Thursday, September 18, 2008

long SPY 125 September calls @ 0.5

not a big position, just gambling... i do this every opex day instead of going to vegas

also XLF daily showing a breakout

19 comments by xTrenders :

IC said...

Got back from my meeting. I believe this was a short covering rally, and as thus should fade into the close. We will see.

admin said...

we are going to rally into the close i think

boys holding shit load of calls, they wanna get the best prices to exercise

IC said...

Hey Sol;
Can I be the guy you fade? I would be honored.

admin said...

then faded away !!!! lolllllll

admin said...

ooohhh god, they unloaded on me

admin said...

my calllssssssss

IC said...

On a serious note look at one of my favorite barometers: SUSQ. Rallied at the open to 52 week high, and now already down; and it can't be shorted today. That is the future of everything soon. I think the weak shorts have covered, and the retail does not have the money and is too scared from the recent plunges to go into the market now.

bubb said...

lol those poor calls, what did they ever do to anybody to deserve this

IC said...

Come on PPT save Sol's calls. Come on Hanky you can do it, put your mind and power to it!!!

admin said...

i dumped from 0.35 already

admin said...

if i boughtt puts there , i woudda tripled

IC said...

Forget it Hank, let the plunge continue!! Sitting on cash can be so boring!!! I am going to go pay bills that I neglected this week. Have a great weekend everybody!! Sol I really appreciate that post to cover yesterday; I was really busy, but dropped it all and got out; cost me some profit, but better than I would have been today.

Anonymous said...

"Come on PPT save Sol's calls. Come on Hanky you can do it, put your mind and power to it!!!"

And our tax money to it!

admin said...

you welcome, have a great one

IC said...

Hey Hank, I said forget it, Sol is out!!

bubb said...

Yeah thanks for keeping up with posting during a stressful week. Congrats on some excellent days and enjoy the weekend.

admin said...

My pleasure, take care

BH_Trade said...

IWM was on crack today - one would think the short sale rule applied to the R2k. It has always been a bear hangout but I suspect more than a few of those pushed the exit button today.

dougs charts said...

Speculative forcast for the next ten days
dji to 12500
ndx to 1900
spx to 1375
The quarterly statements will not look so bad and the fed will have bought some time. We chop into election and then the selling will start again.
Am I crazy?????

Sheez, I didn't have any 10% gainers on Friday so I feel like a loser after looking at soooo many that did...