Cobra's Market View

TraderJoe wrote: 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.

deadmoney95 wrote: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.”

victorm wrote:

TraderGirl wrote:

TraderJoe wrote: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

Petsamo wrote:Another 40 cents & I'll break even on ABX

MrMiyagi wrote:

TraderJoe wrote: 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?

TraderJoe wrote:

MrMiyagi wrote:

TraderJoe wrote: 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 wrote:

TraderJoe wrote:

MrMiyagi wrote:

TraderJoe wrote: 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 wrote:

MrMiyagi wrote:

TraderJoe wrote: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.

Daniel-David wrote:

Petsamo wrote: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 wrote:

MrMiyagi wrote:

TraderJoe wrote: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.

Petsamo wrote:

Daniel-David wrote:

Petsamo wrote: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%).

Petsamo wrote:I'm baffled as to...

Me XMan wrote:BEERS ON DA HOUSE!

TraderGirl wrote: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 wrote:

Petsamo wrote: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.

TraderGirl wrote:

Me XMan wrote:BEERS ON DA HOUSE!

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