Cosmic's MarketPlace Wrap - 2/1/2010

[cosmic]

A vigorous day to say the least! Apparently the news is 'All Clear' Whew thank goodness for that.

I picked up some LVS at 48.05 today and sold the Feb 4 $50 for .92 against them. Got a little run over at EOD but hard to mess up on this trade. Worst case is LVS drops to 46's. Theta on these is -.26

Watched my FAS diagonal spread go bonkers, it's fun to watch the bots game the decay. Just sitting on it, fully hedged position.

No other trades.

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

[demanuel2001]

Well - I've had better days. But not many. Pretty much everything was up today - except for my madatory dog MNKD. Sold off my MEE shares that I bought yesterday for something over a buck gain. Had sold out a couple of batches of LVS shares as they moved inexorably upwards. Replaced my short weekly $47 and $49 puts with short weekly $48 and $50 puts - and take out some monster legging gains in the process. Purchased some Feb $52.50 calls - this goes against the grain for me - but my delta starts to evaporate on the short puts as we move upwards fast. All in all a very nice day. When FJPNX comes in I expect the portfolio to be up around 3.75% for the day and 7.5%YTD. I want to see where MPEL's earnings come in at tonight - that stock did nothing today and that is a puzzle - for a Macao pure play it needs to show me some earnings somewhere or I'll start to think someone is skimming.

[timber]

another really great day for me........sold my ford and infn and watched my short vxx faz and tza bring home the bacon.........i didnt even work at it like i normaly do

[Rich]

What a day!

How do you follow that?

All I know is I sold too soon, I coulda made a lot more money.

But I'm happy. It was a fun day.

Fastopia is SWIMMING IN DOUGH ;D ;D ;D

Maybe we should allocate for a new gazebo in the town square....

[demanuel2001]

Feb 1, 2011 16:30:38 GMT -5 Rich said:

Maybe we should allocate for a new gazebo in the town square....

My wife is on at me to fix the gazebo in our back yard - it's a biggie with antique glass and a fan that needs fixing and a new roof. Maybe I'll fix it and dedicate it to Fastopia - anyone for mint juleps on the gazebo?

[tajmahal9898]

What a day it could have been... it's all about timing... i had my eyes on long VXX puts and CHGS shares.. would have been up handsomely. but that was not to be..

I am still tied up with my MU trade.. call it being silly.. accumulated more paper loss which stands at more than 45K right now.. I would have liked to cover some but today opportunity didn't present itself.. still dragging along..

GOAL: to come clean out of MU mess by Tue 02/08.

[benvestor]

bought Some AMD 7 calls yesterday at .87.. holding through till 1.50 ish hopefully tomorrow. Soon tho it just got a bad ass upgrade to 15 and it cant be held down forever at these levels.. anyhow swing trade status on that one now

Almost bought 30 AMD 8 calls yesterday at .15- now those are .45.. duhhhh

holding SPY 126 puts.. getting smashed, stop was not set like i thought.. I we will test 1280ish again soon i think so ill dump them then or fri/mon..

still trying to get unpacked and find my groove in class and trading etc

gl guys

[kryptos2009]

Sold 300 FAS @ 31.65 (+7% / $625)

Bought the dip last week, 29.48 approx, sold today

[exabi]

8.5 % realized gain on PCX from 1/27...could have been about 12%, but I sold $1 early. AA APR16 calls nicely in the green (paper)..26%. Overall, portfolio up about 3.5% on paper, about 2% realized. About 85% cash now.

[brosin]

FFR was level at .17%

FAZ back to being quite red

monopoly world
Big Cap - 2 days after my best day, today was the worst day since 9/7/10 inception, down -$193K / -8.5%

As 100% short allocation, strong market up move put me severely negative in the buying power category, so I had to go on a bit of damage control; holding some pretty big losses now

Buys:
(to cover all) S @ $4.48 / breakeven 0%
(to cover all) NFLX @ $213, $213.15, $213.30 / -1.8%

I remain 100% short with what became another margin call late in the day

scalp trades - no moves, acct -7.6%

all in all, accounts were down -7.8%

[benvestor]

Brosin why not scalp some options?

[brosin]

i'm guessing you mean the big cap acct ben? or real life?

monopoly world options acct died at january opex - mostly every one of the big cap acct positions have been built into since mid december, so I can't exactly easily exit them with the volume of shares i'd have to "dump"... nor do i want to - today didn't sway me from thinking the market is set to tank soon.

all the signs that i look at are there - maybe everything i've watched and used successfully for the past few years has been a coincidence until now and it's all a bunch of BS... but this is always how it looks and feels (for me personally) just before the turn: i'm starting to have to question my assessment. so we'll see - i'll give it a few more days

[brosin]

i should also mention that it's not that i didn't think today might be up - first of the month and PH's chart..

i almost bought SLW or GOLD at the close yest but didn't have the buying power. wouldn't have mattered much anyways, which is true

[seatoo]

Sold RNN at 1.42 for +6% Sold BHH at 1.06 for +10% On such an up day they didn't seem to have much spunk in them.

Better to use the proceeds in energy or uranium. Carl Futia has been calling for $50 oil for some time. He's looks wrong here. It would need a disaster to bring it down that far.

[kbk3ck]

Sold my 95 shares of TNA bought at 72.55 for $75.82 after holding most of the day. Made good $$$ on that one. Still holding 110 shares of SOXL from $63.18, 220 shares of QPSA from $13.65 and 130 shares of TYH from $52.65 overnight.

[benvestor]

ah Bros, I didnt know u killed the monopoly options acct. Thats what i was referring to