Cobra's Market View

jarbo456 wrote:just entered an odd hedge, sold Jan. 28 calls on SLV.

The weekly Jan 6 Calls at 27 strike were up +230% today.

proteus46 wrote:

jarbo456 wrote:just entered an odd hedge, sold Jan. 28 calls on SLV.

The weekly Jan 6 Calls at 27 strike were up +230% today.

are you saying i should've sold those? might not have been a bad idea.

99er wrote:So honey...what are you planning for dinner?

NQ http://99ercharts.blogspot.com/2012/01/nq_7355.html

How about some gap fill.

Or perhaps a double helping of (size 13 boot) "sole"?

jarbo456 wrote:just entered an odd hedge, sold Jan. 28 calls on SLV.

Silver
I show volume signals that sometimes not always indicate top/near top
Also cobra’s chi osc (at the bottom in gold) is near a top zone, AGQ here:
http://stockcharts.com/h-sc/ui?s=AGQ&p= ... listNum=15

How about a Cobb Salad?

ES http://99ercharts.blogspot.com/2012/01/es_2648.html

With Island Reversal dressing?

Al_Dente wrote:

jarbo456 wrote:just entered an odd hedge, sold Jan. 28 calls on SLV.

Silver
I show volume signals that sometimes not always indicate top/near top
Also cobra’s chi osc (at the bottom in gold) is near a top zone, AGQ here:
http://stockcharts.com/h-sc/ui?s=AGQ&p= ... listNum=15

it's what i'm betting on. thus why i sold the calls.

Friday, there were large sells before the close but we gapped up anyway. Today, there are large sells also. I wonder if we gap up anyway.

6.87 million last sell on SPY
287 K last sell on IWM

jarbo456 wrote:

proteus46 wrote:

jarbo456 wrote:just entered an odd hedge, sold Jan. 28 calls on SLV.

The weekly Jan 6 Calls at 27 strike were up +230% today.

are you saying i should've sold those? might not have been a bad idea.

no just adding a comment; I don't usually trade options, I had bought a few calls
at 27 strike price on Friday (expiry Jan 6 2012, and closed them today). I'm pretty
new to options, still shocked to see the % gains that can be gained or lossed