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  • #14,801
  • Feb 28, 2017 11:55pm Feb 28, 2017 11:55pm
Quoting The Fool
{quote}Trump pulled off a pretty good Presidential show, shiny futures down >$10, no reason we can't see more bull equities, maybe even a hot 1% day or 3, in which case the diagonal SPX calls I filled today might be too near (low) - but we'll see....

Warmongering at its finest. I guess I shouldn't be surprised the Donald is fulfilling an authoritarian agenda. All that talk about auditing the fed in his campaign, not one mention since he swore in. Massive govt spending on the docket and tax cuts with empty coffers, just print more and more and more.

Oh well, this is why I'm on the most remote island chain in the world living almost completely off grid with a fully sustainable farm out back.

Bullish on equities till DOW hits 40k and the S&p hits 4k. Reminds me a lot of Japan in the 80's when the Nikkei hit 38k in 1989.....
  • #14,802
  • Mar 1, 2017 12:50am Mar 1, 2017 12:50am
really now it's up to the eurozone gremlins to throw a wrench in the works, Dutch elections in a fortnight guvnah....I would just like to see the shit move with some conviction for a change...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,803
  • Mar 1, 2017 10:43am Mar 1, 2017 10:43am
Quoting The Fool
.....maybe even a hot 1% day or 3, in which case the diagonal SPX calls I filled today might be too near (low) - but we'll see....
....trying to find my face.....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,804
  • Mar 1, 2017 12:54pm Mar 1, 2017 12:54pm
Quoting The Fool
{quote}....trying to find my face.....

Ya all my short positions in equities got slammed and closed out.

guess there is no choice but to stay full steam ahead on the trump train

Vampire squid breakout positions are pretty much making my life palatable.
  • #14,805
  • Mar 2, 2017 11:01am Mar 2, 2017 11:01am
So I may have overdone it on my gold bear position. I'm short the futures contracts from 1254(and I bought some put options on the futures contracts there too. Plus I bought a grip of Sep GLD 120 puts for 5.30

I'm up but not moving my stops until we take out the recent weekly lows. I hate this part of trading where I still cant lock in my profits.

CL futures are in the same boat. Shorted at 54.28 and I'm letting that turd float to the bottom of the toilet.


Stalking MCHP to put some put spreads on. went short EWT the other day too. thinking its time a lot of the emerging markets start to get bulldozed by the trump train. I could be a little early though. was hoping to see EEM hit 40
  • #14,806
  • Mar 2, 2017 11:27am Mar 2, 2017 11:27am
yeah gold not looking too shiny, I need GLD to pin $120 for Mar expiry. Otherwise I am looking for more volatility in weeks/months ahead. DJT gave a good speech, but so what? Really it's gonna start coming down to what he delivers. He can't use Exec Orders to rewrite the tax code or throw out a bazillion dollars worth of infrastructure Scooby snacks.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,807
  • Mar 2, 2017 11:50am Mar 2, 2017 11:50am
Quoting The Fool
yeah gold not looking too shiny, I need GLD to pin $120 for Mar expiry. Otherwise I am looking for more volatility in weeks/months ahead. DJT gave a good speech, but so what? Really it's gonna start coming down to what he delivers. He can't use Exec Orders to rewrite the tax code or throw out a bazillion dollars worth of infrastructure Scooby snacks.

I figured it would get to a chance where the rhetoric got old. I can see equities continue to pile higher but commodities should continue to deflate. Odd world we live in. Historically in a rising rate environment metals are bullish due to inflationary hedge. doesn't seem to be happening this time around though
  • #14,808
  • Mar 2, 2017 11:54am Mar 2, 2017 11:54am
I had thought threats of the EMU imploding would be anti-fiat and help shiny, but if that means strong USD, then maybe not. Rock/hard place = potential for a good move one way or the other I guess...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,809
  • Mar 2, 2017 12:02pm Mar 2, 2017 12:02pm
Quoting The Fool
I had thought threats of the EMU imploding would be anti-fiat and help shiny, but if that means strong USD, then maybe not. Rock/hard place = potential for a good move one way or the other I guess...

Rationally what you are saying makes a ton of sense. And it still might after we crush all the longs. I just look at the Austrian econ cycles and it seems like we are moving into a massive commodity deflationary cycle for awhile. trying to call the tops on oil and gold like an idiot. Maybe Ill be the hero who called the highs?

Did you see silvers move at the London close? holy crap. My safe full of silver bullion just took a huge hit.
  • #14,810
  • Mar 2, 2017 12:45pm Mar 2, 2017 12:45pm
Quoting Wulfgar
Did you see silvers move at the London close? holy crap. My safe full of silver bullion just took a huge hit.
hang on to that, you will need it when the werewolves get to the islands. Did you buy some SpamChamp? That shit'll prolly do a Tesla.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,811
  • Mar 2, 2017 1:02pm Mar 2, 2017 1:02pm
Quoting The Fool
{quote}hang on to that, you will need it when the werewolves get to the islands. Did you buy some SpamChamp? That shit'll prolly do a Tesla.

Literally I'm in the process of melting it into bullets. These markets are getting retarded. TSLA, PANW, TGT, etc... looks like the dull past 3 years may be coming to a close.

Took a punt at TLT... bought some stock at 118.70... working on some type of call spread to drive us back up to 126... ill close it if we get under 117.50

my positions are all over the place... something has to eventually make a move and pay me.
  • #14,812
  • Mar 2, 2017 1:34pm Mar 2, 2017 1:34pm
Quoting Wulfgar
my positions are all over the place... something has to eventually make a move and pay me.
that is my shotgun approach, too. Gotta get some meat somewhere, not trying to be elegant about it. Maybe the next binary enema will be JY not delivering the sure thing ffr hike on 3/15?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,813
  • Mar 2, 2017 4:19pm Mar 2, 2017 4:19pm
Quoting The Fool
{quote}that is my shotgun approach, too. Gotta get some meat somewhere, not trying to be elegant about it. Maybe the next binary enema will be JY not delivering the sure thing ffr hike on 3/15?
Ya if she bails on that my bond trade will make my year.
frankly I'm just taking any and all high R:R setups. literally no directional bias.

just 1 or 2 20+:1 trades and I'm set for 6 months. my monthly nut out here is tiny. I don't pay taxes because i have so many back years of trading losses before I became profitable.

All. This. Winning.
  • #14,814
  • Mar 2, 2017 4:33pm Mar 2, 2017 4:33pm
I thought the Don's speech this week was gonna be a binary mover, & it was, but I got nothing to show for it. So now maybe I get another chance at FOMC week. Wednesday's big move was as much about the Fed Heads yakking as it was about DJT..... the funds futures move prolly broke a record. I will be shopping for that good r:r stuff, too. Maybe the presumed pop for equities off a March hike is pretty well baked in after yesterday, even though a little chunk fell back today. I will see what tomorrow brings,...or Monday...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,815
  • Edited 11:44pm Mar 2, 2017 11:28pm | Edited 11:44pm
Wulfgar, you like kitties, doncha? I call these double calendars kitties cuz the p/l looks like a kitty. Note if you mind them a day or so before expiry the loss dip in the middle pulls up......depending on too many factors to mention, you might set them up to be risk free across a wide range, as shown on 3/16, like SPY $225 to $242.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-02_2120SPY1.png Size: 65 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,816
  • Mar 2, 2017 11:43pm Mar 2, 2017 11:43pm
If you think your long options have a chance and the shorts expire worthless, the sky's the limit............Shit, 1000 emojis and no rocketship. Anyway, these are fishing in that Mar FOMC week
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-02_2122SPY2.png Size: 37 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,817
  • Mar 3, 2017 1:04am Mar 3, 2017 1:04am
I can stop any time I want....
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-03-02_2303uvxy.png Size: 59 KB
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,818
  • Mar 3, 2017 10:13am Mar 3, 2017 10:13am
Quoting The Fool
Wulfgar, you like kitties, doncha? I call these double calendars kitties cuz the p/l looks like a kitty. Note if you mind them a day or so before expiry the loss dip in the middle pulls up......depending on too many factors to mention, you might set them up to be risk free across a wide range, as shown on 3/16, like SPY $225 to $242. {image}

Dude I love kitties. I am currently kittyless now though. My old man died in 2013 at 21 and my old girl died last year at 17.
I may have to get new kitties. are those DDs expensive commission-wise?
  • #14,819
  • Mar 3, 2017 10:15am Mar 3, 2017 10:15am
Quoting The Fool
If you think your long options have a chance and the shorts expire worthless, the sky's the limit............Shit, 1000 emojis and no rocketship. Anyway, these are fishing in that Mar FOMC week {image}

I use Vega bombs to play those potential huge moves on the indices. I'll post one up when I get back. at the baynow doin some AM ocean kayaking.

dont really expect a whole lot until yellen starts her squealing later.
  • #14,820
  • Mar 3, 2017 11:31am Mar 3, 2017 11:31am
Quoting Wulfgar
{quote} Dude I love kitties. I am currently kittyless now though. My old man died in 2013 at 21 and my old girl died last year at 17. I may have to get new kitties. are those DDs expensive commission-wise?
yeah a 10-lot there will be $15 in., depending on your broker...... Tastyworks doesn't charge for closing orders and that really helps on the spreads.

I filled the Kitty above for 20c except puts @ $231...
"If The Fool persists in his Folly he will become wise." - William Blake
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