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Post by cosmic on Jul 29, 2010 15:09:21 GMT -5
Green Arrow still confirms the 6th sequential, and we did get a close above 1101... barely. Will most likely buy a dip tomorrow.  Sold my HTS puts. Nice gain. Just a little over 100%. Sold my QQQQ calls at 19% loss - this was a very small position. Sold my MPG at 3.06-3.04, this was a 14% gain on a very large position. All said, good outweighed bad. ;D I re-hedged my LVS puts which are still taking a drubbing, but thanks to Demanuel he picked a very nice strike and timing on some calls. Kudos! I was looking before I saw your post, and you confirmed my need to re-hedge.  Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
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Post by sp7015 on Jul 29, 2010 15:17:14 GMT -5
Bad trading day for me. Bought AAPL $260 weekly calls for $3 then market tanked. Under water on those calls by 70%.
Still holding them until tomorrow to hopefully get some of my money back.
Bought small position in GS $150 weekly calls at EOD. This might come back to bite me though.
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Post by benvestor on Jul 29, 2010 15:40:29 GMT -5
Holding a few ARNA 6 calls and up about 15%. Small trade, just dipping my toes back in trading. Betting we see 7+ tomorrow .
GL everyone
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Post by ask2lern on Jul 29, 2010 15:45:10 GMT -5
Doubled my SPY 111 PUT position that I opened at the close yesterday this am and sold for a nice gain  .................got my stink bid of 3.75 filled on MPEL ..............after the +1300 tick opened another SPY 111 PUT position and averaged down to a rather large position that I sold for a ok gain just a short while later.............Then just at the close opened another SPY 111 PUT position for the GDP fireworks ??.............the visine worked really good at first on the SDS but wore off quickly so I added a few more drops but decided I will pick up some of that stuff Cos mentioned on the way home ;D................so holding SPY 111 PUTS, SDS, MPEL,AIB and cash in trading account.....................Exalt for Cos.....................Live to trade another day...........GLTA Also lost my Karma bet with Clem on a gold close over $1200 so he will either be enriched with Karma OR 5 Zinbabwe $100 Trillion Dollar bills........His choice........CONGRATS CLEM!!!!!!!!!!!!!!!! |
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Post by timber on Jul 29, 2010 15:59:15 GMT -5
i wanted to trade arna but kept my composure from getting whacked to many times in a huge gap down....so will never hold these overnight if i dont have to anymore....made two fas trades and one czm trade....might try call options tomorrow i think we have a huge day on gdp news either that or real dumper
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tfkness
Commodities Trader
Posts: 107
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Post by tfkness on Jul 29, 2010 16:27:13 GMT -5
Rode the FAZ up through 1/2 the day and bailed out near the top... then everything went the other way almost back to where it started... don't ask me why the FAZ didn't keep going... magic hope pixie dust from the bulls I guess. I gotta give it to them though, they managed to claw back above 1100... by a dollar and change....
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Post by commodityypro on Jul 29, 2010 16:27:52 GMT -5
Sold 1/2 my ARNA at the close $6.97 for a whopping 99.14% on that lot of shares. YA BABY!!! The other half I bought at a higher price point so I am only up a measily 27%. I'm thinking the shorts are getting antsy on this as more and more retail investors are finding out about this one and buying it and it's causing the big $$ to work harder which I believe is why you've seen such silly crazy volume #'s lately. My bio expert is telling me the squeeze started today once we crossed $6.65, great, now she tells me after I dumped 1/2.. lol JK, I'm happy as a clam right now.
Also bought some DRV which I sold like 15 minutes later and then bought some FAS a,t I think it was $22.40. Anyway, I'm a little worried from seeing the action in the 10 yr drop back below 3% but that partly was due to the reaction after the 7 yr auction today. Melt up to continue tomorrow! I feel so dirty.. lol
GL!
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Post by tajmahal9898 on Jul 29, 2010 16:34:20 GMT -5
No trades today.
unrealized loss of ~10K on my AMAT holding (acquired yesterday).
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Post by demanuel2001 on Jul 29, 2010 16:54:22 GMT -5
Bit of a nothing day for me - up less than $10k (my portfolio bounces around like crazy these days). Did a tiny scalp of LVS stock. Started getting worried about my negative gamma on my short LVS options. So I bought a few August $29 calls. All in all, pretty inept trading from me - a sign I either need to take a break or need to reevaluate my position - had a long run up since 4th of July and a timeout makes sense.
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Post by Dualism on Jul 29, 2010 17:03:09 GMT -5
Bit of a nothing day for me - up less than $10k (my portfolio bounces around like crazy these days). Did a tiny scalp of LVS stock. Started getting worried about my negative gamma on my short LVS options. So I bought a few August $29 calls. All in all, pretty inept trading from me - a sign I either need to take a break or need to reevaluate my position - had a long run up since 4th of July and a timeout makes sense. Interesting that you are focused on portfolio Gamma at this point. With Aug opex still 2 weeks away, I thought you may be more focused on portfolio Delta. And if you're long LVS shares and short puts, largely, with some short calls, shouldn't the overall delta be positive? |
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Post by demanuel2001 on Jul 29, 2010 17:25:31 GMT -5
Bit of a nothing day for me - up less than $10k (my portfolio bounces around like crazy these days). Did a tiny scalp of LVS stock. Started getting worried about my negative gamma on my short LVS options. So I bought a few August $29 calls. All in all, pretty inept trading from me - a sign I either need to take a break or need to reevaluate my position - had a long run up since 4th of July and a timeout makes sense. Interesting that you are focused on portfolio Gamma at this point. With Aug opex still 2 weeks away, I thought you may be more focused on portfolio Delta. And if you're long LVS shares and short puts, largely, with some short calls, shouldn't the overall delta be positive? I was being terse. I am most certainly positive delta right now. Long quite a lot of stock, short a boatload of Aug and Sep puts. Also short some Aug $28 calls and today bought some $29 calls. Because the puts are now ALL out of the money, my delta has declined quite a bit. Today I was contemplating my delta declining more if the stock price kept zooming up - and that is why I bought the $29 calls. I'm trying to juggle waiting for Aug expiration with hanging in with good upside delta if the stock keeps movin on up. |
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Post by PoorHomey on Jul 29, 2010 17:30:18 GMT -5
Experienced some technical difficulties with my "trading platform" (Cell phone ) but emerged relatively unscathed. Tried to buy SOXL with a market order @ $32.27, and received "Communication error - verify network connectivity and try again" I didn't try again, though ~1hr later I get email confirmation - filled @$33.07! Attempted to sell it @ $34.03 - got another error message. ~30 minutes later got an email - Sold @ $33.38  Trading via phone has a few unique risks and is perhaps a bit unwise. Luckily nobody has ever accused me of being wise. ;D |
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Post by tajmahal9898 on Jul 29, 2010 17:31:59 GMT -5
wow poorhomey.. looks like you placed market orders in instead of limit orders.
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Post by exabi on Jul 29, 2010 17:33:23 GMT -5
No trades...had a sell on a covered call on PCX (13 AUG) that did not fill...missed by a few pennies. Still essentially flat on that purchase at 12.29.
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Post by demanuel2001 on Jul 29, 2010 17:38:19 GMT -5
Experienced some technical difficulties with my "trading platform" (Cell phone ) but emerged relatively unscathed. Tried to buy SOXL with a market order @ $32.27, and received "Communication error - verify network connectivity and try again" I didn't try again, though ~1hr later I get email confirmation - filled @$33.07! Yikes! I don't use market orders at the best of times. If I want immediate execution on a buy, I'll put in a limit order a few cents above the current ask. Sounds like you need to do something like that with your mobile trading desk. |
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Jul 29, 2010 17:38:09 GMT -5
Experienced some technical difficulties with my "trading platform" (Cell phone ) but emerged relatively unscathed. Tried to buy SOXL with a market order @ $32.27, and received "Communication error - verify network connectivity and try again" I didn't try again, though ~1hr later I get email confirmation - filled @$33.07! Attempted to sell it @ $34.03 - got another error message. ~30 minutes later got an email - Sold @ $33.38 Trading via phone has a few unique risks and is perhaps a bit unwise. Luckily nobody has ever accused me of being wise. ;D Ouch... FYI - TDA has a pretty good mobile platform. I use it frequently. Pretty reliable. I use both an Iphone and a Palm Pre, and it works great on both. Good luck, sowolf- |
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sowolf
Broker/Dealer
Posts: 439
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Post by sowolf on Jul 29, 2010 17:40:17 GMT -5
Bought a bunch of FAZ calls today :0)
I think the market takes a haircut tomorrow.
Good luck everyone.
sowolf-
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Post by PoorHomey on Jul 29, 2010 17:59:45 GMT -5
wow poorhomey.. looks like you placed market orders in instead of limit orders. Yes, these were market orders. 99% of the time they execute within a couple of seconds at the current bid or ask - even with SOXL/S which sometimes have wide spreads and low volume. In this case it appeared the order was never sent as it never appeared in my open orders. Then it executed about 45 minutes later. At least I got out with a small gain - So far no losing trades on SOXL/S. |
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Post by torrentio1 on Jul 29, 2010 18:59:18 GMT -5
Another day off from the markets today -looks like tomorrow will be the same -maybe I will catch the open and the latter part of the session if all goes as planned... Hmmm... --it looks like it was a consolidating market down portfolio down session with techs and specifically semiconductors getting a little bear spanking. My gut feeling is that semiconductors put in an interim bottom this session and they go up from here -we shall see. Anyway, those pesky bears need to hibernate already...  I remain all in bullishly. Considering the leader, Transports, it looks like maybe consolidation nears an end ---Friday could be a very bullish session Hope all did well!!!! ;D ;D ;D |
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Post by Rich on Jul 29, 2010 19:45:53 GMT -5
I sold PCX for no gain. Bought FAZ15 sep calls and sold for a slight gain. Then I went to the beach Coming home tomorrow, we all look like lobsters. |
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Post by brosin on Jul 29, 2010 20:18:57 GMT -5
Sold my VSTNQ @ .465 for -9% from .515
Shorted ARNA avg $6.84, looking at a few longs on any gap down tomorrow: CLF, PCX, BP. Opinions welcome!
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Post by timber on Jul 29, 2010 20:24:08 GMT -5
i think your arna short will work tomorrow brosin....orex had a surprise tonight
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Post by jack on Jul 29, 2010 20:30:19 GMT -5
I sold PCX for no gain. Bought FAZ15 sep calls and sold for a slight gain. Then I went to the beach Coming home tomorrow, we all look like lobsters. Kewlio! |
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Post by benvestor on Jul 30, 2010 4:10:08 GMT -5
Bad trading day for me. Bought AAPL $260 weekly calls for $3 then market tanked. Under water on those calls by 70%. Still holding them until tomorrow to hopefully get some of my money back. Bought small position in GS $150 weekly calls at EOD. This might come back to bite me though. SP be very careful with the aapl calls.. AAPL has one more gap at 254ish. Watch that level! If u hadn't noticed it went to close its prior tuesday gap today.. Sorry to hear about your loss. Try and get out tomorrow if u can! |
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alphaspeculator
Broker/Dealer
I buy high and sell low[F4:alphaspeculator]
Posts: 444
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Post by alphaspeculator on Jul 30, 2010 4:49:16 GMT -5
I got completely throttled this week
Held TNA over the weekend. Sold it and switched to TZA Monday Morning
Sold TNA Tuesday and sold it yesterday.
Tomorrow: get in TZA.
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.................got my stink bid of 3.75 filled on MPEL 
