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  • #8,541
  • May 4, 2015 9:07am May 4, 2015 9:07am
Hey TF... USD stronger a bit, we got a lil' pullback in Oil... a needed one for the call calendars we have.
Hope is dangerous in this game.
  • #8,542
  • May 4, 2015 10:07am May 4, 2015 10:07am
Quoting StrayDog
Hey TF... USD stronger a bit, we got a lil' pullback in Oil... a needed one for the call calendars we have.
problem with is if this is another bull leg in the Dollar JUST STARTING then this could take oil below 50 again
  • #8,543
  • May 4, 2015 10:18am May 4, 2015 10:18am
Quoting Cecil Gee
{quote} problem with is if this is another bull leg in the Dollar JUST STARTING then this could take oil below 50 again
Well I find it strange that it did not re-test former resistance @ $54... It is gone too far too fast. So let it dip.

Oil is fantastic instrument to trade --> because you can always find a bit of volatility there, but you gotta be careful... I traded with one guy back in 2010, he doubled his account ($35k --> $70k) in one year trading Oil CFDs. We had an MT4 account with FXCM back then. Oil was much higher then, and he always used 50c SL, and hold trades for a move of $2-4 or even more.
Hope is dangerous in this game.
  • #8,544
  • May 4, 2015 11:02am May 4, 2015 11:02am
Quoting StrayDog
Hey TF... USD stronger a bit, we got a lil' pullback in Oil... a needed one for the call calendars we have.
I have May $20, $21 and $23, although not all in same accounts, so I am looking for USO $20.50 or so for my best finish. Calendars, all about the end-game, kind of annoying....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,545
  • May 4, 2015 11:41am May 4, 2015 11:41am
This is a really good time to read a book, since this PA is just booooooooriiiiiiiiing...
... a few books in a reading row... looking at Trades About to Happen right now... looking to improve my scalping abilities.
Hope is dangerous in this game.
  • #8,546
  • May 4, 2015 11:45am May 4, 2015 11:45am
Quoting StrayDog
PA is just booooooooriiiiiiiiing.....
I bought a weekly SPY $211.5/$211.00 put vertical for $0.17 a little while ago
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,547
  • May 4, 2015 12:04pm May 4, 2015 12:04pm
Quoting The Fool
{quote} I bought a weekly SPY $211.5/$211.00 put vertical for $0.17 a little while ago
Could be nice... Better to do the ones closer to the price... PA is boring, but it has to go somewhere, the rest of the week is filled with news... JY on Wednesday, ADP... NFP on Friday and so on...

There is ES futures options equivalent and yours spreads... Check the low/high for futures options spreads... 1.70/1.75... the same 1/3 of the spread.
Attached Image (click to enlarge)
Click to Enlarge Name: ES-SPY-May8-bear-put-spreads.PNG Size: 29 KB
Hope is dangerous in this game.
  • #8,548
  • May 4, 2015 12:19pm May 4, 2015 12:19pm
Quoting StrayDog
{quote} Could be nice... Better to the ones closer to the price... but it has to go somewhere, the rest of the week is filled with news... JY on Wednesday, ADP... NFP on Friday and so on...
yah, I am basically doubling down short the spoos, but I can't do those futures options in my IRA's.

If you can't find a trade, you should practice your accordion (mandolin, or whatever) ...when I used to daytrade fx, I would sit in front of the monitors and play the guitar for hours & hours. I got really good. My Croatian friends from Seattle have a band and they come down and play traditional music at the Blessing of the Fleet in Gig Harbor the first weekend of June....all the old fishing families in Gig Harbor are Croatians...small world, huh?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,549
  • May 4, 2015 1:41pm May 4, 2015 1:41pm
SnP action looking very bull flaggy to me, I live in fear of bullish breakouts, we could see it squirt to $213+ in no time....I have to hope for a good NFP....but no guarantee that would put a lid on it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,550
  • May 4, 2015 2:39pm May 4, 2015 2:39pm
TLT breakdown has been nice, but I got none of it. SnP up, ^VIX up, another crazy day in the fun house. I am m/l out of ideas....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,551
  • May 4, 2015 2:55pm May 4, 2015 2:55pm
I will try a lil' bullish play for DIS ER's...

I bought a Mar8/Mar15 114 call calendar for $0.22

Attached Image (click to enlarge)
Click to Enlarge Name: DIS-call-calendar.png Size: 367 KB
Hope is dangerous in this game.
  • #8,552
  • May 4, 2015 3:28pm May 4, 2015 3:28pm
Quoting The Fool
SnP up, ^VIX up, another crazy day in the fun house....
sure, SPY up 0.3%, ^VIX up 1.3%, perfectly logical...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,553
  • May 4, 2015 4:02pm May 4, 2015 4:02pm
Seriously?

http://finance.yahoo.com/news/greece...200022838.html
"If Greece left the euro zone, the "Anglo-Saxon world" would try everything to break up the single currency area, he added."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,554
  • May 4, 2015 4:19pm May 4, 2015 4:19pm
Any day now....voila, another Festivus miracle! The glorious future of a unified Europa is preserved! We have built a bigger catapult for the lofting of the banknotes into Greece.....

http://www.bbc.com/news/world-europe-32580919

"When elephants fight, it is the frogs that suffer," says 42-year-old sales assistant Niki Volioti, quoting a Greek proverb,
"I guess I am just tired of being the frog."
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,555
  • May 5, 2015 7:07am May 5, 2015 7:07am
/CL $60 giving up easy, see if it holds, I am shopping June long call calendars, USO $24 in reach, diagonals beyond that if I could free up some margin...

Jun1/Jun2 $23 calls...31 dte for /CL to finish a little north of $65...5c debit
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-05_uso.png Size: 34 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,556
  • May 5, 2015 7:32am May 5, 2015 7:32am
I demand a sell-off. SPY Jun $206/$205 puts debits $0.23, maxP $0.75
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-05-05_spy.png Size: 34 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,557
  • May 5, 2015 8:18am May 5, 2015 8:18am
Quoting StrayDog
I will try a lil' bullish play for DIS ER's... I bought a Mar8/Mar15 114 call calendar for $0.22
lookin good if it will pin there on $114 and hold til Friday morning....good luck
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,558
  • May 5, 2015 10:55am May 5, 2015 10:55am
Quoting The Fool
{quote} lookin good if it will pin there on $114 and hold til Friday morning....good luck
Yes, I had to work other things... So I missed the price at open... closed the mofo for $0.38, just experimenting with it. I had only once calendars as ER's plays, it was 2-3 cycles ago, a DC on TWTR... put calendars are the ones to go...
Hope is dangerous in this game.
  • #8,559
  • May 5, 2015 11:54am May 5, 2015 11:54am
Quoting The Fool
{quote} I bought a weekly SPY $211.5/$211.00 put vertical for $0.17 a little while ago
looking good but I need SPY to stay down under $210 til Thursday to milk the best gain. Fat chance, when has the SnP ever fallen two days in a row?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,560
  • May 5, 2015 1:03pm May 5, 2015 1:03pm
Quoting The Fool
{quote} looking good but I need SPY to stay down under $210 til Thursday to milk the best gain. Fat chance, when has the SnP ever fallen two days in a row?
Maybe we can witness a miracle?
Well, /ES is practically in a range... It could not break out, so it is going down, I hope to (at least) test the lows of the range, i.e. 2071 or so...
This level where the price is NOW is a mofo... 2088.

DAX has a terrible looking fat red candle for today...

On the other hand, there is ADP and JY tomorrow, but if they don't come out with some nice tricks, we are going down.
Hope is dangerous in this game.
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