Disqus - Friends of malusDiaz

Re: Answering questions......

katzo7 — Tue, 28 Oct 2008 19:54:24 -0000

Hi,
In trading calls/puts I have recently found out how the IV affects performance. At this time when the VIX is high, is it best to stay completely from options?
Thanks.

Re: Answering questions......

katzo7 — Tue, 28 Oct 2008 21:31:09 -0000

Thanks Winace.
So buying in the money calls if one feels market will go up is the way to go, even though they are more expensive. You balance that with selling a ATM call, correct of same money value? Is this called a straddle?
So, in general, would you say that during a rising VIX, out of the money options perform best (not knowing much about this, i actually did very well a month ago) and during a falling VIX (we are there now I think) in the money options perform best?
I always thought you were treated harshly on one blog in particular.

Re: Answering questions......

katzo7 — Wed, 29 Oct 2008 05:44:17 -0000

HI Again,
Do you think this rally is the beginning of something lasting or another up run n a bear market? ANd if this is a fake out, I suppose that hedging with some puts would be the thing to do. Any comment on what your thoughts are?

Re: Test

katzo7 — Tue, 18 Nov 2008 05:51:01 -0000

greenie,
Yeah 20 points drop in no time. Seems like Atilla's bearish calls are working much better than his bullish calls.
*********************************************
It is extremely hard to call a bottom. Atilla did it a couple of times (and got it correct, broken candles, remember?) recently but these bottoms perhaps will not hold. A true bottom may be still in the future.
Same thing happens at tops. Bottoms can only be seen in hind sight.

Re: Test

katzo7 — Tue, 18 Nov 2008 06:23:59 -0000

BIDU was down 42 points? Why didn't I short that sucker. I mentioned it yesterday and am kicking myself.

Re: Test

katzo7 — Tue, 18 Nov 2008 06:29:26 -0000

Do not assume anything until the market proves your assumption correct. Use trend channel breakouts to position your trades, but even these are not working well now. Nothing is working in this market, indicators, etc. We may break through recent lows and establish a new bottom.

Re: Test

katzo7 — Tue, 18 Nov 2008 07:21:20 -0000

Sal,
Now there is a concrete email address attached to the posting. Completely traceable.

Re: Test

katzo7 — Tue, 18 Nov 2008 08:14:08 -0000

Some gaps get filled immediately, some take a while to fill. Rhett, draw some channels on charts and watch.

Re: Test

katzo7 — Tue, 18 Nov 2008 08:56:49 -0000

Art Cashin just said, which makes sense, each bounce off the last lows rallied less and less. So is basically he's saying lower low ahead.

Re: Test

katzo7 — Tue, 18 Nov 2008 09:21:45 -0000

My name is katzo 7. It was katzo 7 before. It will be katzo 0 if I get this call wrong. lol

Re: Test

katzo7 — Tue, 18 Nov 2008 09:33:28 -0000

today or in future?

Re: Test

katzo7 — Tue, 18 Nov 2008 09:41:22 -0000

no way, dhw. any rally gets sold.

Re: Test

katzo7 — Tue, 18 Nov 2008 09:44:08 -0000

I just went short sso.

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 09:51:20 -0000

elevator down.

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 09:59:28 -0000

i saw that Abe.

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 10:01:37 -0000

here we go, down, down, down.

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 10:08:56 -0000

Abe, see that nice clean trend line on the 1 minute?

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 10:15:28 -0000

final plunge ST.

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 10:19:15 -0000

should go down now.

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 11:26:41 -0000

Wow, that greenie really can play the market!

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 11:36:46 -0000

It has touched my SSO trend line on the 5 minute three times and is about to touch a forth?
Any comments?

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 11:38:22 -0000

It just broke through!

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 11:53:30 -0000

Strong resistance right here, let's see if we break through.

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 15:29:32 -0000

OMG, there are three of you?

Re: short TF above 454

katzo7 — Tue, 18 Nov 2008 15:35:38 -0000

Volume on down move seems like it is picking up nicely.