Cosmic's MarketPlace Wrap - 7/27/2010

[cosmic]

Not too bad a shuffling of the deck chairs today, consistent with a mild distribution with a very small pullback. ;D

I added to a few positions, very mildly today, a little to each side of my LVS straddle, and a little to my HTS Puts.

Green Arrow counted this as a blue sequential, #4, so 5 more minimum to go. I posted a few examples of a red candle during a sequential - and many of them were the 4th.

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

[demanuel2001]

Bit of a nothing day for me - if you can call dropping $10k nothing (mini-ouch). Rolled some of my Aug LVS puts into Sep to get more premium (I'm short puts) and also to flatten out changes to delta if we have an earnings surprise tomorrow.

[snapplemoney]

still waiting for a red candle b4 i go long at this point

[cosmic]

SPY has a red candle.

[brosin]

Dead On streak ends at 6 - bears you are weak!

Lost some of the gains from yesterday as VSTNQ pulled back 14% on the day. Although I did trade out of the VSTNQ and into FMCC for a 8% trade in the meantime before buying back into Visteon, so all in all I lost only 7% of the 44% profits yesterday. Holding VSTNQ into tomorrow.

Sold VSTNQ .575, bought FMCC .363, sold FMCC .393, bought VSTNQ .57

Oh and bigger news (for me at least), I created a new position in the IRA for PCX @ $12.50

[snapplemoney]

i didnt see that will have to go back and look. cosmo im looking for a minimum of 1103 to be tested what you think

[tajmahal9898]

I was wrong on my bear call again.. I suck..

No trades today (so far).. CENX missed by a mile 5 cents versus 25 cents.. I hold 20K short position at 10.49.. ~7K unrealized profit..

b/e on QCOM short postion..

[cosmic]

Q's also has a red candle.

Buy the dip so long as we are within 1-2% and the stop is in place. I'm not playing Green Arrow by hour. It's a longer term trade - possibly weeks.

[papasloth]

Got some JNK 39 Aug. covered calls I was short assigned. Sold some Aug. 88 HYG puts to reload the position.
Covered some FAZ 39 2012 calls I was short in the morning for a nice profit. I feel pretty well balanced right now for market moves in either direction.

[timber]

i had some good trades today....i got rid of drys in premarket....im done with this stock...its too scammy for me now......sold short arna and covered reshorted and holding it now....im going to try the short bio game again.....since most of them fail the odds are in your favor

[sp7015]

Best trading day of the year for me.

Sold
----------------
AAPL $250 weekly calls $12.34 cost basis $9.75
AAPL $260 weekly calls $5 cost basis $3.55

First I sold the $250 in the AM that I bought yesterday morning. I am mad at my self because I left $1.5 on the table with those.

Let AAPL pull back and loaded up on the $260's. Again I left some money on the table. About 0.60 when I sold them at the end of the day when AAPL broke $264 and pulled back.

Bought 5 XOM $62.50 weekly calls just for kicks. Its worth the $88 gamble that XOM closes above $62.50 on Friday.

Other than that the only stock I own in my trading account is Long AAPL.

[torrentio1]

I took the session off today.

Just now looking at into what the market was up to. So far it looks like an inconsequential consolidating market flat portfolio down session.

I remain all in and based upon what I see so far I remain bullish...

Hope all did well!!!

;D ;D ;D ;D

[rebel]

my thinking i can chase the bull > just trying to avoid the bear from taking profits
sold PCX @ 13.49
sold SGY @ 12.25
2 trades in FAZ total profit .27
100% cash eod
very very tricky for me today ;D


GLTA

[exabi]

Bought PCX 12.29...we'll see. Might see a bit of a bounce tomorrow.

[ask2lern]

No trades for me ...........still holding SPY PUTS,SDS,AIB and CASH in trading account......................I think we are going to move big................ just not sure on the direction ....................Exalt for Cos....................Live to trade another day.......................GLTA

[brosin]

Jul 27, 2010 15:50:15 GMT -5 sp7015 said:

Best trading day of the year for me.

Sold
----------------
AAPL $250 weekly calls $12.34 cost basis $9.75
AAPL $260 weekly calls $5 cost basis $3.55

First I sold the $250 in the AM that I bought yesterday morning. I am mad at my self because I left $1.5 on the table with those.

Let AAPL pull back and loaded up on the $260's. Again I left some money on the table. About 0.60 when I sold them at the end of the day when AAPL broke $264 and pulled back.

Bought 5 XOM $62.50 weekly calls just for kicks. Its worth the $88 gamble that XOM closes above $62.50 on Friday.

Other than that the only stock I own in my trading account is Long AAPL.

Congrats SP!

[commodityypro]

No trades and frankly didn't even pay attention to the markets until later in the day. I think we possibly go on to see 1125 before 1090 on SPX. Really no reason to go down here, only up.

I know

[benvestor]

Jul 27, 2010 15:50:15 GMT -5 sp7015 said:

Best trading day of the year for me.

Sold
----------------
AAPL $250 weekly calls $12.34 cost basis $9.75
AAPL $260 weekly calls $5 cost basis $3.55

First I sold the $250 in the AM that I bought yesterday morning. I am mad at my self because I left $1.5 on the table with those.

Let AAPL pull back and loaded up on the $260's. Again I left some money on the table. About 0.60 when I sold them at the end of the day when AAPL broke $264 and pulled back.

Bought 5 XOM $62.50 weekly calls just for kicks. Its worth the $88 gamble that XOM closes above $62.50 on Friday.

Other than that the only stock I own in my trading account is Long AAPL.

glad someone is banking on the AAPL options turbulence. My broker shows the weekly's but does not allow trading of them.. blasphemy i say

[Rich]

I sold my MGM and FAS calls on the pop at the bell. Best swing I've made in months

But even better....My sister finagled a penthouse for us in Manhattan Beach...don't know how she did it...but this mid-western boy is in awe.

I can see all the way to China

I'll get some pics up later when I come out of shock