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  • #7,581
  • Mar 9, 2015 12:02pm Mar 9, 2015 12:02pm
What a boring, boring day... but hey, Apple event is just about to start...

Goldman Sachs On Why Nasdaq 100 Is Likely To Outperform S&P 500

Yeah, just buy every 2 point dip, to eternity and beyond. And everything is so cheap on Naz...
But hey StrayDog, just because something is expensive, that doesn't mean it can't be more expensive...

AAPL made a 7% move top-to-bottom on i-Phone 6 event if I remember correctly... But then, IVR was much higher, over 60, and now is 44.
What about selling a wide weekly strangle on it? Idk... I expected more volatility today with Eurogroup meeting and all, but nothing much so far.

BABA.... I didn't had a steady hand to short mofo on Friday... was prepared to try shorting from $85. Just sitting now, like a sack of potatoes.
Hope is dangerous in this game.
  • #7,582
  • Mar 9, 2015 12:09pm Mar 9, 2015 12:09pm
Quoting StrayDog
{quote} About BABA lock-up Alibaba's big lock-up expiration to test faithful There you will find the right numbers. Additional 1.6 bln (not 16 bln) in September.
aah, that makes more sense - still a huge number, tho
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,583
  • Mar 9, 2015 12:25pm Mar 9, 2015 12:25pm
Quoting StrayDog
What a boring, boring day... but hey, Apple event is just about to start...
http://www.apple.com/live/2015-mar-event/

Boring so far... all talk is about i-Phone... AAPL +1%...


QIHU has ER's in AH...


going to short...



... short an orange
Hope is dangerous in this game.
  • #7,584
  • Mar 9, 2015 12:38pm Mar 9, 2015 12:38pm
Quoting StrayDog
... Could we please NOT see another V shape bottom... .
lol, one V-bottom coming up....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,585
  • Mar 9, 2015 12:47pm Mar 9, 2015 12:47pm
Yeah, if the mofo doesn't rollover from 2085... say goodbye to short-term increase of volatility... and just business as usual, slow grinding up...

Hm... but... it ain't over until the fat lady sings... JY and merry band of FOMC members still have a gig on March 18...

I just wonder:
On the same week as FOMC, we have
- CL Apr options (Mar17) and futures (Mar20) expiry
- all equity options and index futures (ES, NQ, TF, YM...) expiry on Mar20
- VIX options (Mar17) and futures (Mar18) expiry

Hike or no hike, that is the question... Or we just don't care about that any more?
Yo, SD, why didn't you just bought the dip... 2068 on ES holds. Having a bias is a bitch.


Add-on
AAPL is 2+ % up...
Shorting an orange...
#don't-care-about-i-watch

Add-on-2
New MacBook does look awesome... Just 2 pounds in weight...
Hope is dangerous in this game.
  • #7,586
  • Mar 9, 2015 2:16pm Mar 9, 2015 2:16pm
Quoting StrayDog
BABA.... I didn't had a steady hand to short mofo on Friday... was prepared to try shorting from $85. Just sitting now, like a sack of potatoes.
My premise is shot on BABA, I thought they might run up before the lockout release date, but nooo.

FXCM has announced conference call & ER AH on Thursday. Could be phun!

I am trying to fill a SPY Mar4/Mar5 $200/$199 put diagonal for $0.06. The difference between Mar4 and Mar5 is 4 trading days. Good action on the put diagonals, low-end b/e is $198, 10-lot risks $68 to make maxP $425. Need a drop to $200 m/l by the end of the month, I bracket the sweet P/L rise on the diagonal for the week after the FOMC...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,587
  • Edited 10:41pm Mar 9, 2015 3:32pm | Edited 10:41pm
Quoting The Fool
trying to fill a Apr/Apr4 BAC $17 call calendar for $0.02....
filled for $0.03

....20-Lot risks $60 to make $240, m/l...b/e's at $16.30 to $17.75
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,588
  • Mar 10, 2015 12:08am Mar 10, 2015 12:08am
US index futures red overnight, let's see if that holds up & we can get a midweek dip....I will be looking at weekly vertical bear put spread opps....
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-09_spy.png Size: 61 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,589
  • Mar 10, 2015 1:00am Mar 10, 2015 1:00am
fiber at a 12yr low and /CL can't show red overnight....isn't dat whacky? Anyway, I might add a spread like the Jan '16 PBR bull call vertical to my menagerie of crazy ass trades. Well...a lot can happen in 9 months: oil might push back up, Dilma might get the hook, who knows? $0.22 for a $3-wide 9-month out spread might be a good deal. PBR hit a fresh low today....
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-09_pbr.png Size: 57 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,590
  • Mar 10, 2015 7:08am Mar 10, 2015 7:08am
SDog you might be interested in BookMap if you are a futures scalper...

http://www.bookmap.com/#about
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,591
  • Mar 10, 2015 7:28am Mar 10, 2015 7:28am
http://finance.yahoo.com/news/varouf...081412282.html

"The Greek government is behaving as if everyone must dance to its tune. But there must be an end to this madness. Europe must not be made to look stupid," wrote a commentator.

...a little late for that now, I'd say.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,592
  • Mar 10, 2015 8:59am Mar 10, 2015 8:59am
Quoting The Fool
fiber at a 12yr low and /CL can't show red overnight....isn't dat whacky?
Yes it is... could that really mean that CL is at bottom? Or bottoming, or near bottom...

I missed long CL / USO today, had too much work... for shorting shares, congrats to those who shorted in premarket...
Hope is dangerous in this game.
  • #7,593
  • Mar 10, 2015 11:49am Mar 10, 2015 11:49am
How come this kind of news always appear near CL futures expiry?

Brent below $57, EIA revises US crude forecast

What a move on URBN... tech is leading the sell-off as I logically expected (no-brainer there), yesterday was a bull trap - a rare thing to see these days.

ES stopped RIGHT at fibo 50 retracement from Feb low to ATH... ~2047... looking weak.
Hope is dangerous in this game.
  • #7,594
  • Mar 10, 2015 2:24pm Mar 10, 2015 2:24pm
Quoting StrayDog
....tech is leading the sell-off as I logically expected (no-brainer there), yesterday was a bull trap - a rare thing to see these days. ES stopped RIGHT at fibo 50 retracement from Feb low to ATH... ~2047... looking weak.
I had SPY bear spreads I tried to fill yesterday, no dice, so have just been watching the show today. Most of it was done before the bell.
Accounts are treading water, as I have a mix of bullish & bearish positions. Little screentime today, feeling a little out of it, but also looking on like hungry wolf. I wonder how far TLT will bounce? Will look for a chance to fade that...a hawkish FOMC might get that moving south in a big way, $120 looks like a target...

Hope some of you caught this bearish move....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,595
  • Mar 10, 2015 2:42pm Mar 10, 2015 2:42pm
Quoting The Fool
{quote} I had SPY bear spreads I tried to fill yesterday, no dice, so have just been watching the show today. Most of it was done before the bell. Accounts are treading water, as I have a mix of bullish & bearish positions. Little screentime today, feeling a little out of it, but also looking on like hungry wolf. I wonder how far TLT will bounce? Will look for a chance to fade that...a hawkish FOMC might get that moving south in a big way, $120 looks like a target... Hope some of you caught this bearish move...
Yeah, well, since I am a stay at home dad before the bell, nope... I didn't catch it.
And there was nothing to catch with options because it was too late when market opened and options start to work, only shorting stocks / futures / CFDs in premarket... had a few small trades in RTH, nothing to brag about... tried to fade that URBN move, but that shit is way too crazy... which is amazing in the day like this. I have Mar and Apr VXX bull put spreads, the first one is still underwater (when I entered I was too close to the price), the second is positive... a bunch of free margin unused.

Yes, Urban Outfitters is Up a Ton, But We Upgraded It Anyway
wtf
Hope is dangerous in this game.
  • #7,596
  • Mar 10, 2015 2:59pm Mar 10, 2015 2:59pm
Quoting StrayDog
{quote} Yeah, well, since I am a stay at home dad before the bell, nope... I didn't catch it. wtf
Yep, I have some trades that are lookin good, some that will be complete loss, as usual...

I have a $76 FB put calendar expiring next week that I bought for $0.18, worth $0.47 or so now. Other Mar expiry trades are dogs - SLV, EFA, FXE bullish () spread trades will bite the dust, but they were all small risk. The old SPY $210/$211 Mar/Mar5 diagonal is positioned well now to catch the next btfd, if that comes.

I need to get my act together and put on more trades.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,597
  • Mar 10, 2015 5:24pm Mar 10, 2015 5:24pm
Quoting The Fool
SDog you might be interested in BookMap if you are a futures scalper... http://www.bookmap.com/#about
Have you used it at all? I like the DOM off to the side; not sure I like all the visual clutter on the chart itself ... . Pricing is $10 a month/$499 lifetime ... . Not sure I'd pay the lifetime unless I was absolutely in love with the product ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #7,598
  • Mar 10, 2015 5:29pm Mar 10, 2015 5:29pm
Quoting The Fool
{quote} Yep, I have some trades that are lookin good, some that will be complete loss, as usual... I have a $76 FB put calendar expiring next week that I bought for $0.18, worth $0.47 or so now. Other Mar expiry trades are dogs - SLV, EFA, FXE bullish () spread trades will bite the dust, but they were all small risk. The old SPY $210/$211 Mar/Mar5 diagonal is positioned well now to catch the next btfd, if that comes. I need to get my act together and put on more trades.....
Also need to get my act together and get an account set up ... . With all the scrambling around to divvy up forex assets I did post-SNB, haven't had time. My forex trading is simply not as entertaining as it used to be ... .

Any recommendations you might have for a broker/platform? I've piddled around looking, but you never really know if you're going to like the platform until you actually start doing trades on it. I hate demo'ing platforms ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #7,599
  • Mar 10, 2015 6:16pm Mar 10, 2015 6:16pm
Quoting ZebraSquirl
{quote} Have you used it at all? I like the DOM off to the side; not sure I like all the visual clutter on the chart itself ... . Pricing is $10 a month/$499 lifetime ... . Not sure I'd pay the lifetime unless I was absolutely in love with the product ... .
No, I saw it over at hayseed's thread & checked it out & thought it looked cool. I have been thinking about getting back into the scalping game, but currently I am m/l just trading equity options.

re: platforms, I have gotten used to using thinkorswim (ToS), which is a TDAmeritrade holding now. TDA is as sucky as most "discount" brokers are, but ToS is very nice for options.

re: brokers, I'd recommend IB just for their pricing alone. The platforms there are useable but I just enter/manage orders, that's it.

Good luck, ZS - hope you will stop by and chew fat sometimes, especially if you are trading options. We could use a few more voices around here.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,600
  • Mar 10, 2015 7:36pm Mar 10, 2015 7:36pm
Quoting The Fool
{quote} No, I saw it over at hayseed's thread & checked it out & thought it looked cool. I have been thinking about getting back into the scalping game, but currently I am m/l just trading equity options. re: platforms, I have gotten used to using thinkorswim (ToS), which is a TDAmeritrade holding now. TDA is as sucky as most "discount" brokers are, but ToS is very nice for options. re: brokers, I'd recommend IB just for their pricing alone. The platforms there are useable but I just enter/manage orders, that's it. Good luck, ZS - hope you will...
Thanks tons for the info ... . Forex is nice, but just doesn't offer all that much selection; good for when I don't have that much time ... . But I like to eat several types of chips at the same time, preferably with a variety of dips ... .
Fireworks are fun ... as long as you don't blow your fingers off.
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