Disqus - Latest Comments for Modab

Re: A Fat-Tail In The Distribution Of Wealth?

Modab — Tue, 05 Mar 2013 16:14:18 -0000

Not the Case Moo... crazy running my biz during market hours but I peep in from time to time. Your posts are very valuable to me and I am sure others. Usually keeps me out of trouble and offer great insight.

For what its worth, I will try to post more often and offer my 2cents.

Glad to see you had a great day!!!!

PS... I am thinking we see a major top forming soon.... not sure how long it takes and high much higher we go, (if any at all),.. but with the VIX at $13.50.... put plays can make a lot of $$$$

Have a beautiful day!!!

Re: Lines In The Sand

Modab — Fri, 01 Mar 2013 10:48:58 -0000

Great calls and trading Moo. Very impressive!!!!

Wish you and all others a beautiful weekend.

Re: Lines In The Sand

Modab — Thu, 28 Feb 2013 13:43:33 -0000

LONG NVDA $13 calls exp tomorrow for .02. risk is small... but I like the odds above $12.85 Only got filled on 1/2 the order

Re: Lines In The Sand

Modab — Thu, 28 Feb 2013 12:31:35 -0000

Thanks Moo... anytime that works for you...and I am most grateful... appreciate the quick response!!

Re: Lines In The Sand

Modab — Thu, 28 Feb 2013 12:15:11 -0000

Have been Eyeing ZNGA for the last few weeks and it looks like it is getting ready for a good sized move. A lot of volume on it recently. A lot of volume occurred down in the $3 level as shares exchanged hands from seller to buyers and I believe the buyers are in control and first stop is filling the gap at $5.
I picked up the march $4 calls for a dime.... will add to my position once I think it is starting to make the move I anticipate.

Moo, (and others), I would also love to hear your viewpoint on this one. Good or Bad

THANKS

Re: Lines In The Sand

Modab — Thu, 28 Feb 2013 11:21:58 -0000

Got out of the spy puts this morning as ES held 1514 area. Month end today and first few days of march are historically strong. Bigger potential of short squeeze above 1520 and 1524 and a lot of buyers left behind below.

Took a loss and in cash. Waiting for next opportunity.

Most likely I think we see chop today.... News pending.

Good luck out there

Re: Lines In The Sand

Modab — Wed, 27 Feb 2013 13:48:31 -0000

Sold my PCLN Butterfly for a loss at .30 Paid .85 and it was a tiny position.. no harm no foul.

Moo, thanks for the nice research memo you sent to me.

Market looking like it wants higher and looks like a potential trend day.

I started a short IWM and SPY position up here and will add to it at close or possibly tomorrow AM. I think we see a retest of the lows or maybe lower...

ES above 1524 or so has me out of the trade.

Re: Lines In The Sand

Modab — Mon, 25 Feb 2013 16:12:22 -0000

I put on a butterfly a couple weeks ago... 620/635/650

Sure would be nice for it to hit.....

Have a great day Moo.. great trading day

Re: bluechip bulldog

Modab — Wed, 20 Feb 2013 17:12:33 -0000

Thanks Moo. appreciate the concern and guidance.

Tough day for me as I came into the day heavy short and cut positions before the dentist early this AM... I have been singing the "coulda woulda shoulda" anthem durring the last hour of the day....

Good news is that my teeth are white and pretty.

Tomorrow is a new day!!!

Re: bluechip bulldog

Modab — Wed, 20 Feb 2013 13:17:48 -0000

Moo and balance of traders here.... Any thoughts on RMBS?

Took a spec long call just a little bit ago. March $7 calls for .06. Above 6.25 and this can make a big move.

Been playing RMBS for over 15 years and it can move big. The options looked cheap in my mind.

Thanks

Re: bluechip bulldog

Modab — Wed, 20 Feb 2013 13:10:25 -0000

Long SINA weekly 60 calls for .21 cents. Above 58 and it may continue. A little help by the overall market would be nice.

Re: bluechip bulldog: Disqus Not Retaining Comments

Modab — Fri, 15 Feb 2013 16:12:02 -0000

Picked up a PCLN butterfly for March EXP

620/635/650 cost was .85 cents.

a tad rich but getting filled was tough. This is my Vegas play :)

Re: bluechip bulldog: Disqus Not Retaining Comments

Modab — Fri, 15 Feb 2013 15:27:39 -0000

Great Trading Moo

Re: bluechip bulldog: Disqus Not Retaining Comments

Modab — Fri, 15 Feb 2013 10:39:19 -0000

Hi Moo. Any thoughts on a butterfly on this?

Was thinking 610-620-630 or 600-620-640

I would appreciate your input. Thanks.

Re: bluechip bulldog: Disqus Not Retaining Comments

Modab — Fri, 15 Feb 2013 10:32:40 -0000

Good morning to you all.

Out of BBRY puts from yesterday at small loss. A little longer patience and I would have made $$&

Out of today puts expiration. Small loss

Sold 70% of my USO puts and holding the rest for free

Holding other puts for 2-4 weeks out.

Feels to me that we do have a pullback coming but very defensive here for now.

Good trading and happy Friday.

Re: bluechip bulldog: Disqus Not Retaining Comments

Modab — Thu, 14 Feb 2013 14:34:31 -0000

BBRY Below 14.50 can bring fireworks.

Re: bluechip bulldog: Disqus Not Retaining Comments

Modab — Thu, 14 Feb 2013 14:10:56 -0000

I am in with you both... sitting up against the hourly 20SMA.

Re: bluechip bulldog: Disqus Not Retaining Comments

Modab — Thu, 14 Feb 2013 13:35:56 -0000

FWIW ES back below 1516.50 could stir up more selling....

Stopped at 1519.75. lost 1 point... sitting back now
Back in again at 1519.25. could not resist myself. stop just above high again. Very tiny position. only 250 contracts traded at the high. Selling dried up IMO

I am flat the ES at break even. Holding the puts for tomorrow and 2 weeks out. I am out for lunch appointment GL

Thats the IB high... TF and NQ are much further away from their IB high

ADV/DEC almost even and can swing in either direction.

Re: bluechip bulldog: Disqus Not Retaining Comments

Modab — Thu, 14 Feb 2013 13:33:11 -0000

Short ES at 1518.75 Looks like potential Double Top. Stop break at new highs

Took a couple tiny lottos for overnight. IWM puts and TZA calls. small small risk there... just in case we reverse again

Picked up a few SPY 150 puts 2 weeks and USO 35 PUTS MArch. Less than 10% invested here on the short side.... may go higher....and I will adjust... but gut and techs telling me we are close to the end. Selling may start after OPEX.

GOOD LUCK

Re: bluechip bulldog: Bobbing For AAPLs on Wednesdays

Modab — Thu, 14 Feb 2013 11:36:22 -0000

Flat my FB calls here from yesterday. Market acting tired to me and feels like topping out.

Thinking we close decent into OPex but next week/month will be down.

Only time will tell and if it acts accordingly, will start to look for short set ups.

Good luck to all today and thanks Ash!!!

Re: bluechip bulldog: Bobbing For AAPLs on Wednesdays

Modab — Wed, 13 Feb 2013 15:16:18 -0000

I am long with you Ash. I think it looks good as well

Re: A Slow Volatile Transfer of Demand to Supply

Modab — Sun, 10 Feb 2013 19:27:43 -0000

I tried trading PCLN Options on Friday and was one of the worst experiences in 20 years. Not liquid, huge spreads and the only way to really get in and out is to hit the bid and ask and they are usually very far apart. However, with that said... thee will most likely be a lot of activity during earnings.. so that may be a more liquid time.

Re: /ES Price Change Distributions & Their Extremes

Modab — Thu, 07 Feb 2013 10:30:54 -0000

Covering my outs from overnight here. Was a bumpy ride but thankful I got this opp.

Moo, thanks fir the not on GS. Picked up a small put position near the top for next week. Gonna take a break and be thankful for the slide today. I did not want to see ES make new highs.

Have a great day to you all.

Re: /ES Price Change Distributions & Their Extremes

Modab — Wed, 06 Feb 2013 17:01:53 -0000

Tough day to trade in my opinion... and unfortunately I ended down at the close. Looked like it had the potential... but could not sell off. I Held onto my spy puts overnight... not liking that I am holding a loser but well see what tomorrow brings. flat on the ES at the close. lost -3 on ES today and very close to my cost avg on the SPY puts going into tomorrow.

The set up was nice for a potential free fall but the buyers held it up and closed it strong. did not play out as I thought.

Have a great night!!

Re: /ES Price Change Distributions & Their Extremes

Modab — Wed, 06 Feb 2013 13:22:48 -0000

Hi Moo. I like your thinking. Ill look at it when I can. From your posted chart, it looks like a lot of volume taking place down here. Buyers are active here in my opinion and if it can get some legs, can auction back up.