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Post by cosmic on Feb 18, 2010 16:08:57 GMT -5
Great day for URE of which I have "loaded the boats." I sold calls on it as protection last night at the close so got a little bruised from them today. They are locking in profit, but still, moved quite nicely. (Mar 6's). I will most likely short some FAZ puts tomorrow either the 18's or 17's depending on how long I'll hold. This is hedged against a FAZ short position. Gives me flexibility to collect the premiums trading the puts, with little risk. This has been a great conservative trade for a while for me. Didn't really fiddle with anything else today. Bros is making me look at UNG, and I thought about some LVS but I think that's for tomorrow or early next week after the "Vegas Bad News" hit pieces stop for a while. They probably had articles written for either earnings outcome, so I'm skeptical of the current price action. I will note that LVS traded 52M shares today. Hope everyone made some money today and will do so tomorrow. Regulars, please post your results and smack around some smileys. (Final RIFIN and Bonds for today)   |
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Post by brosin on Feb 18, 2010 16:18:29 GMT -5
Can you adjust those charts to make them bigger? Thanks dude.
Down a couple % today and made a couple bonehead moves dealing with how much Avail Funds I thought I had compared to how much I really had (thanks for your great software Scotturd! NOT).
Sold my SQNM @ $5.27 and $5.25 to buy more LVS (grabbed a few shares yesterday at $16.70) but couldn't do it due to my EDC buy in PM @ $109. The EDC worked out well at least.
Into tomorrow with APWR/EDC/LVS/MSBT. I believe this was the first close for the market above the 50 DMA in 2010, so that's good. Can't really see a huge up day despite that, but I definitely won't be bearish here.
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Post by cosmic on Feb 18, 2010 16:21:58 GMT -5
Can you adjust those charts to make them bigger? Thanks dude. Yer clicker thingy not workin? (just cleeeeeeeek) |
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Post by brosin on Feb 18, 2010 16:26:44 GMT -5
Can you adjust those charts to make them bigger? Thanks dude. Yer clicker thingy not workin? (just cleeeeeeeek) You mean you expect me to push my finger down softly on the left button of my mouse? Geeeeeeeeeez. Can you make it any more difficult? |
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Post by cosmic on Feb 18, 2010 16:34:19 GMT -5
Ok, so apparently a news blast came out they're raising rates to .75% - thanks to Dual for this via IM. Look at URE now.  I am glad I held those covered calls. Juicy. |
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Post by triggerhappy on Feb 18, 2010 16:35:52 GMT -5
Cosmic, you guys are awesome to be able to make money at options. This statement makes my head hurt "I will most likely short some FAZ puts tomorrow either the 18's or 17's depending on how long I'll hold. This is hedged against a FAZ short position". Isn't that a double negative? ;-)
Any chance you could actually spell that all out as a timeline of trades? Sorry for being dense. Do you play options to conserve cash? I can't get the market right when it is right in front of me, never mind guessing what it will do in some future time-frame. Cudos!
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Post by trading4dough on Feb 18, 2010 16:36:18 GMT -5
SOLD
tna 10k +18.4% (all) +$67.2k
fas 4k +12.3% (all) + $32.1k
imgg 90k +21.9% (half)+$13.1k
Covered
drv short 12k +20.6% (all) +$38.6k
Closed out 70% of Feb OPEX -42% lost $24k
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Post by maxi on Feb 18, 2010 16:36:54 GMT -5
See Now I am glad I am in cash.  |
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Post by sloop on Feb 18, 2010 16:38:56 GMT -5
I sold my HPQ I know it will run up from here but I was really hoping for a 2 point pop . (didn't happen) so I sold for a small gain and bought LVS three times today . was going to hold some then decided to clean my soul and go all cash for a few days..lol lets see how I do.
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Post by clemsontygr on Feb 18, 2010 16:39:29 GMT -5
Closed out my TNA trade.
YTD +19%
Going to step aside from trading for a while.
That airplane today, kinda hit home.
How many more American people will die before this country finally wakes up ?
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Post by Dualism on Feb 18, 2010 16:41:43 GMT -5
Bulls running too fast ups the chances of a mass trample.
The VIX pivoted in gapping fashion about 21.08. Going forward that level is overhead resistance and a back test of it is likely.
The T-bond futures did a freefall towards 116 and closed slightly above it.
The combined breadth for all the US exchanges ended higher 1.67 to 1 ratio.
Closed out, partial, FAZ Feb 20 calls for .04
Added aggressively to Mar 20 calls for 1.09, and Mar 19 calls for 1.38
Closed out, in partial, FAS Feb 74 calls for .17
Traded PCLN for a gain of .97
With VIX down 5% today, my trading account fell up a nice 4.3% on the day.
All indications point to a short-term overbought technical condition. I expect a pull back within the next 2 trading sessions. Also, I expect more erratic action on Friday.
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Post by brosin on Feb 18, 2010 16:46:00 GMT -5
See Now I am glad I am in cash. Yes Maxi, this is going to be the perfect pullback to jump in on! Don't think that was what you meant by your comment, but trust me.  |
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Post by DaveContrarian on Feb 18, 2010 16:48:48 GMT -5
T4D ...
whoa, that TNA trade was great!
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Post by Rich on Feb 18, 2010 16:53:31 GMT -5
Bought FAZ march 23 calls @ .61, pretty good price.
Received a few business calls. Thank God!
I gotta get out of this house!
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Post by cosmic on Feb 18, 2010 16:57:56 GMT -5
See Now I am glad I am in cash. And you wondered what these new emoticons were for! Dow Brokerage Account |
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Post by brosin on Feb 18, 2010 17:00:37 GMT -5
See Now I am glad I am in cash. And you wondered what these new emoticons were for! Dow Brokerage Account If you are kidding, ROFL. If you are not, Please. |
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Post by maxi on Feb 18, 2010 17:06:07 GMT -5
Cosmic I just want you to know that i am now a complete convert to this board. I figured out almost everything that was bugging me. Plus the "other" board is really bad.
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Post by cosmic on Feb 18, 2010 17:18:50 GMT -5
Cosmic I just want you to know that i am now a complete convert to this board. I figured out almost everything that was bugging me. Plus the "other" board is really bad. Thanks Maxi  I just saw Cashfilly on YMB, she got 21 1-stars in about 3 minutes for posting "Fed raises discount rate" I taunted 32 stars out on the Wrap. I loved YMB Fastopia, and I love it here too. But I have this weird feeling that in 2 weeks, YMB will be this clunky old car in the back yard up on cinderblocks rusting and leaking fluids, and I'll wonder why I ever thought I'd drive it again. |
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Post by ccash04 on Feb 18, 2010 17:29:45 GMT -5
Sold my 10 PCLN calls at 13.00
Bought 4 FSLR Calls (ouch!)
Put on FCX long Put spread
I am thinking FAZ in AH might not be a bad pickup/hedge for next couple of days as well as short FXE
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Post by commodityypro on Feb 18, 2010 17:49:12 GMT -5
Bought FAZ march 23 calls @ .61, pretty good price. Received a few business calls. Thank God! I gotta get out of this house! RC - I'm liking the action buddy! You go for it. No trading for me today. Almost sold some of my TBT but I have decided that it is a keeper. Was getting nervous on my FAS shorts but seems the FED has come to me rescue.. lol.. Who was it that said don't fight the Fed? lol Cos - Tell the truth now. I bet you had the finger on the trigger on those covered calls today didn't you? Bet your ass your glad you held them. Nice call! |
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Post by cosmic on Feb 18, 2010 17:57:02 GMT -5
Bought FAZ march 23 calls @ .61, pretty good price. Received a few business calls. Thank God! I gotta get out of this house! RC - I'm liking the action buddy! You go for it. No trading for me today. Almost sold some of my TBT but I have decided that it is a keeper. Was getting nervous on my FAS shorts but seems the FED has come to me rescue.. lol.. Who was it that said don't fight the Fed? lol Cos - Tell the truth now. I bet you had the finger on the trigger on those covered calls today didn't you? Bet your ass your glad you held them. Nice call! Comm - I bitched ALL DAY to Dual via IM. He'll back me up on that. It wasn't a small number of contracts. |
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Post by sohurricane on Feb 18, 2010 20:08:21 GMT -5
T4D-
You still holding STEC?
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Post by tajmahal9898 on Feb 18, 2010 22:11:40 GMT -5
sorry for the late response... got tied up..
No trades, thought about LVS 16 Feb calls but decided against it...
MRVL covered calls not looking bad now..
AA/FAS short puts would take a hit a tomorrow.. let's see.
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Post by torrentio1 on Feb 18, 2010 22:48:18 GMT -5
I enjoyed a market flat portfolio flat day today... It was good to see VIX drop below 21 -I still await the Transports to clear 4055 level before I clear the bear carcasses and polish my bull horns.... Hope all did well. ;D |
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apc905
Margin Account Trader
Posts: 23
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Post by apc905 on Feb 18, 2010 23:02:20 GMT -5
I bought 1000 shares of Faz yesterday @ 18.80 and sold in premarket this morning @19.30. Set limit order for 1,000 Faz @18.60 premarket . When I got home from working on rental property tonight order had filled. Holding overnight. I will probably set a sell limit in the morning premarket. Good luck everyone.
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