit.
Tech stock bounce hard to find, AAPL down a few bucks and Nasdaq just went red.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,340
  • Mar 29, 2014 10:07am Mar 29, 2014 10:07am
http://www.simpleroptions.com/public...69ab3c1ec99ac4

John Carter says long bonds, short stocks, call credit spreads and bearish put spreads on the Q's and choice tech stocks.
"If The Fool persists in his Folly he will become wise." - William Blake
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