11/07/2012 Live Update

[MrMiyagi]

Heads up. Just as I would expect the "smart money" to swing the bat at this time, somebody is now selling out of money puts in Apple as following:

At 10:59 am trader sold to open:
- 1,000 Feb 550 puts for $33.65 credit
- 1,000 Feb 545 puts for $31.41 credit
- 1,000 Feb 530 puts for $25.30 credit
- 1,000 Feb 525 puts for $23.65 credit

Between all those strikes, trader collected a total of $11.4 million credit, which he/she gets to keep if the stock settles above $550 on Feb expiration.

Oh that's just my trades this morning.....

Hah! Where did you get this info from?

[Me XMan]

Probably higher taxes.

Reminder:
“House Speaker John Boehner (R-OH) will deliver a statement today, Wednesday, November 7, at 3:30 p.m. ET on the fiscal cliff and the need for both parties to find common ground and take steps together to help our economy grow and create jobs, which is critical to solving our debt.”

[TraderJoe]

Have you heard about the new social website?? [url]http://www.SULIA.com[url]
They are saying if may very well kick Facebooks rear..

Looks similar to Pinterest.com

I think http://www.me2everyone.com/ is going to be a bomb in 2013, to move with a project they'r develouping very promissing game The Quest with some well known artists involved ... will see

I bookmarked it for later,
Thanks.

[Daniel-David]

Another 40 cents & I'll break even on ABX

..what then? Exit at breakeven and re-consider? Rotate capital into a different mining stock? Add to existing holding? GDX has shown good RS to equitites in genl today. I'm trying to weight my pairs trades twd more long than short.

[TraderJoe]

Heads up. Just as I would expect the "smart money" to swing the bat at this time, somebody is now selling out of money puts in Apple as following:

At 10:59 am trader sold to open:
- 1,000 Feb 550 puts for $33.65 credit
- 1,000 Feb 545 puts for $31.41 credit
- 1,000 Feb 530 puts for $25.30 credit
- 1,000 Feb 525 puts for $23.65 credit

Between all those strikes, trader collected a total of $11.4 million credit, which he/she gets to keep if the stock settles above $550 on Feb expiration.

Oh that's just my trades this morning.....

Hah! Where did you get this info from?

I subscribe to optionmonster.com

[TraderGirl]

Heads up. Just as I would expect the "smart money" to swing the bat at this time, somebody is now selling out of money puts in Apple as following:

At 10:59 am trader sold to open:
- 1,000 Feb 550 puts for $33.65 credit
- 1,000 Feb 545 puts for $31.41 credit
- 1,000 Feb 530 puts for $25.30 credit
- 1,000 Feb 525 puts for $23.65 credit

Between all those strikes, trader collected a total of $11.4 million credit, which he/she gets to keep if the stock settles above $550 on Feb expiration.

Oh that's just my trades this morning.....

Hah! Where did you get this info from?

I subscribe to optionmonster.com

Anything on SPY?

[TraderJoe]

Heads up. Just as I would expect the "smart money" to swing the bat at this time, somebody is now selling out of money puts in Apple as following:

At 10:59 am trader sold to open:
- 1,000 Feb 550 puts for $33.65 credit
- 1,000 Feb 545 puts for $31.41 credit
- 1,000 Feb 530 puts for $25.30 credit
- 1,000 Feb 525 puts for $23.65 credit

Between all those strikes, trader collected a total of $11.4 million credit, which he/she gets to keep if the stock settles above $550 on Feb expiration.

Oh that's just my trades this morning.....

Hah! Where did you get this info from?

I subscribe to optionmonster.com

Anything on SPY?

I'll find it later, 10-25 emails per day..

[chickencoop]

Mr. M, it may be a good time to write AAPL put now, they say the big boys are buying the heck out of Jan 2013, calls

I didn't see that but deep down in my ba... toes.. I feel that AAPL is bottoming.

I receive this;
Heads up. Just as I would expect the "smart money" to swing the bat at this time, somebody is now selling out of money puts in Apple as following:

At 10:59 am trader sold to open:
- 1,000 Feb 550 puts for $33.65 credit
- 1,000 Feb 545 puts for $31.41 credit
- 1,000 Feb 530 puts for $25.30 credit
- 1,000 Feb 525 puts for $23.65 credit

Between all those strikes, trader collected a total of $11.4 million credit, which he/she gets to keep if the stock settles above $550 on Feb expiration. Meanwhile, trader is willing to get long 400,000 shares with average price of $537.50 per share (total notional value is $215 million) if the stock continues to fall by Feb expiration.

This is not mama/papa trade. This is an institutional size trader taking advantage of sell-off and putting money on line.

and this;
Somebody just bought Feb 580/680 call spread 2,000 times for $24.20 debit. Approx $4.8 million bullish bet.

Thanks! Great stuff

[SigmaEcho]

spx weekly sma 20 now at 1410.5
close below, usually was more sell off.

day not over yet.....

[TraderJoe]

TraderGirl,
I found this only;
I still prefer having small amount of insurance to hedge your longs via SPY Jan 140/130 put spread. Once this election is behind us, I wouldn't be surprised to see some the sentiment gradually shift to stuff that matters, i.e., how to address $1.3 trillion or 8% annual deficit before the bond market goes nuts.

We will hit $16.4 trillion debt ceiling in Dec. Bush's tax cuts also expire in Dec. Lastly, Bernanke's Operation Twist II also expires in Dec. Lastly, the Mayan calendar predicts the end of world in Dec 2012 --- LOL Just saying

All kidding aside, with VIX at 17, the cost of insurance is too cheap. Never hurts to hold some SPY puts to hedge some longs.

[Petsamo]

Another 40 cents & I'll break even on ABX

..what then? Exit at breakeven and re-consider? Rotate capital into a different mining stock? Add to existing holding? GDX has shown good RS to equitites in genl today. I'm trying to weight my pairs trades twd more long than short.

I don't know. This is the first time ever that I messed with gold or gold mining. I think I'll hold until it starts underperforming SPY.

I'm staying away from the mining sector (XME) for now (gold mining is different). Some pundits are expecting a recession on 2013 from higher taxes. I'm currently at 26% cash. I dunno if that's too high or too low.

KOL (coal) went into a falling knife posture, so I sold my KOL.

I'm baffled as to why they're trashing my AGNC & REM. Dividend yields are 16.7% & 11.5% respectively. But they're not trashing my PHK that much (dividend yield = 12.2%).

[Cobra]

guys, before the close, please take a little time to vote for me, thanks. http://stockcharts.com/public/1684859/tenpp

[L_T]

Mr. M, it may be a good time to write AAPL put now, they say the big boys are buying the heck out of Jan 2013, calls

I didn't see that but deep down in my ba... toes.. I feel that AAPL is bottoming.

I receive this;
Heads up. Just as I would expect the "smart money" to swing the bat at this time, somebody is now selling out of money puts in Apple as following:

At 10:59 am trader sold to open:
- 1,000 Feb 550 puts for $33.65 credit
- 1,000 Feb 545 puts for $31.41 credit
- 1,000 Feb 530 puts for $25.30 credit
- 1,000 Feb 525 puts for $23.65 credit

Between all those strikes, trader collected a total of $11.4 million credit, which he/she gets to keep if the stock settles above $550 on Feb expiration. Meanwhile, trader is willing to get long 400,000 shares with average price of $537.50 per share (total notional value is $215 million) if the stock continues to fall by Feb expiration.

This is not mama/papa trade. This is an institutional size trader taking advantage of sell-off and putting money on line.

and this;
Somebody just bought Feb 580/680 call spread 2,000 times for $24.20 debit. Approx $4.8 million bullish bet.

Great info. Both seem like solid ideas---best part is when you put that much $$$ on the line you know it's not a chump rogue trader......wait a minute didn't we just see that story this morning......

[TraderGirl]

Another 40 cents & I'll break even on ABX

..what then? Exit at breakeven and re-consider? Rotate capital into a different mining stock? Add to existing holding? GDX has shown good RS to equitites in genl today. I'm trying to weight my pairs trades twd more long than short.

I don't know. This is the first time ever that I messed with gold or gold mining. I think I'll hold until it starts underperforming SPY.

I'm staying away from the mining sector (XME) for now (gold mining is different). Some pundits are expecting a recession on 2013 from higher taxes. I'm currently at 26% cash. I dunno if that's too high or too low.

KOL (coal) went into a falling knife posture, so I sold my KOL.

I'm baffled as to why they're trashing my AGNC & REM. Dividend yields are 16.7% & 11.5% respectively. But they're not trashing my PHK that much (dividend yield = 12.2%).

This is just a taste of what you will see after the new year 2013...I recommend to get out of longs around end of December 21-24ish...

[Daniel-David]

I'm baffled as to...

Different sectors are trying to re-establish predictive equilibrium after the major Event-risk of the US election. Many std correlations are kind of OFF right now, as the (perhaps surprising) ease of Obama victory is priced in. Recall the other day that Cobra pointed out an ALL UP day, probably reflecting the above. I'm trying to see what new correlations will shake out over the next couple days.

[Me XMan]

BEERS ON DA HOUSE!

[MrMiyagi]

Swayze?

[TraderGirl]

BEERS ON DA HOUSE!

sounds good XMan !! How bout some martini's?

[Petsamo]

This is just a taste of what you will see after the new year 2013...I recommend to get out of longs around end of December 21-24ish...

Thanks.

I'm baffled as to...

Different sectors are trying to re-establish predictive equilibrium after the major Event-risk of the US election. Many std correlations are kind of OFF right now, as the (perhaps surprising) ease of Obama victory is priced in. Recall the other day that Cobra pointed out an ALL UP day, probably reflecting the above. I'm trying to see what new correlations will shake out over the next couple days.

Yea, OK

[TraderJoe]

BEERS ON DA HOUSE!

sounds good XMan !! How bout some martini's?

Here she goes again