12/22/2012 Weekend Update

[Al_Dente]

vix..........

It is what it is Doc. Hi fears + Hi CPCI = sideways to Down and Lo Fears + Lo CPCI = sideways to Up. it could be different this time

ok thanks

[Al_Dente]

“Total Volume” has something to say:

That's probably triple witching related. triple witching day sometimes can be a pivot day.

Thanks Cobie
I see u over there with your xxxx then xxxx
I just want u to know I’m here when u need me. Just “call me maybe”.

chain saw bear.png (238.52 KiB) Viewed 3339 times

[Cobra]

“Total Volume” has something to say:

That's probably triple witching related. triple witching day sometimes can be a pivot day.

Thanks Cobie
I see u over there with your xxxx then xxxx
I just want u to know I’m here when u need me. Just “call me maybe”.

The attachment chain saw bear.png is no longer available

Thanks, I'm watching. I'll sure call you when I spot something...

[Al_Dente]

[quote="Cobra] Thanks, I'm watching. I'll sure call you when I spot something...[/quote]

everyone sooo bearish…….alone that is good enough reason for bounce
now CNN says “investors hoping for a ‘Cliff-mas’ rally, oy

[Cobra]

Futures now down. good news is it leaves a down gap which usually will be filled. Watch blue line below, it's being tested many times, so I don't think it'd hold one more test.

[Al_Dente]

hey it's still sunday i forgot to vote for sunday snake
http://stockcharts.com/public/1684859

[gappy]

Futures now down. good news is it leaves a down gap which usually will be filled. Watch blue line below, it's being tested many times, so I don't think it'd hold one more test.

Same with silver.

[Cobra]

hey it's still sunday i forgot to vote for sunday snake
http://stockcharts.com/public/1684859

Thanks.

[Al_Dente]

The last times spy saw >200mil daily red selling volume is marked with thick blue dotted lines
Ignore everything else

http://www.youtube.com/watch?v=y2kEx5BLoC4

[bullbear12]

bib boys are almost back to a record net short position

[PurpleRosesLover]

Hi Cobra !

this is not market related, but I do not know where else to post ;

I have a doubt about settlement of ES futures and options.

the Es December futures the last traded price was 1424 approx.

I was not aware that it closes in the morning opening price.

My calculation was the opening price to be around 1427-28 ( this was a blind calculation no logic )

So i had bought ES 1425 option 5 Lots at 0.50 ents ( so 5*50*0.5 = 125$ )

I though the open will be at 1430 or atleast at 1425, so I will get my money back.

Since the open( ES dec close ) was near 1424.75, my options got expired worthless.

Today i checked what was the settlement price (SOQ) in this link

http://www.cboe.com/data/Settlement.aspx

it says S&P 500 settled at 1433.59. vs the screen price I saw 1424.75.

As per the SOQ, my calls would be worth 8.59, is this correct.

My worst fear is :

Since i did not exit the calls, is there any possibilty of extra liabilty ( like assignment etc)

It seems I made a mistake by by buying those calls, will it result in assignment or assignment is only for writers.

My best wish is Santa gave me 8$ or 8*5*50= 2000$.

Cobra and friends please guide

I do not think you will get any ES position. All your ES(December futures) / ES(December futures) call / ES(December futures) put will end up as cash. You either gain cash or lose cash.

I think my account calculated 2012-12-21 end of day value as: ES(December futures) =1433.59.
Did you get your $2000?. I hope you did. Happy Holiday!

[daytradingES]

mayan.png

[chetas]

Hi Cobra, purple rose Lover , JDow,

Yes, I got the credit for 2000$

That was a real surprise for me,

Yahooooooooooo!!!!