Cobra's Market View

25th Anniversary coming up on Monday... 3rd Monday of October. http://en.wikipedia.org/wiki/Black_Monday_(1987) It was the 3rd Monday of the month, but I think most everybody associated with it remembers the date of October 19, which is next Friday. That is when you will see all of the news stories...

Just saw this quote (from Paul Tudor) a few days ago as I was flipping through my copy of "Market Wizards". For those looking at book lists earlier in the week this is definitely a good one. Easy reading with lots of distilled trading wisdom from people who have taken a lot of money from t...

Unique situation with SPY weekly options--the strikes are determined the previous week, and the large move down means that the lowest available strike expiring today is the 121. Usually the professionals are sellers of premium, both puts and calls, and then try to peg the close to the number that mo...

Chicago area---30 miles from MichiganOcean. And my friends are thankful there are not too many of us! I used to live in Chicago North in the Broadway area.Its been quite a few years ago .Have you been in that area. Not real familiar with anything too far from Wrigley Field--maybe I am a contrarian ...

Chicago area---30 miles from MichiganOcean. And my friends are thankful there are not too many of us!

Cobra--Thanks for running this--I have followed since the beginning and have learned a lot that I wish I knew in another lifetime when I was standing in a crowd and scalping for the spreads. Have a great weekend, and if the avatar works it is a small gift for you..... it's plastic, I want a real on...

Cobra--Thanks for running this--I have followed since the beginning and have learned a lot that I wish I knew in another lifetime when I was standing in a crowd and scalping for the spreads. Have a great weekend, and if the avatar works it is a small gift for you.....

agnosia wrote:

Cobra wrote:
above 30 below 40

ok must be 37-38 .. that's how old i am and i say the same thing

Scariest news of entire day above: "Cobras typically live to 20 years old or more in the wild." http://www.cobras.org/report.htm

Hope Toronto is not too wild!

BBFinance: "for non TA person" As recommended here by uempel, John J. Murphy's Technical Analysis of the Financial Markets might be a good read. Buy it at Amazon but use the link at Cobra's. 99er, in some cases the charts are painfully obvious on direction, and then there is really no nee...

3rd, but like others I was looking for a snake. Also like the red you use in Cobra at the bottom of the page where logged in IDs are shown.

Still looking for the miracle run or short squeeze to 131.........

Lots of trading left for today, but in looking at SPY volumes today only (making possibly bad assumption that for the most part the existing open interest for the weekly expiration was mostly hedged coming into the day with an uncertain unenjoyment number), 131 even would be a nice place to peg it ...

Lots of trading left for today, but in looking at SPY volumes today only (making possibly bad assumption that for the most part the existing open interest for the weekly expiration was mostly hedged coming into the day with an uncertain unenjoyment number), 131 even would be a nice place to peg it f...

Good luck trading all, I'll be Baaaccck, may be not if fishing is good. net shorts still. The terminator got extra kids, this is so funny and and the IMF chief is a raper, lots of surprises this week that's why market moving up. :lol: :lol: :lol: Wish I were fishing! Working title for next Terminat...

now we have a new range, let's see how the previous recovery high gets tested. very critical for both bears and bulls now. just it's really strange there's no 2nd leg down that the market simply bottomed here. Lots of puts at the 134 SPY level; big open interest going into today and very high volum...

Slow trading day, looks like they just ran the sell stops on QQQ below 59, then back up to range. Only .06 below yesterday's close....

I was looking up "protective put" in my options bible, and they had a picture of Uncle Ben.

Maybe this has more to do with the rebalancing of the NDX. AAPL, NFLX (earnings as well), and AMZN all will take a hit in the rebalancing. Look at INTC, DELL, CSCO and MSFT today--all plus 2%. If you have to sell lots of AAPL (- almost 1%) it is probably easier to sell into strength. Just a lot of s...

For AAPL, Andy Zaky who sometimes is on this site posted the following at seeking alpha. He is long the leaps. I have been following his posts for earnings on this stock for a while, and he is better than the experts. Looking for $6.31 vs. experts 5.35. http://seekingalpha.com/article/264390-zaky-ap...

by Cobra » Fri Apr 01, 2011 10:10 am No huge up, my evil plan would still be valid. P.S. the network is pretty slow on my side, so if I were kicked out for awhile, you guys keep watering here, forget about me. Can't forget about Cobras! "Cobra's Market View readers can breathe a deep sigh of re...