01/03/2012 Intraday Watering

[jarbo456]

/HG is impressively strong, but near its trend line resistance.

[BullBear52x]

FAS ans TNA has high percentage to go lower than Friday low by 12th. based on option expiry probability. and I short both O yay bring it on baby. Master Cougar deep in the money already!

[cougar]

Paging BullBear!
Ok…here is my tentative plan:
1. - buy more QQQ and SPY puts targeting the putative indices tops of today and tomorrow.
2. - on Thursday morning, sell (to open) weekly puts, expiring on Fri., Jan 13, as soon as they become available…Their strike will be established opportunistically.
I’ll let you know how it works…
=============
I count on the fact that the market will have a good drop before or on "Fiday the 13th"!!! LOL!

IWM is sinking back in the Ribbons deeper than the others, weakest link today. I'll be BAAAK

Yes...big time puts buying on IWM going on...I might join them too..
Also: to give you a complete information on the posted potential trade: I am now long QQQ Jan21, 57 P and SPY Jan21, 125 P and those are the positions I plan to expand slowly, during these 2 days.

sold 70% of my long at the open today. i like the idea of going a little short here, as, at the very least we should get some digestion of the big move, but EUR/USD has clearly broken a downtrend line. if eur gets pumped, the equity market should follow.

big warning sign is that VIX is currently down only 3%. market is up 250 points and the VIX is down only 3%??? hmmmm...something seems to be going on here.

This rampo was started and is supported by Europe...i.e. Germany!
Some people think that they did that in order to gain altitude before the big downgrade …coming soon…when Merkel Turtle and Cocozy will be eating mussels with fries (the Belgian national dish) in Brussels…

[jarbo456]

FAS ans TNA has high percentage to go lower than Friday low by 12th. based on option expiry probability. and I short both O yay bring it on baby. Master Cougar deep in the money already!

do you know how to calculate average range changes in MAX pain between expirations? eg, TNA max pain right now is 42, but should the market stay bullish, i imagine that will begin to rise accordingly.

eh, probably more work than the information is worth...just something to think about.

[jarbo456]

Paging BullBear!
Ok…here is my tentative plan:
1. - buy more QQQ and SPY puts targeting the putative indices tops of today and tomorrow.
2. - on Thursday morning, sell (to open) weekly puts, expiring on Fri., Jan 13, as soon as they become available…Their strike will be established opportunistically.
I’ll let you know how it works…
=============
I count on the fact that the market will have a good drop before or on "Fiday the 13th"!!! LOL!

IWM is sinking back in the Ribbons deeper than the others, weakest link today. I'll be BAAAK

Yes...big time puts buying on IWM going on...I might join them too..
Also: to give you a complete information on the posted potential trade: I am now long QQQ Jan21, 57 P and SPY Jan21, 125 P and those are the positions I plan to expand slowly, during these 2 days.

sold 70% of my long at the open today. i like the idea of going a little short here, as, at the very least we should get some digestion of the big move, but EUR/USD has clearly broken a downtrend line. if eur gets pumped, the equity market should follow.

big warning sign is that VIX is currently down only 3%. market is up 250 points and the VIX is down only 3%??? hmmmm...something seems to be going on here.

This rampo was started and is supported by Europe...i.e. Germany!
Some people think that they did that in order to gain altitude before the big downgrade …coming soon…when Merkel Turtle and Cocozy will be eating mussels with fries (the Belgian national dish) in Brussels…

is rampo over though is the question? don't think anyone is wrong going a small position short here, especially if you're holding anything long. just think that there's more juize in this lemon to squeeze...

gym time...look forward to your thoughts later!

[BullBear52x]

FAS ans TNA has high percentage to go lower than Friday low by 12th. based on option expiry probability. and I short both O yay bring it on baby. Master Cougar deep in the money already!

do you know how to calculate average range changes in MAX pain between expirations? eg, TNA max pain right now is 42, but should the market stay bullish, i imagine that will begin to rise accordingly.

eh, probably more work than the information is worth...just something to think about.

use real time monitor it changes constantly

[waverider]

The low of the open on spy is 127.73, until we break below that, it's still a trading range. Buy low, sell high, scalp...

[SB73]

I expect 127 on SPY today before rallying higher tomorrow.

Can you explain your reasoning please? Still looks like a trading range to me.

Partial gap fills are very common plus 127 has importance as noted by Bull / Bear. Additionally, it is not too far off a 50% retrace from Friday's low. VIX also supports this view.

[99er]

Honey?

SPX http://99ercharts.blogspot.com/2012/01/spx_5690.html

Lunch is served.

[Paindu]

Folks, how does RIMM look now? I got in @ $17.50 and wondering should I cut my losses or hold onto it? Thanks

[SB73]

I expect 127 on SPY today before rallying higher tomorrow.

Can you explain your reasoning please? Still looks like a trading range to me.

Partial gap fills are very common plus 127 has importance as noted by Bull / Bear. Additionally, it is not too far off a 50% retrace from Friday's low. VIX also supports this view.

Disclosure, I am long right at the close on Friday. Tops are tricky to trade they can take a couple of days to play out.

[jarbo456]

FAS ans TNA has high percentage to go lower than Friday low by 12th. based on option expiry probability. and I short both O yay bring it on baby. Master Cougar deep in the money already!

do you know how to calculate average range changes in MAX pain between expirations? eg, TNA max pain right now is 42, but should the market stay bullish, i imagine that will begin to rise accordingly.

eh, probably more work than the information is worth...just something to think about.

use real time monitor it changes constantly

this on TOS?

[BullBear52x]

Folks, how does RIMM look now? I got in @ $17.50 and wondering should I cut my losses or hold onto it? Thanks

I don't project price, depends on the market, but if you trade what you see like me, it's no sell, bullish, I would hold on if I own it. 17.5 is piece of cake look at where it came from.

[BullBear52x]

FAS ans TNA has high percentage to go lower than Friday low by 12th. based on option expiry probability. and I short both O yay bring it on baby. Master Cougar deep in the money already!

do you know how to calculate average range changes in MAX pain between expirations? eg, TNA max pain right now is 42, but should the market stay bullish, i imagine that will begin to rise accordingly.

eh, probably more work than the information is worth...just something to think about.

use real time monitor it changes constantly

this on TOS?

yes,

[johnnywa]

Would like to see blowoff top.Last week bond sale market dropped 140 points.Bond sale tomorrow.Let's see if we run up to 12r88.

[brokebybernacke2]

not sure of any big pullbacks here, like cobra say, risky to short big gappers here. fed speak this afternoon, be careful if short...jmho

[BullBear52x]

I finally got sell-able signal for DBV, a Swing sell trigger this time will really test the will of the buy side.

[tdo722]

Bought a few calls for FSLR. The wind of change.

[Cobra]

I'm very disappointed. OR breakout failed again. It had over 80% winning rate before. Now let's see another OR breakout target here. VIX rising sharply.

[SB73]

I'm very disappointed. OR breakout failed again. It had over 80% winning rate before. Now let's see another OR breakout target here. VIX rising sharply.

38.2% retrace is right at your target...seems logical