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4 unique view(s)

November 18th, 2011

November 18th, 2011 8:35:00 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Added a few 205x calls at $3.40 on AMZN at 201 as well.  AMZN's right at 200-day SMA, seems to be good support around here and should at least bounce by next week.
4 unique view(s)

November 17th, 2011

November 17th, 2011 8:37:36 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
123-123.5 range on SPY another floor it seems.  Cashed out on puts (+100%) and loaded more on calls.

GMCR calls also up almost 100%.
November 17th, 2011 11:25:51 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Bah, stopped out of SPY after 123 broke.  Gotta not sell off my puts completely and break my straddle. Going to reset at end of day before close (equal put/calls) on next week's options.
4 unique view(s)

November 16th, 2011

November 16th, 2011 12:25:21 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Let go of the puts this morning.  Seems like we're just channeling and gapping down each morning.  Will pick up a few puts to hedge the calls again at end of day.
 
 
 
Also picked up GMCR calls this morning.  They seem to easily jump >100% in either direction so I'll pick up puts to hedge when we get closer to end of day (hopefully cheaper).
November 16th, 2011 1:13:20 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Meh, got my puts on both positions at about equal price to calls - wanted to squeeze it a little cheaper but oh well.

SPY is getting tighter in the week's wedge.  Personally think we'll break to the upside of it to get that EOY rally, but we'll see.  Whichever way we break should be strong so I'll stick straddles for now.
November 16th, 2011 2:26:57 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Ok I couldn't help myself.  Added a few more calls below SPY 124 - it just looked so cheap at the bottom of the daily wedge. Tongue

Still have enough puts that if we do gap down and start selling heavily, it'll more than make up for the SPY calls.
4 unique view(s)

November 15th, 2011

November 15th, 2011 9:19:12 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Opened up puts again near the middle of this morning's range to create a straddle w/ my existing calls.  Flat day so far but expecting a stronger move once we break consolidation.
November 15th, 2011 12:21:13 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Testing 126.5 now.  If it breaks, I'll probably drop my puts and just ride the calls.

Picked up more calls at 125 - looked like a similar floor to 123.  If you look at the daily chart, today's move seems to just be pullback on the way to the resist line near 126.5

Keeping just a few calls after close though and selling most of it.  I'd prefer to wait for us to get to another major resist/support on daily and go straddle from there (opp for 100%+ in options either direction).
4 unique view(s)

November 14th, 2011

November 14th, 2011 1:48:58 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Picked up more calls at 125 - looked like a similar floor to 123.  If you look at the daily chart, today's move seems to just be pullback on the way to the resist line near 126.5

Keeping just a few calls after close though and selling most of it.  I'd prefer to wait for us to get to another major resist/support on daily and go straddle from there (opp for 100%+ in options either direction).
4 unique view(s)

November 10th, 2011

November 10th, 2011 10:12:52 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Picked up SPY 125x calls at 123.0.  SPY is up past 124.20.

Looking at pullbacks near open and then 125, 126 resistance.
4 unique view(s)

November 9th, 2011

November 9th, 2011 7:38:10 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Gap down to 124.7-ish.  Thinking we bounce here.  Picked up 125x SPY calls at 1.15
November 9th, 2011 12:58:57 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
^ The 125 calls went from $1.15 to $1.45 during the morning.  Had a limit at $1.40

Missed most of the action after 8am in class though.  Right now just watching the wedge at end of day:


My gut says we bounce upwards where the lines cross, but if you want to hold overnight, I'd go for a straddle (buy both calls/puts).  We did just break some strong support lines - expecting a lot more volatility tomorrow.
4 unique view(s)

November 8th, 2011

November 8th, 2011 1:37:42 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Got in calls this morning when SPY was at 126.  Sorry for inactivity a bit - got like 3 exams this week so I haven't been trading too actively.

SPY at 127.90 now Smiley Calls up 60% (bought at $1, now at $1.60)
4 unique view(s)

November 3rd, 2011

November 3rd, 2011 9:14:07 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Just another up day so far.  Gotta stop watching the market after close.  These other indicators are confusing my outlook.

Watching what happens at close today.  Another flip with Greece - referendum now called off again.
Depending how this week ends, maybe we'll stick to the overall up in Q4 and not bother with another dip.  It could be that the dip earlier in the week was sufficient to form the right inverse shoulder.
November 3rd, 2011 10:58:32 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
SPY calls/puts straddle from Tuesday would've netted 75% if anyone picked up on them (Asee).

SPY 125x call -> .6 to $1.60 now (+166%)
SPY 121x put -> $1.1 to $.06 now (-95%)
November 3rd, 2011 11:11:14 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Yeah, going back to the outlook I had at the start of the week.  Overall bullish for Q4 and bearish for 2012.  Resistances at SPY 130 and 135 (possible turning points for when we turn bearish).

Sigh - need to stop changing my outlook based on intraday movements.
November 3rd, 2011 1:02:12 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
126 resistance broken on SPY.  Those 125x calls would've returned 300% if you sold today - maybe even higher if we continue up tomorrow.

Sigh
4 unique view(s)

November 2nd, 2011

November 2nd, 2011 2:24:53 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Nice bounce today, almost 200 points on DOW.  I'm expecting we'll see another day or two of continuation before coming back down again.

Going into December, I'm mainly watching this inverse H&S formation on FAS.  I realize FAS is not a market indicator, but I notice that it's generally been easier for me to gauge the market using it.  Maybe it smoothes out some of the more extreme fluctuations or something.


^Basically what I said about a couple more days or so of uptrend, then a pullback further for the right inverse shoulder (the 3rd dip in the W) before we go up more strongly.

For the longer term, I'm still thinking we'll be up overall in Q4 before we seriously head down in 2012.  If the chart above holds the next few weeks, it should confirm that.

Edit: Just keeping an eye on currencies here - we might go into that third dip sooner without more uptrend, so I'd watch for an entry on the short side rather than try to time the bounce.
4 unique view(s)

November 1st, 2011

November 1st, 2011 6:39:56 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Get in chat if you're trading:
https://www.pftq.com/forums/chat/
November 1st, 2011 10:51:35 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Nice set up for a straddle today.  For Asee's reference if he actually played this:
SPY 125 calls at $.60 -> Currently $.85
SPY 121 puts at $1.10 -> Currently $.8

Right now, markets just broke upwards so it's a good thing you didn't go full puts like you wanted to.
November 1st, 2011 1:13:37 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Summary of today: Greece has a referendum, then takes it back, then says it's still on, and I'm betting after hours they took it back again, judging by the huge AH price increases on SPY.

Picked up a bunch of calls at cheap prices, some 125x at .6 and some 129x at .07.  Have some puts at 121x to hedge.  Still thinking that these couple weeks are overall bullish... unless Greece does something stupid again.
November 1st, 2011 1:27:21 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
JDSU also back spiking above $12 after hours.  Got into Nov calls at $.30 -  Pretty darn risky for holding into earnings but I'm glad I did - looking forward to tomorrow. Smiley
November 1st, 2011 6:37:47 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Watching AUD/USD here; it usually correlates w/ the market.  Right now it is setting up a nice double bottom, so if that holds, it'll confirm us having a nice bounce upwards in the market tomorrow.  However, downward resistance is pretty near so as of right now, it would still just be a bounce.



But maybe they'll convince Greece not to have that referendum and then we'll break out of the downtrend so that we go green for the holidays - who knows?

Makes perfect sense so far:
- Euro deal passes = 400 pt rally
- Greece referendum = 300pt drop
- Undo referendum = Market rallies
- Redo referendum = Market back to daily low.
- Greece "politically stable" by supporting referendum = Risk currencies (market) bounces back up. O_o
4 unique view(s)

October 30th, 2011

October 30th, 2011 10:49:58 AM PST
Posted by Asee | #
Asee (Guest) says in Stocks Daily Discussion...
Hey,
Where do I go to sign up for option?
Is it done thru Command Center or the site page?
October 30th, 2011 12:56:02 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Though the site.  Home tab > My Profile > Option Trading (Enable).
 
Get Tier 2 at least so you can buy calls and puts - up to you if you want margin (being able to borrow to buy/sell more money than you actually have).
October 30th, 2011 2:31:56 PM PST
Posted by Asee | #
Asee (Guest) says in Stocks Daily Discussion...
For some reason, it is not allowing me to submit my application.
What did you put?
October 30th, 2011 2:58:37 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
I remember getting an error once - try relogging in, could just be a bug.
5 unique view(s)

October 29th, 2011

October 30th, 2011 1:48:38 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Added a new chatroom to the site:
https://www.pftq.com/forums/chat/ (there's a link to it on the Forum, upper left)

Those of us trading in the mornings can meet there using the pftq.com accounts to login, since Asee apparently has so much trouble logging into AIM. Tongue
5 unique view(s)

October 28th, 2011

October 28th, 2011 7:25:49 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Support at 128 for SPY and rest of market.  Should bounce here at least (if not end pullback).  Calls on AMZN, JDSU, etc look very nice if you want to enter.  Just careful about the weekend but a strong close should help.

Going to stick with my original plan from last week that the quarter overall is bullish while 2012 we start to dip again.



Personally in BAC Oct.28 calls at $.15 and JDSU Nov calls at $.30 right now. Smiley
6 unique view(s)

October 25th, 2011

October 25th, 2011 8:44:18 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Entered puts on SPY on its bounce to 124.50 this morning.  Will exit if we don't see lower lows below 123.80 today.
October 25th, 2011 1:52:49 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
JCOF earnings up 1400%
http://finance.yahoo.com/news/AL-International-JCOF-prnews-3003466319.html?x=0&.v=1

Posted this one last week - was almost considering getting out of this one because of low volume, but we'll see how it reacts tomorrow.
6 unique view(s)

October 21st, 2011

October 21st, 2011 8:19:16 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Looking at yesterday's uptrend as support here.  If they break that, I'll go short, but I don't plan on holding over the weekend because the uncertainty with Europe.
October 21st, 2011 10:36:36 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Downward break on support.  Same lines as before, but as resistance instead of support.  I plan to get into puts if we put second low to confirm (lower than the first).



A lot of regions for support though, so I'm just playing this for intraday.
6 unique view(s)

October 20th, 2011

October 20th, 2011 11:23:14 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Watching a potential inverse head-and-shoulders here.  That said, even if it occurs, we have strong resistance in the 123.20 area, so I'm not expecting the uptrend to last more than a day (unless the EUR crisis of solved or something).
6 unique view(s)

October 19th, 2011

October 19th, 2011 8:13:18 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Watching these lines here for the S&P.  Wedges getting broken on the upside.  The real test will be the 1230 ceiling (123 area on SPY).



Thinking of going into puts on the next retest of highs.
October 19th, 2011 11:27:30 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Picked up a few puts at the test on highs, then more on the 122 break.  We have a lot of support levels to fall through though, so I'll add more when I see the momentum pick up (if it does).
7 unique view(s)

October 18th, 2011

October 18th, 2011 8:05:05 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
JCOF rising on rumors of earnings 10/25.
JCOF at $.60
JCOF
October 18th, 2011 10:40:32 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
IGC breaking out above $.30
IGC
7 unique view(s)

October 17th, 2011

October 17th, 2011 7:37:26 AM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Looks like no break of the August channel.  Back to shorting FAS at $12.
October 17th, 2011 1:38:30 PM PST
Posted by pftq | #
pftq (Official) says in Stocks Daily Discussion...
Nice 250 pt drop today but longer term still seems bullish (MACD upwards etc).  Planning to get out tomorrow incase AAPL earnings move us back in the other direction; will re-evaluate at that point then.