BOUGHT OCNF @ 1.03 (Currently at 0.98)…
I’m working on some charting over lunch. Wanna see my tea leaves?
Help me help you Skinnee.
if you can buy and sell options, you can write 'em…its just entered as a sell…
tell ya what, list a couple of tickers you own, say at least 500-1k common shares of…I may have some time this afternoon, I’ll show you something…
bought s today @ 3.21
Today’s ES pivots:
Note that ES is at several points discount to SPX value.
R2: 1075
R1: 1068
Neutral: 1062.50 – was resistance all night, including the Europe open.
S1: 1055 – Acting as resistance right now. If we get decisively above, look for range trading all day except for into the close.
S2: 1050 – Waiting for a nice rare steak.
FWIW I scalped some SRS for ~.40 or so yesterday, bought dec puts on DTG, and bought a lottery ticket (vertical) spread on RIMM…the RIMM chart got some technical damage yesterday with the break below support in the $65 area.
some more s today at 3.15
Sitting @ +40% on DTG and a double on RIMM spread.
SPX has lost the support line from the March low but still inside (@ the bottom) of the channel that started back in August. Below that we’ve got strong support around 1040…like I said before, watch the dollar…any strength in the dollar (or Euro weakness) sets off short covering, as everybody and their brother is short the dollar right now…and you know what that will lead to…
Getting bloody out there…
Just set a new daily low on the $TICK…my new tick algo has us way oversold…REIT seems to be lagging the selloff but that may have just changed…RIMM is broken. Slow death…my put spread is now @ +3x
You should start a topic explaining the option spreads in english.
FWIW, the little pop in the market (SPX) this morning stopped right at the bottom of the channel we started back in august. The bottom of the channel was also right around the 50% fib retrace from thursdays highs. I’d says that is fairly bearish if the market can’t break above the 1051 level.
In other news, those RIMM vertical put spreads I opened at $22/per are now…gone as I typed this…put in a trail and looked like I got hit by the ol stop sweepers…lol…sold @ $134…they’re @ 155 now…6 bagger ain’t bad. That was a high risk vs. reward type of trade, max loss was $22, max profit was $465…
BOT SPY VERTICAL SPY 100 DEC 09 100/90 PUT @ 1.83 ISE
R/R $183/$805 per spread
Took profits on three mutual funds yesterday:
FDVLX, FLATX, FLPSX
Bought 2500 shares LNG at 2.15 for longer term
A little observation yall may be interested in.
The VIX has made some very good buy (long) signals this year. If you plot the VIX on the 12 mo. chart and turn on the bollinger bands, you’ll see that every time the VIX closes above/outside the upper BB, the next day has been a red candle back inside the BB…even if you wait for that next day candle to confirm, its been a pretty solid signal, especially since august…
Sold 800 shares of DUK @16.31
BUY AFAM - $36.20
Might be time to dump my last 1,000 shares of MCK.
I won’t suggest that you do anything, but it’s definitely not a company that I would buy. Price is near an all time high, slow growth, high P/E multiple, growth through aquisition of business, possible changes in the healthcare market, and 0.79% net profit margin, lower than 20% ROE, etc…
That being said, the stock has gone up 100% in the last year versus 40% for the S&P, so it has been outperforming the market as of late. There is definitely some momentum behind it which suggest that maybe people believe that they will benefit from Obamacare. Who knows? The only question is how long this will last.
Yesterday BOUGHT TRMD @ 10.86
Today ADDED\BOUGHT CMED @ 12.79
BOUGHT MGS @ 1.92
SOLD AB 26.47 (net zero gain\loss). Decided that there were other stocks that I like better and free’ing up some cash in case a decline is coming soon.
this weeks roundup
sold cytr@ 1.06 lost my fees
sold bac @16-09 lost 6% on this one
bought ipi @30.00
still holding s