|
|
Post by cosmic on Sept 9, 2010 15:19:19 GMT -5
Not the best day, not the worst, was right with a baby bull.  Some of the action seemed strange, junk was definitely having a problem, and the market still seems to lack strength in anything but index stocks will still makes me think mostly opex action... and with the weeklies, it's not surprising.  No trades today.  Hope everyone made some money and will do so tomorrow. Members, please post your results along with your RDA of smileys!  |
|
|
|
Post by tajmahal9898 on Sept 9, 2010 15:22:27 GMT -5
few spy calls for ~1.8K realized profit.
unrealized 5.5K portfolio gain (CENX was down and ATEC was up)
Hold bearish sentiment.
|
|
mihai
Broker/Dealer
2nd Place - Road to Opex 7
Posts: 433
|
Post by mihai on Sept 9, 2010 15:25:04 GMT -5
Still holding TZA I bought Friday at 31.80. Wish I played a little and sold @32.80 to buy back at 32.00. Oh well.
Will sell when SNP in the 1080's, will stop out after market closes past 1110 (probably would be ~30 which would suck).
|
|
|
|
Post by Rothschild on Sept 9, 2010 15:25:04 GMT -5
Not the best day, not the worst, was right with a baby bull. Some of the action seemed strange, junk was definitely having a problem, and the market still seems to lack strength in anything but index stocks will still makes me think mostly opex action... and with the weeklies, it's not surprising. No trades today. Hope everyone made some money and will do so tomorrow. Members, please post your results along with your RDA of smileys! No trades for me; I really couldnt see the angles yesterday. The market volume is so anemic that anything is possible though the noticeable distribution and the action in the CDS market is somewhat troubling. Hope everyone booked gains like Lloyd Blankfein ;D ;D ;D and will contune to do so.  |
|
|
|
Post by maxi on Sept 9, 2010 15:28:08 GMT -5
I guess I closed down my computer before the poll was posted. I woulda said Baby Bull..... ;D No trades but I kinda like this market..... I think we go up from here. (really sticking my neck out here so go easy!)
|
|
|
|
Post by timber on Sept 9, 2010 15:30:07 GMT -5
pretty good day with drv and short faz.....one tna premarket also
|
|
|
|
Post by ask2lern on Sept 9, 2010 15:35:08 GMT -5
|
|
|
|
Post by brosin on Sept 9, 2010 15:43:22 GMT -5
My real life FAS was green for the 5th straight day Big Cap Growth Portfolio was up .4% on its 2nd day (total 1.5% already, thanks TBT!). Scalp Trading Portfolio was down 1% to finish right back at even after 2 days. FFR was down overnight to .19% from .20% - bearish reading for the day, even for the week. I remain uber bullish. |
|
|
|
Post by sp7015 on Sept 9, 2010 16:05:51 GMT -5
I saw and realized an 18% gain in my portfolio. Right now I am 93% cash. Since the lows of 8/25/10 my portfolio has gained 235%. Mostly trading aapl options. Mind you I was down a whole lot during those lows and I have now unlost my money to be even before the last down turn. ;D Sold all my sept long call positions today. - AAPL $240 Sept Call (42% gain)
- BAC $12 Sept Call (39% gain)
- AAPL $260 weekly Call (63%gain)
Trades for the day - AAPL $260 weekly Call (63%gain) started eod yesterday
- AAPL $260 weekly Call (4% gain)
scalp got at $4.80 sold $5.00 This was almost a bad trade because I entered to early as the calls went down to $4 before going back up.
- SPY $111 sept long puts bought eod $1.04 just for fun only 2 contracts and will hold until they make money or go to 0
Trades I am loosing in: MVIS $2.50 Sept long call CRUS $17.50 Sept long call Today I saw aapl hit the upper part of the box it has been trading in ($266). I was well positioned since I bought aapl weekly $260 calls yesterday before close. What I didn't like and appears bearish to me is that aapl sold off after it hit $266 and closed at lows of day. As of now I would rather see the market drop and then enter into long position after a pull back or I would like to see the market head higher and then enter into a long position after a pull back.   Uploaded with ImageShack.us |
|
|
|
Post by benvestor on Sept 9, 2010 16:09:14 GMT -5
Sold 30 LVS 31 strikes i avg. into yesterday at 1.30 for 1.78 this manana on that sweet sweet gap up and run in the first 15 mins.. LVS proceded to get smashed so I am glad i took the money and ran ;D Ugly little ooze down today, things looked great before the bell and then blah.. good day for puts i guess nice gain today on LVS, no other trades, all cash for Friday GL for tomorrow! Btw I woke up 3 times to check futures, had some incredibly vivid dreams and woke up super early (for me).. stressful holding that many calls  : |
|
|
|
Post by benvestor on Sept 9, 2010 16:28:33 GMT -5
Sp, do you think that 252 gap fills before or after Opex?
|
|
|
|
Post by timber on Sept 9, 2010 16:59:58 GMT -5
i cant hold options over night i dont have the stomach for that yet
|
|
|
|
Post by sloop on Sept 9, 2010 17:11:41 GMT -5
took some profits on FAS and BAC. Sure did catch me off guard. Could have made a lot more but the market took me by surprise.
Im with Ask..
GO Vikings!!!
|
|
|
|
Post by timber on Sept 9, 2010 17:22:47 GMT -5
|
|
|
|
Post by ask2lern on Sept 9, 2010 17:30:00 GMT -5
i cant hold options over night i dont have the stomach for that yet I would say you have the brains not to hold options o/n...........me on the other hand was dropped to many times on my head as a child ;D Exalt!!! for good sense................... |
|
|
|
Post by sp7015 on Sept 9, 2010 18:02:04 GMT -5
Sp, do you think that 252 gap fills before or after Opex? I think the way it will play out on Friday is that they will run it down to the $260 strike price for weekly options. Then next week if the market stays around this range we will see the stock pop at the begining of the week to $264ish then they will pin it to $260 next Friday. Also be really careful holding puts in aapl overnight. Steve Jobs is the master of timing information releases to move the stock. The fundamentals of the stock are good. It is really possible that you could have puts in the stock and then apple releases sales numbers from overseas sales or up dates sales numbers from the US and the stock goes up 4% Another factor for next week is that you have best buy that reports on the 14th of september. They could announce good ipod numbers and that could move the stock. So in short only use puts on apple for daytrades and don't hold them overnight. |
|
|
|
Post by sp7015 on Sept 9, 2010 18:09:18 GMT -5
Sp, do you think that 252 gap fills before or after Opex? Honestly I don't think we will see $252 again unless the spy goes to crap or after they report earnings in October if they are bad. They guided higher for the October quarter so I doubt they will disappoint. |
|
|
|
Post by benvestor on Sept 9, 2010 18:49:56 GMT -5
Believe me, I am not arguing that fundamentally it is a beast. It is just that it seems that so goes the market goes AAPL. The market has been in a range and I don't see anything that is going to break it bullishly in the next month (fundamentally that is. Price is another story tho) If we start filling these gaps down, which in the past has taken about 2-4 weeks, then AAPL will go back down. It would put in a new higher low at 250ish and run into and after earnings perhaps.. So with that said, we will likely just run too 1150 SP now lol |
|
jn1520
Broker/Dealer
Posts: 719
|
Post by jn1520 on Sept 10, 2010 6:36:28 GMT -5
Sold my AKS position early in the session, and took 1K profit with me. Thankfully, it was the right move because it took a dump. Decided not to play anything else - waiting on the sidelines right now, jumping site to site looking for nuggets to work with.
|
|
|
|
Post by timber on Sept 10, 2010 15:39:49 GMT -5
where is the wrap tonight  |
|
|
|
Post by sloop on Sept 10, 2010 16:21:08 GMT -5
why dont you do it Timber. lets help Cos. He has a lot on his plate right now.
|
|
: