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Post by cosmic on Feb 22, 2010 16:07:32 GMT -5
Lackluster finish yet earlier today I thought my prediction of baby bear would get squashed, but it turned out to be right (finally!). I added some UNG today in the high 8's, and covered my FAZ short a little early but at 18.97 or so. APWR did very nicely today, my short puts are green and my shares are all green. Finally! MVIS had a nice pullback today as did SOL which I also like. SOL was recommended by somebody on the YMB a while back. Oh, and T4D, the next time you feel the impulse to yell out Junk is Hot! in the middle of the trading day? Just don't. LOL. KERSPLAT! Hope everyone made some money today and will do so tomorrow. Regulars, please post your results and tack-weld some smileys. Here are the bond and RIFIN charts for the day.   |
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Post by tajmahal9898 on Feb 22, 2010 16:11:13 GMT -5
Lost opportunity to make decent money today.. Thought about shorting FAS at 76, XNPT at 10 and IFLG at 5.8 put just couldn't pull the trigger.
No trades.. unrealized profit of 25K (short puts calls)
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Post by jack on Feb 22, 2010 16:14:13 GMT -5
Sold my PCX for 10% which was a 17-18 day hold.
;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D ;D
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Post by ask2lern on Feb 22, 2010 16:22:34 GMT -5
Tried to get to my desktop but only got about 1/2 caught up......the worst part about vacation is getting back to work........I did pick up some SPY 112 Calls @ 1.44 this am and holding.....looked at JWN thought about shorting at 36.17 but was worried I may not be able to watch and listen....would have been a nice quick play....oh well......hope all did well......5 stars for Cos (I know we don't have them but if we did......)....Live to trade another day........like the new digs too........GLTA
Oh and I learned the difference between Exalt and Smite.......time to repent..........
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Post by Dualism on Feb 22, 2010 16:24:45 GMT -5
I see today as the new tug of war between the bulls and bears.
The VIX popped early to just under resistance at 21.08, but it was rejected and moved gradually south to close down by a mild .45%.
The overall market breadth for all the exchanges ended about even.
The T-bond futures closed lower but it showed low volatility.
Closed out 1/3 position in FAS Mar 65 puts for 1.50
Traded FAS for a 47 cent gain.
Added to FAS Mar 70 calls.
Initiated position in SQNM Mar 6 calls for .66 and Mar 5 puts for .27.
Holding around 70% cash. Will work into new positions gradually over the next week or so. But still my account got a 2.2% boost today.
I remain slightly bearish near term.
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Post by Rich on Feb 22, 2010 16:37:18 GMT -5
No changes, here. Still short. Getting impatient.
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Post by sloop on Feb 22, 2010 16:48:37 GMT -5
Bought APWR , BBY and TNA holding for now.
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Post by kryptos2009 on Feb 22, 2010 16:49:43 GMT -5
Hi gang,
I'm glad to see Cash is now here. I enjoy her commentary throughout the day very much.
Still holding 250 FAS
Trying a new strategy, sold calls against the FAS holding.
Sold 2 FOS Mar 20 2010 75.0 Call @ 4.75
Looking to buy back at approx $4.00 or so for a small profit.
Dual any advice on this strategy is greatly appreciated.
Hope everyone made some money today.
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Post by tajmahal9898 on Feb 22, 2010 16:59:55 GMT -5
Hi gang, I'm glad to see Cash is now here. I enjoy her commentary throughout the day very much. Still holding 250 FAS Trying a new strategy, sold calls against the FAS holding. Sold 2 FOS Mar 20 2010 75.0 Call @ 4.75 Looking to buy back at approx $4.00 or so for a small profit. Dual any advice on this strategy is greatly appreciated. Hope everyone made some money today. Kryptos, so you are trying to make 75 cents or 75 dollars per contract. With two contracts you would make a profit of 150 dollars or around $125 if you include roundtrip cost to trade options. Did I get this one right. |
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Post by trading4dough on Feb 22, 2010 17:34:31 GMT -5
Added 25k mvis at $2.32
No other trades
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Post by commodityypro on Feb 22, 2010 17:46:32 GMT -5
Jack nice trade there buddy!
I added some short FAZ today as I thought we could see a FINS rally. Just had a hunch. Slows the bleeding but like RC, I'm getting a little impatient. If the markets end up green for the week in the face of a record amount of new debt being auctioned, then I will be surprised.
Cos/Brosin - You guys are brave taking on UNG and the sinking ship here. GLTY both though. It looks tempting as usually I'm one of the 1st to jump onto a sinking ship..lol
GL!
-Commodityy
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Post by torrentio1 on Feb 22, 2010 18:11:36 GMT -5
I saw a market flat portfolio up session today... It was very good to see VIX close below 21 again for the third session straight and the Transports making some headway today again closing above the 4055.00ish level... With a bullish bias still set and indicator room for upside I still expect to see SPX hit at minimum the 1132.00ish level; however, considering all, feel we may consolidate some with a bulls versus bears battle here until the 50 Day SMA on SPX is taken out... Today we see the Bank Index (BKX) do well and see it now at a potential breakout level -IF BKX breaks out the conservative calculated target from the ascending triangle equates to the 51.00ish level -a 6% gain. Hmmm... However, if one considers the potential complex inverted head and shoulders pattern then we could see BKX dip again for a short while -either way, the conservative calculated target from the inverted head and shoulders pattern equates to the 53.00ish level -a 10% gain -good for FAS We still see Airlines potentially at weekly breakout point again... IF we see a breakout then, in my opinion, Transports will lead the markets higher... Hope all did well. ;D |
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Post by doglover on Feb 22, 2010 18:18:09 GMT -5
Only sell was 1/2 my position in RDN ..earnings tomorrow.
Added APWR .MVIS ERY.and LVS from 2/18.
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Post by exabi on Feb 22, 2010 18:21:20 GMT -5
Jack,
Nice trade on PCX....I'm still holding from 15.45.
Got banged a little on CBI......missed top line, slight down day on port. No trades.
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Post by Dualism on Feb 22, 2010 18:38:38 GMT -5
Hi gang, I'm glad to see Cash is now here. I enjoy her commentary throughout the day very much. Still holding 250 FAS Trying a new strategy, sold calls against the FAS holding. Sold 2 FOS Mar 20 2010 75.0 Call @ 4.75 Looking to buy back at approx $4.00 or so for a small profit. Dual any advice on this strategy is greatly appreciated. Hope everyone made some money today. Kryptos, I think you have done very well selling the Mar 75s for $4.75; they got to as high of around $5 today. What I can add is a little guesswork on my part. But I believe there is good chance that you can capture more than $.75 from those calls. Based on my bias read of the chart, I think you can 'buy to close out' those calls at $3 or less. It may need waiting till Wednesday. |
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Post by tajmahal9898 on Feb 22, 2010 18:45:58 GMT -5
Kryptos, I think you have done very well selling the Mar 75s for $4.75; they got to as high of around $5 today. Dual, I might be looking at the wrong charts, TOS is showing HOD for Mar FAS 75 call as 4.8, whereas Mar FAS 75 put last traded around 5. Are you short term bearish ? |
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Post by Dualism on Feb 22, 2010 19:02:31 GMT -5
[/quote]
Dual, I might be looking at the wrong charts, TOS is showing HOD for Mar FAS 75 call as 4.8, whereas Mar FAS 75 put last traded around 5.
Are you short term bearish ?[/quote]
Taj,
Looking at the Tradestation chart for FAS Mar 75 calls, it shows that this option traded as high of $5. 4 individual trades of $5 went through:
12:26:39 $5.00 size 1 PACX
12:26:39 $5.00 size 5 PACX
12:26:39 $5.00 size 1 PACX
12:23:04 $5.00 size 10 CBOE
A lot of trades between $4.80 to $4.95 were also traded betweem 12:18 to 12:34.
And I am short term bearish.
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Post by brosin on Feb 22, 2010 19:20:42 GMT -5
Good day - Sold the LVS for a .10 gain @ $16.58 to jump into APWR with the hopes of getting back in the LVS tomorrow or Wednesday right around here (will use UNG or SQNM profits / or losses if the trades turn against me). So I got back the full portion of my APWR shares at $13.14 that I had sold at $13.20 . Full position again, and it was just quick enough as APWR roared up almost a full dollar from that point before losing a little steam EOD.
Sold my SVA at the open for a .16 loss - just can't time this one right lately.
Chased SQNM @ $5.88 in case it exploded above $6. I thought it was going to, but never came to fruition - will add some shares around $5.60 or so tomorrow if it's down early on.
Bought RIMM @ $70.14 - I really like the looks of the chart, and given that it's foward PE is 10-15 while GOOG/AAPL/BIDU have much higher multiples, I do think it's going to breakout here soon. I looked at it all weekend and was hoping it was down on Monday. I got my wish.
Also added to my UNG @ $8.91 - avg of $9.18 now. I will be patient with it as it will definitely come strong off wherever the bottom is (if it didn't hit it today, hopefully not that far away).
Going into tomorrow with APWR/IMGG/RIMM/SQNM/UNG even though I'm a little bearish. I like my plays though as all of them have shown the capacity to be countertrend plays from time to time.
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Post by puurfectten on Feb 22, 2010 19:30:07 GMT -5
hey guys...painted today...got ragged by some chick on pms...lol...just waiting for the bloodbath...should start tomorrow i think....
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Post by brosin on Feb 22, 2010 19:32:25 GMT -5
lol Lee, I'm just waiting for the day when you say "I think we bottomed - I'm getting long."
It will be cause for a celebration.
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Post by rocknroll on Feb 22, 2010 19:37:33 GMT -5
Thanks!  |
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Post by brosin on Feb 22, 2010 19:40:32 GMT -5
hey guys...painted today...got ragged by some chick on pms...lol...just waiting for the bloodbath...should start tomorrow i think.... BTW, the first time I read this post, all I saw was "chick," "P.M.S.," "rag[ged]," and "blood[bath]." Nothing near what you meant I don't think, but I got a good kick out of it LOL. |
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Post by puurfectten on Feb 22, 2010 20:02:59 GMT -5
lmao...didn't look at it that way...  ... |
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Post by kbk3ck on Feb 22, 2010 20:26:35 GMT -5
I didnt get my dip in FAS I was wanting. Now I dont know what to do here. Dose it go to 80 or 70? Im just gona be on the sideline Tuesday watching with my trigger finger just twitching away!!! No 'wood' here guys.
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Post by puurfectten on Feb 22, 2010 20:29:40 GMT -5
heyayaya...heyayaya...heeyayaya...heeyayaya...heyayaya....still workin on it....look out.... .. |
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Post by kbk3ck on Feb 22, 2010 20:37:09 GMT -5
That sounds like a rain dance purr. Dollars from Heaven?
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Post by puurfectten on Feb 22, 2010 21:05:53 GMT -5
yuppers.... .. |
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