Cosmic's MarketPlace Wrap - 3/22/2011

[cosmic]

Or... 3/22/11 in other date format. Sounds like a key date lol.

Ah well the SPY option chain tells the story of today - strong whiffle across the board. The call side got hit much harder than the put side today implying a downward bias. However theta is increasing quickly on the weeklies so it really just feels like an end-run to Friday. I can't even imagine heavy action either way - maybe this type of thing to the upside tomorrow... then back down Thursday, always closing right around here. Not sure why this is a sweet spot but it's setting up to be.

I traded out of some SPY puts after having stops taken out. It also turns out that was the LOD for the 130 strike, so I guess I was just another dipshit with his stop set right below the 'Moron Round Numbertard Mark' of $1 and got whacked. Ah well I should have set it at .98? lol

I didn't re-add anything today but did clear 3 mutuals in one account and 2 in another, leaving a few but for the most part large on cash. Among the sells were FIIAX, ITHAX, NYVCX.

Hope everyone made some money today and will do so tomorrow. Members, please post your results along with your RDA of smilies!

[Clinton SPX]

No trades but I like what I see
MXC +10.3%
BCOND +4.7%

[demanuel2001]

No trades today - just missed pulling the trigger on selling back some LVS. Overall a modest down day. Down about 1% of portfolio value for the day.

[timber]

had a great day with oil and walgreens

[kbk3ck]

Didnt buy or sell. ERX was flat. FAS down a smidge .6% and SOXL down about 2.3%
But my GLNG tiny little 3 contracts was up another 2.7% today. Thats $320 profit on a $1600 investment in just a few days. Iz be liken that stuff alot!!!!!

[kbk3ck]

Oh, also I see todays sideways action as a clear sign that buyers will be saying "Ok, coast is clear!!"

[maxi]

Bought some LVS.. The kind of buy that I can hold for a few years if I had to.. I want to sell it at 108......

[maxi]

Did u guys know that LVS ipo'd at 29? it is 38 today.

[davetherave]

Sold portion of EXK at 9.52. Down to 50% of total (long at 7).

FYI I liked the action in LULU today. Will probably add on strength. Also, KOG held all of it's 6% gain from yesterday.

Long KOG, NGD, LULU, EXK

[brosin]

Mar 22, 2011 18:44:47 GMT -5 maxi said:

Did u guys know that LVS ipo'd at 29? it is 38 today.

lol just found this article - pretty cool although i'm not sure how to make the calcs since they went IPO for 24M shares / $690M - now there's 725M shares and they are $28B large!

www.bestlasvegashotels.info/news/las-vegas-sands-corp-is-ipo-of-the-year.html

[yjfang]

Sold LVS April $40 Calls against long shares on Monday for $1.12 premium. Insignificant shares at this point. Use me as a contrarian. As soon as I capitulated on LVS on Friday, it shoots up on Monday.

Sold FAS March 25th $30 Puts today for 0.90 premium. Happy to keep the cash and have the shares put to me this Friday or not. If shares are put to me, will look to sell covered calls expiring next Friday.

As much as I like LVS and wish the company well, I am going to get back to writing options on sector/index ETFs (3x variety are fine since they won't let you use margin and you won't get into too much trouble.)

[brosin]

FFR was bearish to .14% from .15% putting it out of 'deployment on risk' levels after a 1 day stand there and back into 'stink bid watch' levels

My FAZ unlost a bit

monopoly world - was a down day by a couple percent mainly due to my LNG short; only move

buys:
(to cover all) HK @ $21.45 / +1.3% on a standard 1x short position

i remain 100% short