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Post by brosin on Sept 17, 2010 15:14:05 GMT -5
(Filling in for Cos as he will be out until later) Cosmic was dead on in the poll about opex - seems like most ended opex Friday unhappy as usual. Congrats go to Jack - his birthday ended up being an extra happy one as he is our Road To Opex III Winner!!  The market was up 1.3% this week, but the most significant thing to me was that the S&P made a new 4 month high today (1131.47 vs 1131.23 on 6/21) prior to this Tuesday's FOMC meeting. Should Tuesday arrive before we get higher than that, it has still broken the streak of 2 straight lower FOMC highs. While the past 3 meetings have seen a market high *1* day before the meeting, 2 days before (should today's high not get broken Monday or Tuesday) is still fascinatingly close.  I would also like to thank everyone who participated in the eCard for our friend Dualism and his wife; it is things like this that constantly remind me of how special Fastopia is. This is not just a trading board. 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 tajmahal9898 on Sept 17, 2010 15:17:44 GMT -5
no trades today...
glad closed ARNA position yesterday with a small profit..
CENX was down and I am short...
Off to another casino for poker .. Bay 101 ... anyone joining ?
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Post by demanuel2001 on Sept 17, 2010 15:24:46 GMT -5
Quiet day. As I expected LVS got pinned to the $32 strike but I managed to give away $2k of my $4k potential on the $32 straddle by panicking and buying it back early in the day. Wrote some October $32 puts. Net on the day is flat - maybe down $3k when the mutual funds report.
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Post by sp7015 on Sept 17, 2010 15:28:17 GMT -5
Bought aapl sept $270 calls at $5.25. Missed selling them at $6.90 but ended up selling them at $6.15 on next run up.
Cut my losses from aapl puts in half from yesterday with the above trade.
Bought alot of shares of CRUS.
Bought BOA.
Bought AAPL $260 weekly call for $16. The time premium in them when I bought them was about .50.
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Post by brosin on Sept 17, 2010 15:33:34 GMT -5
As for me... Real Life:Fed Funds Rate held the .21% move and was level overnight. This is a good first step. FAS got yet a little less green today, but #11 is upon me  Fantasy World: Big Cap Growth -1.8% on the day with 1 entry in CLF ($61.85) Scalp Trading +1.2% with realized gains in BP, RIG, CLF, and RIMM - unrealized 1.7% loss on HPQ right now Options Trading -10% on the day, as I had a realized 72% loss playing $113 SPY Sept calls. Holding some short $113 SPY Oct calls which are green for now. Total Net Worth of all the fantasy accounts decreased by 1.3% today, +2.8% since 9/7 inceptions. |
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Post by benvestor on Sept 17, 2010 15:35:16 GMT -5
Bad trading day..
lost about 20%. Greed and stupidity coupled with a slow broker and taking care of a child are just not conducive to making money on options..
but i will try again and learn to stop being greedy and consider all sides of the trade
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Post by timber on Sept 17, 2010 15:39:37 GMT -5
just sitting and watching...shorted some bios oh and vxx short just in case
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Post by Rothschild on Sept 17, 2010 15:42:51 GMT -5
Well another Opex and another day of getting whipsawed. I was down some 500 bucks for the week.
The action appears to be in Greece and Ireland where the CDS are in parabolic mode. Might be time to short the Euro here and cover in the 126/127 area??? Does someone know something? We will see....
Traders, have a wonderful weekend. I hope everyone made a bundle today and hopefully will make even more next week.
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Post by im2buzzi on Sept 17, 2010 15:50:44 GMT -5
Decided to buy some SDS when the market was rising (Dow was at about 22) thinking the market it would go back to the unchanged level. Sold it afterhours for small profit. Shares of SDS seemed to be getting snatched up. I had a limit order in for 500 shares to sell and they all sold at once and then the price continued to go a little higher after that. I have been net short and feel like I need to scalp some each day if I can. Doing OK at that lately.
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Post by Rothschild on Sept 17, 2010 15:56:06 GMT -5
Well another Opex and another day of getting whipsawed. I was down some 500 bucks for the week. The action appears to be in Greece and Ireland where the CDS are in parabolic mode. Might be time to short the Euro here and cover in the 126/127 area??? Does someone know something? We will see.... Traders, have a wonderful weekend. I hope everyone made a bundle today and hopefully will make even more next week.  A wise man once said "flat tops produce market drops." We are over 1120 which is bullish but still unable to crack above 1130s. Id like to see the market pullback a lil bit to the 1100/1115s and then surge into 1250s by election time. ;D |
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Post by ask2lern on Sept 17, 2010 15:57:03 GMT -5
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Post by novice08 on Sept 17, 2010 16:01:06 GMT -5
Another flat day here, but up 2.5% for the week, mostly due to gold/silver and the miners, slw and others. Have a great week-end all and let's hope that next week brings some stronger direction to the UPside. ;D ;D |
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Post by sloop on Sept 17, 2010 16:08:52 GMT -5
BAC is killing me
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Post by trading4dough on Sept 17, 2010 16:47:48 GMT -5
sold 20% of my position at the close for a small net ( +.8%) planning on buying it back on any monday opening pop
averages:
tza 29.42
faz 12.96
spxu 28.35
bgz 13.14
sitting with 58% of portfolio short and 28% longs
added to iwm spy and qqqq oct putz this am
closed out the sept qqqq putz -53%
clearly the other side was the play this week .......... buy the dip worked well
zero gravity in effect and bulls sure kicked the bears around .............. lotsa fun til someone flicks the switch
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Post by papasloth on Sept 17, 2010 16:59:53 GMT -5
No trades today, but the options fairy will be taking some options from under my pillow and leaving me some money over the weekend.
AGNC - Adj. cost per share 27.1057, getting called away at 27.50+.4409 per share, .83 profit per share over the month.
AGNC - Short Sep. 25 puts at .0885 per share, will expire out of the money netting .0885 profit per share.
AGNC - Short Sep. 26 puts at .2385 per share, will expire out of the money netting .2385 profit per share.
HPQ - Short Sep. 38 puts at 1.00 per share, will expire out of the money netting 1.00 profit per share.
HYG - Short Sep. 87 puts at .9853 per share, will expire out of the money netting .9854 profit per share.
HYG - Short Sep. 86 puts at 2.6258 per share, will expire out of the money netting 2.6258 profit per share.
JNK - Short Sep. 39 puts at 2.2925 per share, will expire out of the money netting 2.2925 profit per share.
Still holding:
HPQ - Short Oct. 39 puts, sold for .9814 per share, currently trading at 1.16 per share, currently down .18 per share.
HPQ - Short Oct. 38 puts, sold for 1.2325 per share, currently trading at .66 per share, currently up .5725 per share.
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Post by ask2lern on Sept 17, 2010 18:00:00 GMT -5
Well pretty boring day  ........I was not around much as I suspected it was an uneventful day.....................I added to SPY OCT 112 Puts and SDS early in the day................otherwise no changes........................posted contest winners in a separate message be sure to take a peak.................Exalt for Cos (will give later the Birthday Boy got my last on)....................Live to trade another day................Hope everyone has a nice weekend............GLTA Forgot to add that my SPY 111 PUTS lost 100%................  |
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Post by exabi on Sept 17, 2010 18:59:17 GMT -5
Got shanked (actually just pricked) on my whopping 2 ARNA JAN $1 Calls. Little HTS made some nice gains, and the b*tch PCX is being just that. Softened on that one selling SEP 12 calls for .13 a few days ago, still UW about $.50. Still about 80% cash.
Saw that KBK made an appearance on the bd, sent him a PM and he replied he is hanging in OK.
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Post by tajmahal9898 on Sept 17, 2010 22:24:03 GMT -5
Just got back... forgot to mention that lost 100% CTIC Sep 1 call that I wrote couple of months ago.. lost 8K on that one...
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Post by Rich on Sept 17, 2010 22:27:53 GMT -5
ouch, Taj.
I think next week we will all do better.
I hope.
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Post by tajmahal9898 on Sept 17, 2010 22:40:11 GMT -5
ouch, Taj. I think next week we will all do better. I hope. Thanks Rich... CTIC calls were dead once the approval was denied couple of months ago, since then they had no premium left.. I will wait for a week and then I will start active trading again.. had a very quiet month ... On 15th of every month, i take out a pre defined amount from the day trading account to a conservative account and for the second time since Feb 2009 I had a negative cash flow i.e. realized profits were less than pre defined amount.. First time it happened in Jan 2010, when I was about to retire from day trading..... Let's see what's in store for us in Oct.. GYTLA.. |
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Post by timber on Sept 18, 2010 7:16:38 GMT -5
Well another Opex and another day of getting whipsawed. I was down some 500 bucks for the week. The action appears to be in Greece and Ireland where the CDS are in parabolic mode. Might be time to short the Euro here and cover in the 126/127 area??? Does someone know something? We will see.... Traders, have a wonderful weekend. I hope everyone made a bundle today and hopefully will make even more next week. who would that wise man be then....oscar perhaps |
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Post by cosmic on Sept 19, 2010 20:50:08 GMT -5
Hope everyone made some money today and will do so tomorrow. Thanks Bros for the Wrap But I would be remiss not to rib you briefly as you've done to me in the past with weekends ;D |
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Post by Rich on Sept 19, 2010 20:52:45 GMT -5
He also asked for the RDA of smileys.
Stellar performance, I must say.
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........I was not around much as I suspected it was an uneventful day.....................I added to SPY OCT 112 Puts and SDS early in the day................otherwise no changes........................posted contest winners in a separate message be sure to take a peak.................Exalt for Cos (will give later the Birthday Boy got my last on)....................Live to trade another day................Hope everyone has a nice weekend............GLTA
