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Post by cosmic on Aug 25, 2010 15:08:44 GMT -5
Wow, did the Dow actually get down to the 9930 area this morning? That's what I see on the TDA ticker. Egad   Well I missed that entry lol. However I did add to my MPG, and added some IWM calls which will probably fail lol. You can see the details in my blog by clicking the pretty picture:  Today's action suggests a gap up tomorrow since we did a reversal after descending below the fib line. I will most likely sell that gap up, which I do expect - at least on the IWM calls. The MPG is a longer term swing trade.  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 Rich on Aug 25, 2010 15:11:38 GMT -5
I right witcha, big daddy Cos!
We are so due!
Sell the gap.
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Post by drtracyb on Aug 25, 2010 15:12:02 GMT -5
I made $600 on SOMX today and another $500 letting Fox Studios park a car in my driveway so they can film an episode of "Lie To Me" next door. And I'm working an extra shift tonight. Whooee, I'm in the money! Actually, the Fox money makes up for the fact that I let my 10% trailing stop hit rather than sell at the high.
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Post by cosmic on Aug 25, 2010 15:14:23 GMT -5
DrT I think that was very wise to take the Fox deal, I remember when you first mentioned it.
I think you should push it.
Tell 'em you want more deals, you'll repaint, or unpaint if they want it for an apocalypse scene, etc etc. ;D
Congrats on SOMX!!
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Post by bellevuetrader on Aug 25, 2010 15:29:47 GMT -5
Covered DRV short...Made an absolute killing! I had my whole account dumped into that pig minus $243 lol!
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Post by tajmahal9898 on Aug 25, 2010 15:30:00 GMT -5
I made $600 on SOMX today and another $500 letting Fox Studios park a car in my driveway so they can film an episode of "Lie To Me" next door. And I'm working an extra shift tonight. Whooee, I'm in the money! Actually, the Fox money makes up for the fact that I let my 10% trailing stop hit rather than sell at the high. Sweet.. I love "Lie to Me"... let me know which episode.. |
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Post by tajmahal9898 on Aug 25, 2010 15:34:35 GMT -5
only one trade, was hoping yesterday's repeat, couldn't get it..
bot 30K shares of CENX at 9.48, 600 at 9.39 --
It was like watching paint dry, movement on CENX really sucked.. Exabi summed it up best --"Price volume distribution chart looks like a middle finger salute -"..
Unrealized profit of $8,000 (CENX and AETC).
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Post by maxi on Aug 25, 2010 15:39:38 GMT -5
Covered DRV short...Made an absolute killing! I had my whole account dumped into that pig minus $243 lol! Belle! I could have sworn you said you were in small??? GREAT trade and nerves of steel! |
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Post by Rothschild on Aug 25, 2010 15:42:51 GMT -5
Dull day for me held what I bought yesterday and added some Tna @33s. Nice reversal off the Fibo line at 1041. Hopefully we get a nice gap-up tommorrow. Hope everyone made a bundle today. Congrats to the gang who bought SOMX! what a home-run! Take a bow.
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Post by ask2lern on Aug 25, 2010 15:45:39 GMT -5
Things that make you go hmmmmmmmmmm.....................well I had to avg into my SPY CALLS I got at the close yesterday to a 50 contract position that I was able to rid myself of a short time later for +3.9% ............then I did a 100 contract PUT trade for +3.5% and then really just watched for the most part until I saw the TICK go bonkers with 1200+ ticks I decided I better get me some puts........ended up with 200 contracts @ 3.17 avg and put them up for sale at 3.41 at the close..........filled on 95 for +7.5% and just a few moments ago got my KILL notice on the other 105....................so the true result is yet to be known on that one  ............holding 105 SPY 107 PUT contracts............oh and then in my typical fat finger forget to check orders ways I decided to take a position in INTC in a LT account and guess what.......I did not change accounts so it ended up in my trading account 2K @ 18.42...............I did then switch accounts and bought it in the LT account too 2K @ 18.44 but that I will hold and may add if it goes much lower in the LT account and will most likely hold in trading account at least until I am up enough to cover commissions LOL...............and then last eve S&P DOWNGRADES IRELAND  so my AIB is feeling ill but still hanging around(now money in jail) ...............ok that was my debacle.......................exalt for cos................live to trade another day...................GLTA  |
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Post by novice08 on Aug 25, 2010 16:12:10 GMT -5
It's been a while--everything green! Just need more of these--for me, it's so much easier being long.
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Post by sloop on Aug 25, 2010 16:16:26 GMT -5
had a good day. Thank you for all that helped me with the owning FAS and FAZ at the same time. It did work out. However I don't recommend it and I wont be trying that trick again. I don't know why its so confusing when your in. When you think about it, it all seems to make sense BUT in reality it doesn't work well at all.
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Post by trading4dough on Aug 25, 2010 16:16:52 GMT -5
1 tna trade + 2.4%
added to tlt 107 putz average now $1.76
added a bit to my somx position $4.38/$4.34
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Post by sp7015 on Aug 25, 2010 16:19:58 GMT -5
Bought aapl Weekly $240 calls at open for $2.36
Sold aapl Weekly $240 calls at 3:05 for $3.65. 54% profit.
Kind of mad becaue I left another 1.05 on the table becaue I sold too early.
Better to take profits than watch the stock sell off at the end of the day.
Still potitioned
aapl Sept $240 calls
BAC Sept $12 calls
BAC Jan $12.5 calls
Crus Sept $17.5 calls
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Post by drtracyb on Aug 25, 2010 16:24:31 GMT -5
I made $600 on SOMX today and another $500 letting Fox Studios park a car in my driveway so they can film an episode of "Lie To Me" next door. And I'm working an extra shift tonight. Whooee, I'm in the money! Actually, the Fox money makes up for the fact that I let my 10% trailing stop hit rather than sell at the high. Sweet.. I love "Lie to Me"... let me know which episode.. They never tell us but I'll try to find out! All I know is the house is supposed to be in foreclosure. They were talking about using our house but used the one next door, instead. So we just got the $500 "inconvenience fee" instead of some wonderful "use" fee. Same thing happened last year. They said it's hard to find neighborhoods locally that don't have Spanish-style houses, so they like our block for filming Back East scenes. Last year they parked a car in the middle of our front lawn for some scene. |
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Post by Rich on Aug 25, 2010 17:28:12 GMT -5
Rode the new bike again. Love it.
Built a big wheel for Bobby...only it's chinese, it's called a razor.
Set up a couple of jobs. Gotta go make some money.
The time off was just what the doctor ordered.
Oh, and bought a bunch of PCX and a little MGM. shares.
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Post by demanuel2001 on Aug 25, 2010 17:49:37 GMT -5
Not a bad day - up $30k. Mostly LVS of course. Over the past few days I've managed to give away close to $20k "managing" my LVS position - I guess that happens when you get skittish and are short gamma. I did a few things today to make my risk more manageable - moved some of my short in the money puts from September to October and traded up a little in strike to get some serious extra premium. Also wrote a few high strike calls. When I move some of my Sep position to Oct it lowers my gamma and just generally spreads my worries from one huge option expiration to just 2 big ones.
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Post by exabi on Aug 25, 2010 17:54:30 GMT -5
Unlost some $ on PCX...damn I'm always a day or two early. No trades otherwise.
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Post by jack on Aug 25, 2010 18:48:07 GMT -5
had a good day. Thank you for all that helped me with the owning FAS and FAZ at the same time. It did work out. However I don't recommend it and I wont be trying that trick again. I don't know why its so confusing when your in. When you think about it, it all seems to make sense BUT in reality it doesn't work well at all. Exalt to Sloopy because he was able to get out of his FAS & FAZ trades without losing his ass and in fact making some dough - LOL! |
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Post by bellevuetrader on Aug 25, 2010 22:20:48 GMT -5
Covered DRV short...Made an absolute killing! I had my whole account dumped into that pig minus $243 lol! Belle! I could have sworn you said you were in small??? GREAT trade and nerves of steel! Thanks Maxi! ;D If you look back to my post, I had added more at $30.50....that was fully loaded Scary as heck watching it move every penny. Thankfully I covered my position 8 cents off the low! |
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Post by blueskies on Aug 25, 2010 22:32:02 GMT -5
bonds kicked my butt....
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Post by brosin on Aug 25, 2010 22:38:48 GMT -5
sorry blue - they've gotta be a tough trade
no trades, a few prayers for my FAS which were so far answered; ha, not really though - still haven't gone down too much on it at -14% at the low (i was hoping to never get to a 20% paper loss before it comes back green)
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jn1520
Broker/Dealer
Posts: 719
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Post by jn1520 on Aug 26, 2010 7:07:34 GMT -5
Sorry, missed the wrap yesterday: bought some CENX and HIG, but got the middle finger salute on both so far. Barely any movement. |
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mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
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Post by mihai on Aug 26, 2010 8:10:10 GMT -5
Missed it too. Got in FAS at 17.16 (great price, happy for my call).
Average of 18.65 though :-( I hope I can get to unload everything at 20 or 21 then possibly jump in FAZ at 12.
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............holding 105 SPY 107 PUT contracts............oh and then in my typical fat finger forget to check orders ways I decided to take a position in INTC in a LT account and guess what.......I did not change accounts so it ended up in my trading account 2K @ 18.42...............I did then switch accounts and bought it in the LT account too 2K @ 18.44 but that I will hold and may add if it goes much lower in the LT account and will most likely hold in trading account at least until I am up enough to cover commissions LOL...............and then last eve S&P DOWNGRADES IRELAND 
so my AIB is feeling ill but still hanging around(now money in jail) 
