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Post by cosmic on Aug 26, 2010 14:49:32 GMT -5
A little early today as I'm going for a swim now and not gonna wait for this ridiculous abrasion opex bullshit daily occurrence crapolla meatbag market to close today. lol ok I got it out. Closed IWM calls for an overnight 63% profit but not without constant worry lol. But it was the right trade, the Firework setup with the ultimately fail. Pretty traditional these days. ;D Trade details are here in my blog by clicking the pretty pic: No other trades. Either too much TP on the option side, or additional potential for downside given the charts, so why buy now. If we run, great, I've got what I want. If we fall, great, I can buy more. I don't see any great setups right now especially going into daily opex Friday now. I'm feel like starting one of those online petitions to get rid of the Weekly options. 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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jn1520
Broker/Dealer
Posts: 719
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Post by jn1520 on Aug 26, 2010 15:01:25 GMT -5
Should have sold my CENX and HIG positions this morning. Instead, I used a mental stop and sold at break-even point...Disgusted! Oh well, I'll be scanning the wire tomorrow for something else.
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Post by demanuel2001 on Aug 26, 2010 15:03:43 GMT -5
Down $25k-ish today. Continued my week of bass-ackward value subtracting day-trades (was I ever right about saying I needed a vacation) in LVS. Only sensible thing I did was continue to defuse Sep opex by buying back some more $28 puts and replacing them by selling Oct $30 puts.
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Post by brosin on Aug 26, 2010 15:04:22 GMT -5
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Post by sloop on Aug 26, 2010 15:10:37 GMT -5
sold FAS this AM made 8K bought again and sold for a loss of 200.00 all cash.
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Post by ask2lern on Aug 26, 2010 15:16:06 GMT -5
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Post by jack on Aug 26, 2010 15:19:11 GMT -5
I fell asleep...what happened?
...and while looking......he thought "Oh sh_t!"
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Post by benvestor on Aug 26, 2010 15:34:28 GMT -5
For some reason I could not see the forest through the trees today, tried for a LVS call scalp and lost about 20%. Was too scared to touch it again, so I missed out on riding puts down ..
Will be trading again tomorrow, but with stops.
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Post by Rothschild on Aug 26, 2010 15:35:48 GMT -5
Well, today was a real barnburner! something for everyone; hopefully bulls and bears made money today. I exited financials and Tna made 2.5% today figured if we broke 10k, Ill jump short and bought some bear etfs tza,bgz,and faz. I hope this wasnt a bear trap but the failure of the bulls to capture the 5 day ema and with the decling ma's all around, there appears to be more downside to go. Hope everyone did great today.
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Post by trading4dough on Aug 26, 2010 15:37:53 GMT -5
limited loss on tna to $.19
im going to see what shakes here tomorrow am
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Post by timber on Aug 26, 2010 15:52:47 GMT -5
i had a real good day....traded tza four times and vxx short twice......bought some more somx.....right now i only have arna somx and faz short in my trading account.......rifin could get to 650....and i think thats the bottom on that one....but i doubt it gets there....financials have been killed
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Post by brosin on Aug 26, 2010 16:02:48 GMT -5
For some reason I could not see the forest through the trees today, tried for a LVS call scalp and lost about 20%. Was too scared to touch it again, so I missed out on riding puts down .. Will be trading again tomorrow, but with stops. I've felt this way alot the last couple weeks Ben Last night, while I was doing some monetary policy work, I finally started seeing the forest again. Or so I think... more later when I get back from work
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Post by tajmahal9898 on Aug 26, 2010 16:07:47 GMT -5
No trade.. wanted to sell CENX at a small profit but didn't execute the trade and then I was away for last 2 hrs of the trading session. missed the fun...
Down 1.1K on CENX since taking the position yesterday..
ATEC didn't move much..
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Post by Rich on Aug 26, 2010 16:31:49 GMT -5
I sold the pop this morning as planned (pcx and mgm).
The market did just what I thought it would do.
Although I thought it would stay green.
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Post by exabi on Aug 26, 2010 18:01:44 GMT -5
Ungained on yesterday's unloss on PCX....no other trades
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Post by sp7015 on Aug 26, 2010 19:27:15 GMT -5
Against my better judgment I pulled the trigger on some AAPL Sept weekly calls. Down 11% on them now.
I am hoping that the market does the opposite of what everyone thinks it will do tomorrow.
Also aapl is suppose to have a media event on Sept. 1st.
I am starting to regret buying those calls. We will see what happen's in the am.
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