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Post by cosmic on Oct 4, 2010 15:50:22 GMT -5
I caught some of the action today but not the close - when I last looked the Dow was still down around 90 points. Looks like we hit a support fib and bounced a bit back.  In the past, the setup has been that if the next day does not show strength on the buying side, the algos will generally sell below the fib and see what happens - and will sell down another fib on weakness. I have those around 1123 and 1132, so that's the areas I'm watching.  No trades today.  Hope everyone made some money and will do so tomorrow. Regulars, please post your results along with your RDA of smileys!  |
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Post by demanuel2001 on Oct 4, 2010 15:55:51 GMT -5
Well somehow I managed to trade myself into a hole today. My scalping of LVS ended up costing me close to $4k - part of that is stupidity and part of it is because I have a lot of negative gamma on my options. Wrote a few more October options. Overall a small up day BEFORE figuring in my mutual funds. They still haven't reported but I'm figuring net net I'm down $10k on the day.
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Post by tajmahal9898 on Oct 4, 2010 15:57:23 GMT -5
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Post by exabi on Oct 4, 2010 17:43:42 GMT -5
Sold LVS OCT 35 Calls for 21% profit, a little early, but also a small position. 1 week hold, and the premium decay was becoming worrisome. HTS and CIM portfolio positions back to green and some (excluding divvys) after both went ex last week.
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Post by brosin on Oct 4, 2010 18:49:08 GMT -5
That flash crash in CENX is both fascinating and worrisome at the same time.
Taj, GL I hope you come out ahead with that one. Let us know how it goes.
FFR moved bullishly today - I would think it would turn back down tomorrow if today's move had substance behind it.
My FAS was down. My RIG otm calls still retaining value somehow. Perplexing.
...
Big Cap Acct down 1.6%, remains 75% invested
Scalp Trading down 5% on the day, holding unrealized losses in BIDU -2.7% and FAS -.7%.
Options Acct down 19.8%, still holding SPY Oct $116 calls
All in all, accounts down 2.6% on the day
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Post by tajmahal9898 on Oct 4, 2010 19:16:01 GMT -5
thanks Bro.. I will keep everyone posted.. it was depressing to see 6 figure loss on the books.
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