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  • #13,421
  • Jun 16, 2016 12:32am Jun 16, 2016 12:32am
that fly looked cheap overnight but it was over 3x that the next day....it's ok, I usually like filling wider flys than that anyway
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,422
  • Edited 1:59am Jun 16, 2016 1:38am | Edited 1:59am
Are you bullish UVXY for the next week, at least? The $13/$11 bull puts for Jun 24 gets $0.75 (check tomorrow)...and the $13 puts have -0.10 theta (net -5c theta on the spread)....you can prolly get to $0.50 net out by next Tuesday....lookin like a big gap up Thursday, though, will need to reassess...
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,423
  • Jun 16, 2016 1:54am Jun 16, 2016 1:54am
lookit my EFA kitty - isn't he terrific? I am not averse to getting paid quick, big inflow of vol Thursday means everything has to be reassessed
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,424
  • Jun 16, 2016 2:05am Jun 16, 2016 2:05am
Quoting The Fool
Are you bullish UVXY for the next week, at least? The $13/$11 bull puts for Jun 24 gets $0.75 (check tomorrow)...and the $13 puts have -0.10 theta (net -5c theta on the spread)....you can prolly get to $0.50 net out by next Tuesday....lookin like a big gap up Thursday, though, will need to reassess... {image}

Yes bullish up to the run up to Brexit. Then will decide which way to go.
  • #13,425
  • Jun 16, 2016 4:09am Jun 16, 2016 4:09am
Quoting peterdrill
{quote} Yes bullish up to the run up to Brexit. Then will decide which way to go.
Still early but a good start of the day.......................
  • #13,426
  • Jun 16, 2016 6:48am Jun 16, 2016 6:48am
Quoting The Fool
lookit my EFA kitty - isn't he terrific? I am not averse to getting paid quick, big inflow of vol Thursday means everything has to be reassessed {image} {image}
That could be a really good play ... . Move is likely to be oversized to either side ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #13,427
  • Jun 16, 2016 8:19am Jun 16, 2016 8:19am
Quoting ZebraSquirl
{quote} That could be a really good play ... . Move is likely to be oversized to either side ... .
Ima put something on it. Some good days coming for long vol, trades planned and put on months and weeks ago about to bear da sweet juicy froot. Nursed some a this shit through an epic volatility rout, going into debt to roll it down down down, but never gave up on it. Now just please pay me. I have UVXY Jun 17 call verts looking good, $14.50/$15, $16/$16.50, $16.50/$17 the first one could go full banana, but I may take it off today for 0.8MaxP. For Jul 01, I have $13.50/$16, to pay >$200/contract next week, just need to ride it out. Patience is the word, let the market come to me....
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,428
  • Jun 16, 2016 8:24am Jun 16, 2016 8:24am
Quoting The Fool
{quote}Ima put something on it. Some good days coming for long vol, trades planned and put on months and weeks ago about to bear da sweet juicy froot. Nursed some a this shit through an epic volatility rout, going into debt to roll it down down down, but never gave up on it. Now just please pay me. I have UVXY Jun 17 call verts looking good, $14.50/$15, $16/$16.50, $16.50/$17 the first one could go full banana, but I may take it off today for 0.8MaxP. For Jul 01, I have $13.50/$16, to pay >$200/contract next week, just need to ride it out. Patience...

Big buyers on Level 2 for UVXY. I anticipate a pop of somesort. If you build it they will come
  • #13,429
  • Jun 16, 2016 8:50am Jun 16, 2016 8:50am
Quoting peterdrill
Big buyers on Level 2 for UVXY. I anticipate a pop of somesort. If you build it they will come
it will do >25% per day no problem in a panicky selloff
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,430
  • Jun 16, 2016 9:00am Jun 16, 2016 9:00am
Quoting The Fool
{quote}it will do >25% per day no problem in a panicky selloff
Made my 4 banger and out now. Thinking puts on UVXY. The panic may not last.
  • #13,431
  • Jun 16, 2016 9:01am Jun 16, 2016 9:01am
Quoting The Fool
I have UVXY Jun 17 call verts looking good, $14.50/$15, $16/$16.50, $16.50/$17 the first one could go full banana, but I may take it off today for 0.8MaxP.
low hanging fruit coming off....accounts showing a paper double in the last week....not done yet....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,432
  • Jun 16, 2016 9:02am Jun 16, 2016 9:02am
[quote=peterdrill;8983523]{quote} Made my 4 banger and out now. Thinking puts on UVXY. The panic may not last.[/qu

Level 2 shows more upward movement for this stock. I'm on the sidelines for now.
  • #13,433
  • Jun 16, 2016 9:16am Jun 16, 2016 9:16am
yes I'm just managing out of trades where that is warranted....things change fast and I don't want to let nice profits slip away on trades that just have short time. For the VXX $18.5 calls, Jun 24/Jul01, a 30 lot lets me run it into next week to see if maybe I can leave some longs on, but maybe more likely VXX will hit $18.5 and I will have to take some/all off when it does...it went on for 10c
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,434
  • Jun 16, 2016 10:22am Jun 16, 2016 10:22am
Quoting The Fool
{quote}Some good days coming for long vol, trades planned and put on months and weeks ago about to bear da sweet juicy froot. Now just please pay me. Patience is the word, let the market come to me....
Great to see such conviction, here's to a great summer
  • #13,435
  • Jun 16, 2016 1:06pm Jun 16, 2016 1:06pm
Quoting uksnowman
Great to see such conviction, here's to a great summer
thanks, mate. What say you re: the Brexit vote result?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,436
  • Jun 16, 2016 1:08pm Jun 16, 2016 1:08pm
the ^VIX is pumping, need to get that pump action working. Oh ah, a place to stay, getcha booty on the floor tonight, make my day.
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,437
  • Jun 16, 2016 2:10pm Jun 16, 2016 2:10pm
Quoting The Fool
lookit my EFA kitty - isn't he terrific? I am not averse to getting paid quick, big inflow of vol Thursday means everything has to be reassessed
I filled the Jul 01/Jul 15 $58 call calendar near the open - 12c, looking at the puts now
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,438
  • Jun 16, 2016 2:48pm Jun 16, 2016 2:48pm
Quoting The Fool
Patience is the word, let the market come to me....
bitch market needs a foot up its ass, sure today was a perfect day for the illuminati to show who really owns shit, ...where is my tinfoil hat?
Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,439
  • Jun 16, 2016 5:18pm Jun 16, 2016 5:18pm
Quoting The Fool
{quote}I filled the Jul 01/Jul 15 $58 call calendar near the open - 12c, looking at the puts now
Shopping around for puts myself.
  • #13,440
  • Jun 16, 2016 5:34pm Jun 16, 2016 5:34pm
I always thought the Brexit vote would be close - murder of Jo Cox by crazy Brexit advocate will backlash, probably kill the referendum's chances. If equities rally tomorrow, I will have some hard choices to make....
"If The Fool persists in his Folly he will become wise." - William Blake
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