Cobra's Market View

Good morning everyone, Saw these messages from an options trader in the pit this am please take note and wanted to pass them along. I do not trade options, yet but I notice what is happening in the market. "$SPY: largest open interest change across option exchanges. Traders added 88K August 128...

I sold all of my TNA here from this am's nice 2 push down (thanks Cobra!!). I guess that means it will power higher. Anyway , I am waiting for a bigger pullback to re-load. Not sure if I want to hold over weekend probably just scalp after lunch. Already holding 3/4 position in FAS WFC and MCP. Good ...

bulbear52x
glad it helped..I only did a starter position in $TZA pre-market, when I sold all my $TNA to someone.
I wish I had a larger position, still got $0.85 out of it though.

Did some $TZA and $TNA trades all out ---the market feels directionless to me..no edge I do like what the financials are doing. If I had more conviction I'd go long here-short term- multiple time frames for TNA (longs) are negative, nasty red candles (no buy signals on 3 min ,5min ,15min ,30min 1 ho...

Thanks, for your input.
I usually scale in a little too early I will try for a better price.

Good Morning Cobra,
What do you think of the $CPC too low? time for reversal.
I am neither bull nor bear

http://stockcharts.com/h-sc/ui?s=$CPC&p ... 5531381860

I am starting a position in $TZA today.

Thanks

Thanks, looks like I have my work cut out for me..I thought this would be an easy decision..

Hello Everyone, I have been watching and learning for a while and thanks for all your input, charts etc...I have learned a lot and this helped my trading tremendously. I have truly learned better patience. A little off topic. I am going to be traveling and am looking for an IPAD or tablet, I am not ...

Thanks for the forum