Disqus - Latest Comments for OptionStars

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 15:32:46 -0000

you see FIG today?

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:57:52 -0000

front month this close to expiration, you better have some conviction or one or two day outlook to go front month. our conviction was high until these extreme conditions started popping up the last two days that we haven't seen before and aren't too sure the best way to trade them.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:53:19 -0000

good work

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:47:20 -0000

we went with the 92's because it gave us an even contract purchase for the amount of capital we wanted to risk.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:44:25 -0000

like we said, can't go wrong, whether you think 935 or 955, only 35 max upside to lots of downside. now that would be for a swing/position trade and not daytrading. i think we said earlier we were in May on SPY but we meant June. May on OIH. we went in June because of the uncertainty and it gives us more wiggle room, since we wont get stopped out on a run up to 935

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:40:49 -0000

you know our response to that, we are in June by the way on SPY

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:37:06 -0000

never seen anything like this before in the system trades, it's going to break soon. just don't want to be the boy who cried wolf and keep alerting puts everyday till it finally works. we'll be adding more if we close stronger. right now you have about 35 points of upside to ? downside.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:28:43 -0000

no way!

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:11:49 -0000

could be, as long as they want to keep taking this straight up, i'll let those 84 calls keep gaining, wont help the puts out but, oh well.
Russell/Nasdaq weakness can be taken either way, either the S&P 500 gets weak into close or they start to participate and we rocket higher. for some reason i don't see us closing stronger today, but i've been wrong two days in a row into close. third times a charm? OIH puts are holding their gains, up almost 10% on em.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:05:04 -0000

still like my 92s and OIH's today, we'll see how we close

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 14:04:03 -0000

$958.18 is the 200 day moving average right now, would put SPY right around $96 probably

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 13:24:12 -0000

call buying on financials is insane today, sentiment up 6,220% from yesterday.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 13:05:21 -0000

it's amazing, it's really the only thing holding up, NASDAQ down, Russell down, financials are up big but they aren't weighted as high anymore. if oil breaks this comes down fast, and that's a big if.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 12:55:17 -0000

100's have a little more liquidity, energy names are going crazy today, technically oil broke out with a print above $56, we always like to play the possibility of a false break out.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 12:34:02 -0000

i know a couple of the elliott wave guys have 935 area. we haven't seen this kind of over-extension before. we've been having equities alerting all day on our most extreme cases that we haven't seen enough to really know how to time it. Just added some OIH puts. Will wait and see how we close to get big.

NYSE bullish percent index at highest levels since early 2007.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 12:19:10 -0000

SPY puts bought to open on ISE up over 100% right now from yesterday, crazy. maybe we need to see a huge amount of bullishness there before we top out.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 12:08:42 -0000

P&F chart showing XLF up against downtrend line, close above $12.50 breaks it and above $13 confirms it.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 11:45:10 -0000

seems like every time they announce BAC or C needs more capital, financials rally. all though i'm biased on the bearish side, i think the financials will be down regardless. i think they are setting this up to offer stock/dilution to raise capital. BAC can get a lot more money if their stock is $12 than $5. coin flip at this point. hell, as long as oil keeps going up, the market will keep rising. energy is so heavily weighted now on the index.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 11:03:05 -0000

keep an eye on OIH, OXY, SLB and XTO setting up pretty good around here also FCX

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 10:59:30 -0000

honestly we don't like trading within the first hour of open, but we had 915 as a target so we had to get in. looks like oils going to stay up so as long as energy keeps creeping higher, the market should too.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 10:46:53 -0000

92's today, and i didn't mean any disrespect, we just thought the open was a great shorting opportunity and you were wanting to load up on puts but didn't, the toughest trade is always after a couple losing trades in a row, but if you stick to your disciplines you will come out on top. for our sake i hope you will be kicking yourself, but like you said, it is crazy and really anything can and will happen. see the movement on CAT today, that's why we don't use stops within the first hour of open. low trade of 1.26 bid currently 2.33

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 10:18:05 -0000

Russell 2000 just went negative

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 10:14:03 -0000

no position is definitely a trade itself, though you can't be afraid to make a trade especially after a bad streak. Shorting this open in our opinion was layup, but we had 915 as a large short entry area, if it didn't line up with your target then good trade. If oil slips at all we could end the day negative.

Re: Tuesday Recap

OptionStars — Wed, 06 May 2009 10:01:54 -0000

it's been crazy, position wise, it's not enough to offset our loses this hit, but makes it a lot less painful, got our 915 target and you bet we loaded up some more puts, May 92. we've learned not to get excited about futures but when they were down over 10 points last night we thought for a minute we might have a down day.

Re: +JNJQK JNJ May 55 Put Limit: $1.35

OptionStars — Tue, 05 May 2009 17:51:08 -0000

hopefully you sold us those puts today then. care to disclose any of your positions?