Cosmic's MarketPlace Wrap - 12/6/2010

[cosmic]

Looks like a consolidation day. My watchlists are mixed green and red, although seems like more green. At least we didn't go up or I'd never hear the end from Clinton.

No new trades but thought about selling. I did not as I want to see tomorrows action given the SPY setup and Bros's FFR.

Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys.

[rockbo77om]

My Road to Opex PWER is now near dead last. I oughta win something if it ends up rockbo77om, no?

[Rich]

no trades, no conviction either way. How do you trade that?

Lake Erie has turned on the snow machine. Kids, snow, sleds.
What's not to like?

[jack]

Dec 6, 2010 16:51:25 GMT -5 rockbo77om said:

My Road to Opex PWER is now near dead last. I oughta win something if it ends up rockbo77om, no?

Don't worry about it:

Had my proposed substitute ACTC been accepted it'd be in 1st Place w/ a 30% gain on 60M volume today

[rockbo77om]

Dec 6, 2010 17:01:57 GMT -5 jack said:

Dec 6, 2010 16:51:25 GMT -5 rockbo77om said:

My Road to Opex PWER is now near dead last. I oughta win something if it ends up rockbo77om, no?

Don't worry about it:

Had my proposed substitute ACTC been accepted it'd be in 1st Place w/ a 30% gain on 60M volume today

Easy Jack... winning more than once is uncool ;D

[jack]

Dec 6, 2010 17:17:29 GMT -5 rockbo77om said:

Dec 6, 2010 17:01:57 GMT -5 jack said:

Don't worry about it:

Had my proposed substitute ACTC been accepted it'd be in 1st Place w/ a 30% gain on 60M volume today

Easy Jack... winning more than once is uncool ;D

Not interested in another coin

[brosin]

Real Life

FFR was bearish to .18% from .19% - this is 2 days in a row of a bearish reading, and definitely something to watch. Further deterioration is quick fashion would be an important sign imo.

My FAS was slightly red - I am looking at the $26.50/$27 area to potentially sell half if I can get it.

Monopoly World / real time entries tracked in blog

Big Cap - saw an active day but was down -.9% at the end of the day, with the account doing well other than my SLW short. Moves...

Buys:
MOS @ $69.15
GGB @ $12.84
DRYS @ $6.25
RIMM @ $63.15
GS @ $162.30
FCG @ $19

Sells:
All IRE @ $1.96 / +16.8%
All SOL @ $9.21 / +4.8%
1/5 of BAC @ $11.70 / +1.8%, now 4x long position unrealized +1.3%
1/4 of CHK @ $22.49 / +2.2%, now 3x long position unrealized +2.4%

Shorts:
Added SLW $40.33 & $40.88 / unrealized -5.4% avg $38.74 on 8x short position
S @ $4.12
IRE @ $2.14

Allocation now 53% long, 48% short, -1% cash small margin call overnight


Scalp Trades - no moves, +.7% on the day, holding LVS short unrealized -1.4%


Options Acct - fairly active way as I went from 100% cash to 50% cash at the close, acct -1.5% on the day

opened CSCO weekly $19 calls, avg .60 unrealized -17%
opened SPY weekly $122 puts, avg $1.51 unrealized +2%

Date Opened Contracts Buy Price Sell Price Total Cost
12/6/2010 CSCO weekly $19 calls 250 $0.57 $14250
12/6/2010 CSCO weekly $19 calls 250 $0.60 $15000
12/6/2010 CSCO weekly $19 calls 250 $0.59 $14750
12/6/2010 CSCO weekly $19 calls 250 $0.63 $15750
12/6/2010 SPY weekly $124 puts 100 $1.35 $13500
12/6/2010 SPY weekly $124 puts 100 $1.36 $13600
12/6/2010 SPY weekly $124 puts 100 $1.40 $14000
12/6/2010 SPY weekly $124 puts 100 $1.43 $14300
12/6/2010 SPY weekly $124 puts 100 $1.45 $14500
12/6/2010 SPY weekly $124 puts 100 $1.50 $15000
12/6/2010 SPY weekly $124 puts 100 $1.55 $15500
12/6/2010 SPY weekly $124 puts 100 $1.54 $15400
12/6/2010 SPY weekly $124 puts 100 $1.63 $16300
12/6/2010 SPY weekly $124 puts 100 $1.67 $16700
12/6/2010 SPY weekly $124 puts 100 $1.69 $16900
12/6/2010 SPY weekly $124 puts 100 $1.53 $15300


All in all, accounts were down -1.5% on the day

[exabi]

Bought some CLD, down a dime

[Rothschild]

IRE b-a-b-y! I am up another 17% today and I hope everyone @ fastopia has their tickets in hand because this rocketship is gonna explode much higher. I have free lunch and dinner invitations every day this week and next from everyone in my building (a couple of them are real hot ladies who want to thank me personally ;D) No other trades although I might play the bullish side but only on a one minute timeframe.

Hope everyone made a fortune today ;D All the best gang!

[papasloth]

On Nov. option expiry, I had some HGSI Nov 25 puts that I shorted for $3.10/share. I took assignment of those shares at an adjusted price of $21.90. Today, I wrote Apr 26 calls against that stock for $3.55/share. If HGSI closes at 26 or above on Apr expiry, my stock will be called away for a net profit of $7.65/share. If it closes under 26, I keep the $3.55 as a free gift.

My short LDK Dec. 10 and 12 puts are doing very well, as is my SVNT covered strangle (long the stock, short the Dec 11 and 12 puts, short the Dec 15 call).

I am still dead last in Road to Opex, though Demanuel was in the "lead" for a good part of today. I have OREX which will be halted tomorrow, and then we'll see what's left after the dust clears on Wednesday.

[demanuel2001]

slow day - was on a plane to vegas for most of it. Legged some LVS option. Watched some time decay roll in - overall a big yawner but slightly up.

[popistoc]

Made 80 bucks on NFLX 175 weekle

[actuarynomore]

No sales but did buy another 500 FAS @24.10 and based on AM, looks like a great opp for a possible scalp tomorrow if things don't change dramatically - Was able to grab more of my ztho spec at .60 and .65 - Looked at MVIS but it seems it's trading in a downward (weekly chart) channel that might see it top at $2 and fall to $1 - I willing to wait to buy back what I sold last week at $2.05.

[benvestor]

woohoo got out of my IRE calls with a small profit i think.. will prob jump back in but just wanted to make sure i wasnt stuck if they want to peg it to around 2 bucks

If it breaks out of this level here real soon i will get back in