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  • #3,561
  • May 7, 2014 2:53pm May 7, 2014 2:53pm
short term fade on EA spike might be a decent punt....(took it on 5/17 $33p for $0.35)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,562
  • May 8, 2014 9:57am May 8, 2014 9:57am
Quoting Cecil Gee
taking a short term trade on GAS long position on ETF UNG LONG $27 CALL on UNG for 12c or $12 per contract, Fridays expiration, reason is it just tempted me in. UNG is at $26.51 now UNG May 2014 27.000 call (UNG140509C00027000) -OPR 0.12 {image} 0.06(100.00%) 16:32
above trade has not worked so a loss of $12 per contract, however I have now reversed and am long $25 put at $3 per contract, tomorrows expiration

UNG May 2014 25.000 put (UNG140509P00025000)
-OPR
0.03 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif [COLOR=#008800 !important]0.02[/color][COLOR=#008800 !important](200.00%)[/color] 15:05
  • #3,563
  • May 8, 2014 1:51pm May 8, 2014 1:51pm
Yellen effect lasted a day, and now we drop. I loaded up on SSO 6/21 $99 puts, hope to get some S&P sliding to set me up for a nice gain there, may look to spread, may not.

Weak demand at the long bond auction today was a surprise, dropped TLT a buck in a minute...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,564
  • May 8, 2014 2:10pm May 8, 2014 2:10pm
Quoting The Fool
{quote} Hope we see that, been waiting for a move above $27, then a fall toward $20 over the summer....
(it=UNG) and no, it didn't make it, and no, I didn't get in for the drop. Been looking for that for months now, oh well....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,565
  • May 8, 2014 2:11pm May 8, 2014 2:11pm
Quoting Cecil Gee
{quote} above trade has not worked so a loss of $12 per contract, however I have now reversed and am long $25 put at $3 per contract, tomorrows expiration UNG May 2014 25.000 put (UNG140509P00025000) -OPR 0.03 {image} 0.02(200.00%) 15:05
hope it gets there, good luck CG
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,566
  • May 9, 2014 10:21am May 9, 2014 10:21am
Quoting Cecil Gee
FXE looks good for some volatility, Euro is set for some large movements in the coming days, I'm planning to take a position on FXE in a strangle for June's expiration June $138 call and June $136 puts FXE is bang on around $137 now. Don't know what direction that's why the strangle, max cost $1.06 or $106 per strangle leg CurrencyShares Euro Trust (FXE) -NYSEArca 136.99 {image} 0.04(0.03%) 19:40 - Nasdaq Real Time Price

well in the money on FXE, the Euro may fall next week with out a breather deeper than most think
  • #3,567
  • May 9, 2014 11:34am May 9, 2014 11:34am
Quoting The Fool
{quote} hope it gets there, good luck CG
UNG is gonna drop but probably next week/ its just holding above 25$
  • #3,568
  • May 9, 2014 1:41pm May 9, 2014 1:41pm
Quoting The Fool
{quote} hey whatup Giz, did you find a broker who would take your money? I'd have to say I'm still looking for the best strategy for me, too - trying a bit of everything. Buying/selling naked is where it's at for the poor man - I don't own any of the underlying for any of the options I buy/sell, ever. Just remember if you're selling, you have no rights, only obligations. Selling options naked is very risky then, but you can limit your risk by selling/buying together - that's spreading - a good thing to understand.
I eventually did, great guy, but some black swan event hit my account with a company called MicroVision late February. Today, as I am completely blown out, I'm looking for folks on here to sponsor me some funding as I have worked out a lot of kinks. For someone like me, it's going to be better to daytrade stock and gradually move on to weeklies and regular option trading. There are no real brokers that will give me flexible options trading in my location atm, so it's really tough to get started.
uphill battle
  • #3,569
  • May 9, 2014 2:19pm May 9, 2014 2:19pm
Flat day, no conviction either way re: general market sentiment. I think I have had like a 2-3% gain on the week. Next week I would not be surprised to see S&P pick up and make that move above 1,900 or just keep flatlining or maybe start to slide steadily. I'm in nothing new. Thought about selling SSO puts against 6/21 $99 long puts that I hold. Rather wait til a new week to think on that some more. I have closed out most of the TLT spreads I was in. Sitting on cash and will look to put it to work next week. Have a good weekend all.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,570
  • May 9, 2014 3:12pm May 9, 2014 3:12pm
so important to see where $usd opens next week, if it opens and trades above 79.95 then more pain for eur but good for stocks
  • #3,571
  • May 10, 2014 12:32pm May 10, 2014 12:32pm
Quoting The Fool
short term fade on EA spike might be a decent punt....(took it on 5/17 $33p for $0.35) {image}
dead wrong on EA.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,572
  • May 10, 2014 12:38pm May 10, 2014 12:38pm
Quoting The Fool
http://www.marketwatch.com/story/mon...?siteid=yhoof2 That Alibaba valuation could be a miss, could see YHOO bounce back hard on the IPO. YHOO sliding <$34 now. {image}
lotsa volume in the Jul calls, will be watching for a slide further into the $33.xx. Will prolly look at Jul $37 c and sell nearer weeklies around there to chip away at the debit...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,573
  • Edited 1:40pm May 10, 2014 1:07pm | Edited 1:40pm
Quoting The Fool
Weak demand at the long bond auction today was a surprise, dropped TLT a buck in a minute...
New 30yr bond auctions on 5/12 and 13. If more weak bid-to-cover in those and no geopolitical scares on the wires (and Yellen's dove calls still echoing) then I won't be surprised to see US indices break out upside in force. With that in mind, I am shopping around some of the beat down tech sector names, watching for further movements in TLT/TBT.

http://www.businessinsider.com/30-yi...auction-2014-5

Last time ^TYX approached 4.0% was Dec 31, 2013 and TLT made a low of $101.17. TBT same date high of $80.28.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,574
  • May 10, 2014 2:02pm May 10, 2014 2:02pm
DNDN 1/15 $5.00 calls are $0.11. I can afford about 500, and when DNDN rockets to $20+, I'll make $1,000,000+.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,575
  • May 10, 2014 9:09pm May 10, 2014 9:09pm
Sup TF, I'm wondering if you know about this broker that allows you to trade for other traders? It's not eToro. It's a legitimate site that allows you to buy a massive lot and divide it among the people who invested with you.
uphill battle
  • #3,576
  • May 10, 2014 10:47pm May 10, 2014 10:47pm
Quoting The Fool
DNDN 1/15 $5.00 calls are $0.11. I can afford about 500, and when DNDN rockets to $20+, I'll make $1,000,000+. {image}
hey Giz, I think there are some fx brokers that allow PAMM accounts (PAMM = Percentage Allocation Management Module) - I did a quick google on PAMM accounts and I saw Alpari, for instance. For trading opm (other people's money) from outside the US, I'm not sure which US brokers are going to allow that for you, you'll just have to ask them.

I just opened an IB (Interactive Brokers) account and I saw they allow all kinds of joint accounts - Trusts, "Friends and Family", etc - you might check with them. Good Luck.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,577
  • May 10, 2014 11:08pm May 10, 2014 11:08pm
Quoting The Fool
{quote} I won't be surprised to see US indices break out upside in force.
I am leaning that way, looking to sell TLT calls if the early week long bond auctions are weakly bid, sell SSO puts, etc...

http://www.marctomarket.com/2014/05/...hnical_10.html

" US economic data is generally pointing to a strong rebound after the world's largest economy stagnated, or worse, in Q1. However, Fed policy is seen as practically on auto-pilot and most of the data in next few weeks is not going to impact the pace of the tapering operation or bring forward expectations of the first rate hike.

The Dollar Index staged a key reversal on May 8 and was lifted further by following through buying on May 9 ahead of the weekend. Despite the sharp recovery, the Dollar Index failed to rise above the previous week's high. The band of resistance between 79.90 and 80.20 is the key to a stronger recovery. A break of the 79.25 area would warn that that upside correction is over.

A constructive dollar view is at least partly predicated on the rise in US 10-year yields. The yield had flirted with the year's lows below 2.6%, but looks like it can rebound in the coming days. "
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,578
  • May 10, 2014 11:20pm May 10, 2014 11:20pm
Quoting The Fool
{quote} I am leaning that way, looking to sell TLT calls if the early week long bond auctions are weakly bid, sell SSO puts, etc... "
What upside targets do you see for the US markets? And what levels do you think are important support levels to participate around?
  • #3,579
  • May 11, 2014 1:14am May 11, 2014 1:14am
Q1 earnings mostly in, I am watching a few in the coming week:

5/14: A, CSCO; 5/15: JCP, DANG; 5/16: CSIQ

I am looking for CSIQ to pop....
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,580
  • May 11, 2014 1:27am May 11, 2014 1:27am
Quoting The Fool
Q1 earnings mostly in, I am watching a few in the coming week: 5/14: A, CSCO; 5/15: JCP, DANG; 5/16: CSIQ I am looking for CSIQ to pop.... {image}
have made big money strangling CSCO in the past, but also lost when it was sluggish on the ER. Sitting at $23, I may try a $22/$24 long strangle for 5/17 ($0.17/$0.17) or 5/23 ($0.21/$0.20)...
"If The Fool persists in his Folly he will become wise." - William Blake
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