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  • #3,821
  • May 29, 2014 1:48pm May 29, 2014 1:48pm
Quoting Cecil Gee
I'm taking a punt on UNG for a one day expiration or tomorrows expiry on natural gas. With it being the final day of May and we're heading into summer I think the spread traders will be rolling put spread contracts into next month. UNG is trading at $25.58 and the $25.50 put is at 17c or $17 per contract and it has my attention, not putting to much into this as the 50 day ma is around 25.23 area. The trade is cheap enough United States Natural Gas (UNG) -NYSEArca 25.58 {image} 0.11(0.43%) 16:56 - Nasdaq Real Time Price UNG May 2014 25.500 put (UNG140530P00025500)...
With you on UNG, but I have legged into Jul $24 puts for $0.50 when UNG was trading around $25.50. I have been watching the build grow and I still think there is a good chance for a summertime dip towards $21. Maybe I'm just a glutton for punishment....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,822
  • May 29, 2014 1:51pm May 29, 2014 1:51pm
Quoting njr
{quote} Wow - GDP -1%....wasn't expecting that! Interesting to see where the market moves today and if the bulls will trump the bears (again)....
That's a Q1 number still, right? - I don't know why I was thinking Q2 was coming out....everyone was expecting Q1 to be poor because the entire northern 2/3 of the USA was under 100 feet of ice. Hard to get out shopping in that. Thank God for Amazon.com.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,823
  • May 29, 2014 2:09pm May 29, 2014 2:09pm
Quoting The Fool
{quote} That's a Q1 number still, right? - I don't know why I was thinking Q2 was coming out....everyone was expecting Q1 to be poor because the entire northern 2/3 of the USA was under 100 feet of ice. Hard to get out shopping in that. Thank God for Amazon.com.
Yup, Q1 revised. The bulls are winning today (again!!!!)....Relentless!!
  • #3,824
  • May 29, 2014 2:44pm May 29, 2014 2:44pm
Quoting njr
{quote} Yup, Q1 revised. The bulls are winning today (again!!!!)....Relentless!!
We will make a call buyer out of you if you don't watch out. My DSW calls already up $0.05. I am Jesse Livermore's Daddy.

Nice to see bonds moving the other way from equities for a change, anyway, wonder if that can take hold....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,825
  • May 29, 2014 8:02pm May 29, 2014 8:02pm
Silver:

Holding up pretty well compared to gold. Weekly @ big support. Daily just put in a nice pinbar. I'm selling puts.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: xagusddaily.png Size: 38 KB
  • #3,826
  • May 29, 2014 10:07pm May 29, 2014 10:07pm
Quoting srt
Silver: Holding up pretty well compared to gold. Weekly @ big support. Daily just put in a nice pinbar. I'm selling puts. {image} {image}
selling puts liable to work across the board because everything's getting bought. Even bitcoin is up....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,827
  • May 29, 2014 10:46pm May 29, 2014 10:46pm
Quoting Cecil Gee
I'm taking a punt on UNG for a one day expiration or tomorrows expiry on natural gas. With it being the final day of May and we're heading into summer I think the spread traders will be rolling put spread contracts into next month. UNG is trading at $25.58 and the $25.50 put is at 17c
well natgas has been very hard to push down, even with increasing storage numbers it floats up, and now summer heat is coming. I was just hoping for a couple down days so I could put on a decent put spread, but I won't be surprised if UNG goes back above $25.50 Friday. I'd be watching those puts like a hawk at the open if they were mine.

I see in the 5/30 stack right around 12,000 each in $25 put/$26 call, maybe some long strangle volume in there, the idea I floated earlier, but didn't take the trade.

If I don't see red UNG tomorrow I will def be looking to sell June puts up enough to make back some of what I threw in on $24 Jul long puts....$0.50 I think it was...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,828
  • May 29, 2014 11:02pm May 29, 2014 11:02pm
NBG up near 20% in the last couple weeks. Most of the 237,000 $5 and $7 Jan '16 calls are mine, and when NBG gets above $10, I will be able to buy Greece.
Attached Image(s) (click to enlarge)
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,829
  • May 30, 2014 12:15am May 30, 2014 12:15am
Quoting The Fool
{quote} We will make a call buyer out of you if you don't watch out. My DSW calls already up $0.05. I am Jesse Livermore's Daddy. Nice to see bonds moving the other way from equities for a change, anyway, wonder if that can take hold....
Lol - Thanks Daddy Livermore :-) I'm a hardcore seller and it'll take more than this to covert me

As a side note, interesting read on CNBC behind the divergence between bonds and equities!

http://www.cnbc.com/id/101716453
  • #3,830
  • May 30, 2014 12:40am May 30, 2014 12:40am
Quoting njr
{quote} interesting read on CNBC behind the divergence between bonds and equities! http://www.cnbc.com/id/101716453
hey thanks for that link, that was all I needed on the bond conundrum to finally make my head explode. I'm sure I will trade better now.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,831
  • May 30, 2014 8:29am May 30, 2014 8:29am
1 minute before market opens and if citi opens up at $47.22 or below i'm long $42 put for 6c or under

Citigroup Inc. (C)
-NYSE
47.22 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.06(0.14%) 14:30 - Nasdaq Real Time Price

long the put
  • #3,832
  • May 30, 2014 8:34am May 30, 2014 8:34am
Quoting Cecil Gee
I'm taking a punt on UNG for a one day expiration or tomorrows expiry on natural gas. With it being the final day of May and we're heading into summer I think the spread traders will be rolling put spread contracts into next month. UNG is trading at $25.58 and the $25.50 put is at 17c or $17 per contract and it has my attention, not putting to much into this as the 50 day ma is around 25.23 area. The trade is cheap enough United States Natural Gas (UNG) -NYSEArca 25.58 {image} 0.11(0.43%) 16:56 - Nasdaq Real Time Price...

up 3+fold on UNG

United States Natural Gas (UNG)
-NYSEArca
24.99 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.31(1.23%) 14:32 - Nasdaq Real Time Price
  • #3,833
  • May 30, 2014 9:14am May 30, 2014 9:14am
Quoting Cecil Gee
{quote} up 3+fold on UNG United States Natural Gas (UNG) -NYSEArca 24.99 {image} 0.31(1.23%) 14:32 - Nasdaq Real Time Price
Take the money and run, baby. UNG looking like it wants to bounce back into the low $25's. I am holding out for some more downside early next week for my Jul $24 puts.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,834
  • May 30, 2014 9:20am May 30, 2014 9:20am
S&P turning up, gold looking weak. I'd love to see a $30+ gold drop today....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,835
  • May 30, 2014 9:22am May 30, 2014 9:22am
Quoting cecil gee
i'm taking a punt on ung for a one day expiration or tomorrows expiry on natural gas. With it being the final day of may and we're heading into summer i think the spread traders will be rolling put spread contracts into next month. Ung is trading at $25.58 and the $25.50 put is at 17c or $17 per contract and it has my attention, not putting to much into this as the 50 day ma is around 25.23 area. The trade is cheap enough united states natural gas (ung) -nysearca 25.58 {image} 0.11(0.43%) 16:56 - nasdaq real time price...
out at 65c or $65 per contract

UNG May 2014 25.500 put (UNG140530P00025500)
-OPR
0.65 https://s.yimg.com/lq/i/us/fi/03rd/up_g.gif 0.35(116.67%) 15:04
  • #3,836
  • May 30, 2014 9:23am May 30, 2014 9:23am
Quoting The Fool
{quote} Take the money and run, baby. UNG looking like it wants to bounce back into the low $25's. I am holding out for some more downside early next week for my Jul $24 puts.
took the money. they will run it next week
  • #3,837
  • May 30, 2014 9:24am May 30, 2014 9:24am
Quoting Cecil Gee
1 minute before market opens and if citi opens up at $47.22 or below i'm long $42 put for 6c or under Citigroup Inc. (C) -NYSE 47.22 {image} 0.06(0.14%) 14:30 - Nasdaq Real Time Price long the put
they screwed me on citi, suckered me in, will lose this
  • #3,838
  • May 30, 2014 10:29am May 30, 2014 10:29am
I think the low on GLD at 119.75 will probably be it so I'm expecting a little retrace above 120$ on GLD, that long call option is at 16c for a quick scalp

SPDR Gold Shares (GLD)
-NYSEArca
119.89 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 1.05(0.87%) 16:24 - Nasdaq Real Time Price
  • #3,839
  • May 30, 2014 11:08am May 30, 2014 11:08am
Quoting Cecil Gee
I think the low on GLD at 119.75 will probably be it so I'm expecting a little retrace above 120$ on GLD, that long call option is at 16c for a quick scalp SPDR Gold Shares (GLD) -NYSEArca 119.89 {image} 1.05(0.87%) 16:24 - Nasdaq Real Time Price
$119.72, rats jumping ship at the end of the month, I need $119 to make my month.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #3,840
  • May 30, 2014 11:18am May 30, 2014 11:18am
Quoting The Fool
{quote} $119.72, rats jumping ship at the end of the month, I need $119 to make my month.
sorry mate but I have taken a sneaky GLD $120 long call just for the end of today or sooner if it works for 10c or $10 per contract, may work or not

GLD May 2014 120.000 call (GLD140530C00120000)
-OPR
0.10 https://s.yimg.com/lq/i/us/fi/03rd/down_r.gif 0.95(90.48%) 16:58
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