Good morning. Today we purchase a daycall.
I will be watching the market today for any swings.
Tradinginsider
I will be watching the market today for any swings.
Tradinginsider
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Monday, November 30, 2015
Wednesday, November 25, 2015
exit daycall...close wash
Today we exit our dayput at a close wash. It was up earlier in the day, we held it looking for more, but it went back down again. Our exit:
We continue to hold our put from the other day (SPY).
More tomorrow.
Tradinginsider
QQQ Nov 2015 114.000 call (QQQ151127C00114000)
-OPR
Watchlist
0.46 
0.03(6.98%) 3:34PM EST
0.03(6.98%) 3:34PM EST| Prev Close: | 0.43 |
|---|---|
| Open: | 0.48 |
| Bid: | 0.44 |
| Ask: | 0.46 |
| Strike: | 114.00 |
| Expire Date: | 27-Nov-15 |
| Day's Range: | 0.35 - 0.59 |
|---|---|
| Contract Range: | N/A - N/A |
| Volume: | 5,657 |
| Open Interest: | 21,999 |
More tomorrow.
Tradinginsider
Purchase Daycall...QQQcall
Today we purchase a daycall from the QQQ. The premarkets were up, the gap has been faded, and now a daycall:
Thats all for now, check back later.
Tradinginsider
Thats all for now, check back later.
Tradinginsider
Tuesday, November 24, 2015
Hold SPY DD put
If you dumped this put in the morning, congrats. But I didnt, I am going to hold this, there is still time on the option. We are going to hold this Double Down put from yesterday.
Looking for other things to trade,
Tradinginsider
Looking for other things to trade,
Tradinginsider
Monday, November 23, 2015
Exit daycall for loss
Our exit causes a loss, dont worry, will get that back:
I am going to look for a DD play.
Tradinginsider
Tradinginsider
Good Morning SPY call
Today we are going with a SPY daycall. Our in below:
Seems as though things are rocking today we are going to try to get in on it.
Tradinginsider
Seems as though things are rocking today we are going to try to get in on it.
Tradinginsider
Friday, November 20, 2015
Today 2 things
First, Im going to purchase an at the money call.
Second, Im going to dump that failed put. That put is already covered because of my double down call that made 110+% yesterday. That is, the 100 loss was covered with the 100 gain, then there was another 100% gain from the same call because it was a double sized purchase from what I usually go in with- thus I call it a double down.
Ok, lets get to it. Today I get in with this call at the money:
Now what I need to do is exit that put from the other week:
Again, this loss is covered from the double down we did Tues-Thurs. As in over 100% gain for the double down, one part of it covers the above, the other part is over 100% ahead. Kind of like losing 5 bucks at the casino roulette table then doubling down with a 10 dollar bet and winning it. The 5 dollar bet loss is completely covered, and in addition, you are now up an additional 100%, or another 5 bucks.
So that is that, and check back 15 minutes before close to see what I will do, most likely exit this day call.
Tradinginsider
Second, Im going to dump that failed put. That put is already covered because of my double down call that made 110+% yesterday. That is, the 100 loss was covered with the 100 gain, then there was another 100% gain from the same call because it was a double sized purchase from what I usually go in with- thus I call it a double down.
Ok, lets get to it. Today I get in with this call at the money:
Now what I need to do is exit that put from the other week:
Again, this loss is covered from the double down we did Tues-Thurs. As in over 100% gain for the double down, one part of it covers the above, the other part is over 100% ahead. Kind of like losing 5 bucks at the casino roulette table then doubling down with a 10 dollar bet and winning it. The 5 dollar bet loss is completely covered, and in addition, you are now up an additional 100%, or another 5 bucks.
So that is that, and check back 15 minutes before close to see what I will do, most likely exit this day call.
Tradinginsider
Thursday, November 19, 2015
Exit Double down QQQ option calls +110% gain
Today we exit our double down QQQ calls for over 100 percent gain. Seeing it was a double down order, or twice the amount that we usually do, this covers our single play loss of the put from last week and gives us a fresh 100 per cent gain on top of that. Our exit:
All good in the hood.
I will see you tomorrow, have some things to do today.
Tradinginsider
QQQ Nov 2015 112.500 call (QQQ151120C00112500)
-OPR
1.68 
0.27(19.15%) 12:57PM EST
0.27(19.15%) 12:57PM EST| Prev Close: | 1.41 |
|---|---|
| Open: | 1.33 |
| Bid: | 1.66 |
| Ask: | 1.69 |
| Strike: | 112.50 |
| Expire Date: | 20-Nov-15 |
| Day's Range: | 1.23 - 1.68 |
|---|---|
| Contract Range: | N/A - N/A |
| Volume: | 2,093 |
| Open Interest: | 7,025 |
I will see you tomorrow, have some things to do today.
Tradinginsider
Wednesday, November 18, 2015
I am baffled at market direction today.
The top signal was very clear yesterday, and as a result, I am baffled at the direction of the market today. The only thing I can think of is the last two candles made a reversal double hammer and now the market reversed. However in looking back at the chart:
That is pretty weak. There is not enough of a bottom tail on that big white candle.
I suppose these things happen, tech analysis is correct 80-85% of the time.
Still...that is pretty strange.
Tradinginsider
That is pretty weak. There is not enough of a bottom tail on that big white candle.
I suppose these things happen, tech analysis is correct 80-85% of the time.
Still...that is pretty strange.
Tradinginsider
Today we go with the trend and the premarket price. Double down.
Today we double down with our pick. We need to make up a bit for that put we have hanging out there. Below is our in:
I expect things to continue to climb today.
More as things happen,
Tradinginsider
I expect things to continue to climb today.
More as things happen,
Tradinginsider
Tuesday, November 17, 2015
Market just made a big top signal
Market moved sideways today and then towards close this candlestick formed:
That means market top.So where we are at right now with the put we are holding:
Which isnt that bad, because when things start to drop, the price will jump. But will the price jump? Lets take a look at the chart for some answers:
Today the market threw a top signal. How reliable are these signals? Take a look above, you can see that every time there was one of these thrown the market dropped. Each of the last three times.
So I am good in that I have a put in the ring already. Stay tuned for tomorrow morning to see what I do.
Today I was ill and I took the day off. I slept in until the mid afternoon to get rid of this cold and I think it worked. One thing that I did is I went to a health food store and I purchased powderized vitamin C (Absorbic Acid). Then I took two small scoops of it and briskly mixed it with a glass of orange juice. This gave me about 1000% of the recommended daily dose of C.
Why did I do this? Sudies have shown that a very large dose of Vitamin C stimulates your immune system by rapidly increasing killer T cell (your white blood cells) activity. Take one of these before you go to bed and make sure the room is warm and get under some blankets and go to sleep. By morning if you caught it early enough in the cold, you should notice that the cold has broke and you are on the way to health.
See you tomorrow morning,
Tradinginsider
That means market top.So where we are at right now with the put we are holding:
Which isnt that bad, because when things start to drop, the price will jump. But will the price jump? Lets take a look at the chart for some answers:
Today the market threw a top signal. How reliable are these signals? Take a look above, you can see that every time there was one of these thrown the market dropped. Each of the last three times.
So I am good in that I have a put in the ring already. Stay tuned for tomorrow morning to see what I do.
Today I was ill and I took the day off. I slept in until the mid afternoon to get rid of this cold and I think it worked. One thing that I did is I went to a health food store and I purchased powderized vitamin C (Absorbic Acid). Then I took two small scoops of it and briskly mixed it with a glass of orange juice. This gave me about 1000% of the recommended daily dose of C.
Why did I do this? Sudies have shown that a very large dose of Vitamin C stimulates your immune system by rapidly increasing killer T cell (your white blood cells) activity. Take one of these before you go to bed and make sure the room is warm and get under some blankets and go to sleep. By morning if you caught it early enough in the cold, you should notice that the cold has broke and you are on the way to health.
See you tomorrow morning,
Tradinginsider
Monday, November 16, 2015
This is looking pretty good.
What I got going here is looking pretty damn good.
I look at the technicals and decide which way the market will be going in the next few days with about an 83% success rate. I will hold this for a couple of days, slightly out of the money and expiring in about a month or two so as to have erosion not be a factor.
Then I look and see which way the premarkets are going 15 min before open. If they are down, Ill purchase a QQQ or SPY put at open. If they are up, ill purchase a call at open, then close either position 5 minutes before market close.
At about 11:15am I will also purchase another call or put on the QQQ or SPY etf and go with the trend at that time. So if at 11:15 the market is up, Ill purchase a call via SPY or QQQ at the money close to the expiration date. The reverse is true with a down premarket, Ill purchase puts, at the money and close expiration date. I will exit either of these 5 minutes before that same trading day's close. This is about a 88% chance of success.
With all of this put together, my train will chug nonstop making money. Along the way I will be doing the 2 day drop and the 3 day climb with individual stocks, but my primary focus will be the QQQ and SPY ETF as I have become somewhat expert on its movements.
Tradinginsider
I look at the technicals and decide which way the market will be going in the next few days with about an 83% success rate. I will hold this for a couple of days, slightly out of the money and expiring in about a month or two so as to have erosion not be a factor.
Then I look and see which way the premarkets are going 15 min before open. If they are down, Ill purchase a QQQ or SPY put at open. If they are up, ill purchase a call at open, then close either position 5 minutes before market close.
At about 11:15am I will also purchase another call or put on the QQQ or SPY etf and go with the trend at that time. So if at 11:15 the market is up, Ill purchase a call via SPY or QQQ at the money close to the expiration date. The reverse is true with a down premarket, Ill purchase puts, at the money and close expiration date. I will exit either of these 5 minutes before that same trading day's close. This is about a 88% chance of success.
With all of this put together, my train will chug nonstop making money. Along the way I will be doing the 2 day drop and the 3 day climb with individual stocks, but my primary focus will be the QQQ and SPY ETF as I have become somewhat expert on its movements.
Tradinginsider
Looks as though...
There was a surge today in the markets despite the French bombings. We were still in our position from friday so tomorrow I am going to make a decision and I might even be doubling down on the market and perhaps let the put go.
I may be trying something else out: Double calls and puts for the day. One at open, and one at about 11:15am. The rationale is, that the market tends to move the way that the premarkets show 15 minutes before market open, and the day tends to swing the way the day is going by 10:45 in the morning and then keep going that way.
Until tomorrow,
Tradinginsider
I may be trying something else out: Double calls and puts for the day. One at open, and one at about 11:15am. The rationale is, that the market tends to move the way that the premarkets show 15 minutes before market open, and the day tends to swing the way the day is going by 10:45 in the morning and then keep going that way.
Until tomorrow,
Tradinginsider
Friday, November 13, 2015
Exit dayput for profit
Exit day put
That one worked pretty well. 1.60 to about 2.00 in one day. About 20%.
Tradinginsider
Tradinginsider
The GPRO falling knife
If you are thinking of buying Go Pro due to the fact that its down big and maybe you can bounce it: yeah, don't do that. Its a falling knife and its gonna drop further.
Driven down by a flood of short sellers, having the wrong technicals on the candlestick charts and a craps analyst sheet is a solid recipe for no bounce. I wouldnt even pile on it at this point going the way its going because it could hit an oversold point. Probably right after you purchase some puts. Lets look at this trainwreck:
Ouch. Lots to say about this chart. Note the ADX on the top...reversal is anything near 15-20 and it is currently way high telling us it has no real thought of reversing the trend direction anytime soon. The Aroon indicator right under the candlecharts same thing It doesnt look like either one of those are going to cross for a while. And the Williams% is just laying lamely on the floor. The candlesticks are showing continuation in the downward trend and show no bottom. What about its fundamentals according to analysts?
Also not good. This shows that its not only risky short selling gambling, but there is a foundation in it via its sales forecasts. Its sales growth for this year and next year is pretty poor.
When you are thinking about trying to bounce stocks, always take a hard look at them to make sure they are not a falling knife and you get cut. People who briefly look at stock news and see a big stock is way down and think to themselves "Its gotta come back up, right?" most often get hurt. Look at the technical charts, look at the financial forecast.
Tradinginsider
Driven down by a flood of short sellers, having the wrong technicals on the candlestick charts and a craps analyst sheet is a solid recipe for no bounce. I wouldnt even pile on it at this point going the way its going because it could hit an oversold point. Probably right after you purchase some puts. Lets look at this trainwreck:
Ouch. Lots to say about this chart. Note the ADX on the top...reversal is anything near 15-20 and it is currently way high telling us it has no real thought of reversing the trend direction anytime soon. The Aroon indicator right under the candlecharts same thing It doesnt look like either one of those are going to cross for a while. And the Williams% is just laying lamely on the floor. The candlesticks are showing continuation in the downward trend and show no bottom. What about its fundamentals according to analysts?
Also not good. This shows that its not only risky short selling gambling, but there is a foundation in it via its sales forecasts. Its sales growth for this year and next year is pretty poor.
When you are thinking about trying to bounce stocks, always take a hard look at them to make sure they are not a falling knife and you get cut. People who briefly look at stock news and see a big stock is way down and think to themselves "Its gotta come back up, right?" most often get hurt. Look at the technical charts, look at the financial forecast.
Tradinginsider
Purchase QQQ put
Today is a down day, it bounced up a bit, lets get in on this and purchase a day put where we will be out at close:
Thats all for now, will keep you up to date.
Tradinginsider
Thats all for now, will keep you up to date.
Tradinginsider
Thursday, November 12, 2015
2016 Spring Stock Market Crash
The charts are foretelling a very big problem, and in looking at it I can even gleam some timing from it by just following the indicators down on their angle of decent. Lets take a look at whats coming by looking at the QQQ weekly chart as it looks today:
You can see a few things here and nothing is good.First of all, look at the indicator on the top, or the RSI and then look at the indicator on the bottom, or the MACD. I haven't seen anything like this since 1999 before the 2000-1 crash. Both indicators are completely deflating and coming all the way down the chart on an angle of decent, while the candle sticks themselves are climbing. This is called 'Divergence'. What almost always happens is that the candlestick charts will turn and start to go the same direction that the indicators are going. And in this case it looks like the indicators are slowly heading for the ground. By looking at how long they have been dropping and forecasting foward, i expect a BIG BIG crash to happen around next March-May. Not fun to talk about but you have the privilege to read about it and know about it before it happens. Think of me as a crystal ball/chart scrying trader that is going to save you a total ass-beating. A few things to keep in mind:
1. Dont have your eggs all in one basket. Work at CDW? Work at Microsoft? Its one thing to have company stock as rewarded to you by your company. Its another thing to sink extra money into your company stock thinking that it will pay off. Think Enron or WorldCom or any big bluechip in the years 2000-2003. Spread out your money.
2. Start getting out of stocks. Things will peak before they turn and hit the floor, I just don't know when yet, I just have a general idea. Maybe diversify your portfolio and get into some safe municipal funds. Perhaps precious metals. Gold will jump in a crash. Make sure you have physical possession of it just in case the crash is VERY bad. Records could get scrambled.
3. Transfer your cash to some safe and secure FIRST WORLD banking institutions such as Germany or Switzerland
4. This by fall 2016 there will be blood in the streets. People will be moaning, houses and businesses will be lost, banks will fail, there will be carnage. THIS IS THE BEST TIME TO START BUYING STOCKS WHILE THEY ARE FLATTENED IN PRICE. When the market bounces back and the stock prices bounce back you will make a fortune. Remember the beginning of the movie "TimeCop" when the crook went back from 2009 to 1929 during the crash and starting buying stock for pennies on the current dollar? You dont need a time machine for that, you just have to be waiting with cash out of the market for a stock market crash. Then you move in.
A few things to think about. Stay Frosty with your finger on the trigger. Bad things afoot.
Tradinginsider
You can see a few things here and nothing is good.First of all, look at the indicator on the top, or the RSI and then look at the indicator on the bottom, or the MACD. I haven't seen anything like this since 1999 before the 2000-1 crash. Both indicators are completely deflating and coming all the way down the chart on an angle of decent, while the candle sticks themselves are climbing. This is called 'Divergence'. What almost always happens is that the candlestick charts will turn and start to go the same direction that the indicators are going. And in this case it looks like the indicators are slowly heading for the ground. By looking at how long they have been dropping and forecasting foward, i expect a BIG BIG crash to happen around next March-May. Not fun to talk about but you have the privilege to read about it and know about it before it happens. Think of me as a crystal ball/chart scrying trader that is going to save you a total ass-beating. A few things to keep in mind:
1. Dont have your eggs all in one basket. Work at CDW? Work at Microsoft? Its one thing to have company stock as rewarded to you by your company. Its another thing to sink extra money into your company stock thinking that it will pay off. Think Enron or WorldCom or any big bluechip in the years 2000-2003. Spread out your money.
2. Start getting out of stocks. Things will peak before they turn and hit the floor, I just don't know when yet, I just have a general idea. Maybe diversify your portfolio and get into some safe municipal funds. Perhaps precious metals. Gold will jump in a crash. Make sure you have physical possession of it just in case the crash is VERY bad. Records could get scrambled.
3. Transfer your cash to some safe and secure FIRST WORLD banking institutions such as Germany or Switzerland
4. This by fall 2016 there will be blood in the streets. People will be moaning, houses and businesses will be lost, banks will fail, there will be carnage. THIS IS THE BEST TIME TO START BUYING STOCKS WHILE THEY ARE FLATTENED IN PRICE. When the market bounces back and the stock prices bounce back you will make a fortune. Remember the beginning of the movie "TimeCop" when the crook went back from 2009 to 1929 during the crash and starting buying stock for pennies on the current dollar? You dont need a time machine for that, you just have to be waiting with cash out of the market for a stock market crash. Then you move in.
A few things to think about. Stay Frosty with your finger on the trigger. Bad things afoot.
Tradinginsider
Now exit that same day put for Profit
Ok, Now we are going to exit that same day put for a 24% two hour profit. When was the last time you pulled in money like that? Below is our out:
That will be all for today unless the candlestick charts change.
Tradinginsider
QQQ Nov 2015 113.000 put (QQQ151113P00113000)
-OPR
Watchlist
0.83 0.36(76.60%) 3:08PM EST
0.36(76.60%) 3:08PM EST| Prev Close: | 0.47 |
|---|---|
| Open: | 0.72 |
| Bid: | 0.84 |
| Ask: | 0.85 |
| Strike: | 113.00 |
| Expire Date: | 13-Nov-15 |
| Day's Range: | 0.39 - 0.91 |
|---|---|
| Contract Range: | N/A - N/A |
| Volume: | 9,706 |
| Open Interest: | 10,126 |
Tradinginsider
Purchase QQQ put
We are going to hold this until near close. Our in:
More if anything comes up,
Tradinginsider
QQQ Nov 2015 113.000 put (QQQ151113P00113000)
-OPR
Watchlist
0.69 0.22(46.81%) 1:08PM EST
0.22(46.81%) 1:08PM EST| Prev Close: | 0.47 |
|---|---|
| Open: | 0.72 |
| Bid: | 0.63 |
| Ask: | 0.65 |
| Strike: | 113.00 |
| Expire Date: | 13-Nov-15 |
| Day's Range: | 0.39 - 0.83 |
|---|---|
| Contract Range: | N/A - N/A |
| Volume: | 6,186 |
| Open Interest: | 10,126 |
Tradinginsider
Sell that SPY Dec put from yesterday for profit
This morning we get out of that SPY put from yesterday with a decent profit. Our exit is below:
We got in yesterday at 4.18. Not too shabby.
We take the profit and look foward.
Tradinginsider
We got in yesterday at 4.18. Not too shabby.
We take the profit and look foward.
Tradinginsider
Wednesday, November 11, 2015
I am going to hang this out there
I think there is potential for a sudden drop, so I want to have this out there in case that happens. It expires towards the end of Dec, so it has time to prevent erosion.
I just saw a graveyard cross starting on todays prices, that shows there was a push up then down again as the high prices werent sustainable...that hints to a minor top. Below is my in. And I might have to wait a week until it pays off.
Thats all for today, I will post more tomorrow.
Tradinginsider
I just saw a graveyard cross starting on todays prices, that shows there was a push up then down again as the high prices werent sustainable...that hints to a minor top. Below is my in. And I might have to wait a week until it pays off.
SPY Dec 2015 208.000 put (SPY151219P00208000)
-OPR
4.19 0.19(4.75%) 2:15PM EST
0.19(4.75%) 2:15PM EST| Prev Close: | 4.00 |
|---|---|
| Open: | 3.76 |
| Bid: | 4.17 |
| Ask: | 4.19 |
| Strike: | 208.00 |
| Expire Date: | 19-Dec-15 |
| Day's Range: | 3.75 - 4.43 |
|---|---|
| Contract Range: | N/A - N/A |
| Volume: | 3,810 |
| Open Interest: | 46,000 |
Tradinginsider
Here is whats happening
The market started to pull back, but it didnt pull back as hard as I had accepted, so I got out of my two puts with a sliver of profit between them and I decided to step back and take a look at the market as a whole. Where is this thing going? Is the pullback going to continue, and how hard will it continue is some questions I am investigating today.
I will add a chart later to show you my findings. For now we are out with all cash, besides that Constant Contact from the other week that we continue to hold looking for lotto on that one.
You can see it got hit with a couple of downgrades and negative sentiment, but investors still cling to the blind hope of a buyout next year. One piece of bad news, one bit of maybe it wont happen, one whiff of a lawsuit or injunction, and our put will jump from .10 to whatever. Or shall I say, new cadillac in the driveway. Not a bad bet for such a small in. I love lotto tickets.
Thats all for now, see you near close,
Tradinginsider
I will add a chart later to show you my findings. For now we are out with all cash, besides that Constant Contact from the other week that we continue to hold looking for lotto on that one.
You can see it got hit with a couple of downgrades and negative sentiment, but investors still cling to the blind hope of a buyout next year. One piece of bad news, one bit of maybe it wont happen, one whiff of a lawsuit or injunction, and our put will jump from .10 to whatever. Or shall I say, new cadillac in the driveway. Not a bad bet for such a small in. I love lotto tickets.
Thats all for now, see you near close,
Tradinginsider
Exit that QQQ shorter term put from the other day also
We are also getting out of that other put I posted that had the wierd typeface from the other day...here it is:
And below is our exit with a slight loss of two pennies:
Looking for other opps today. Not everything is a home run, but things are going pretty good. 47% profit one day the other day ago..
Tradinginsider
And below is our exit with a slight loss of two pennies:
Looking for other opps today. Not everything is a home run, but things are going pretty good. 47% profit one day the other day ago..
Tradinginsider
Exit Dec QQQ option
Today we exit that QQQ dec option for profit:
Not a huge profit, actually it was up well above 4 dollars a day ago but I didnt exit then. Just goes to show you that when you see money on the table, take it.
We are looking around today for other opps.
Tradinginsider
Not a huge profit, actually it was up well above 4 dollars a day ago but I didnt exit then. Just goes to show you that when you see money on the table, take it.
We are looking around today for other opps.
Tradinginsider
Tuesday, November 10, 2015
Purchase QQQ puts
This morning we purchase some QQQ puts.
Our in:
I will be keeping an eye on this. Remember, we also have Dec puts as well.
Tradinginsider
Our in:
I will be keeping an eye on this. Remember, we also have Dec puts as well.
Tradinginsider
Monday, November 9, 2015
here is how our longer term put is doing
Our longer term put is at this price:
We have seen that the market is starting to drop and I think it will continue to do so. We got in on this put at 3.31 and it is currently at 4.10. It is difficult not to sell and lock in the money. But we are going to hold for another few down days.
Tradinginsider
SPY Dec 2015 210.000 put (SPY151204P00210000)
-OPR
Watchlist
4.10 1.26(44.37%) 2:27PM EST
1.26(44.37%) 2:27PM EST| Prev Close: | 2.84 |
|---|---|
| Open: | 3.23 |
| Bid: | 4.01 |
| Ask: | 4.11 |
| Strike: | 210.00 |
| Expire Date: | 4-Dec-15 |
| Day's Range: | 3.19 - 4.60 |
|---|---|
| Contract Range: | N/A - N/A |
| Volume: | 422 |
| Open Interest: | 1,935 |
Tradinginsider
Exit todays put for 47% same day profit
BOOM. we exit our same day put for today:
Wow. We just made 47% today. Lets think about that. Most people make 10% a year if they are lucky. How about it?
More later today
Tradinginsider
Wow. We just made 47% today. Lets think about that. Most people make 10% a year if they are lucky. How about it?
More later today
Tradinginsider
SPY put for today
Here is our in, I think things are going to drop now that I see todays chart:
Will update as it comes.
Tradinginsider
Will update as it comes.
Tradinginsider
Sunday, November 8, 2015
I expect the markets to continue to climb this week
...baring any bad news. Why do I think this? Because of the technical charts:
As you can see all the indicators are showing upward continuation. However the candlesticks have shown a reversal several days ago and we have been wandering downward ever since. So to combine these signals I think we are going to wander downward a bit, but then continue upward in the big picture after 2-3 days of sideways/down. In other words, Im not selling my put yet, Im going to wait a few days.
Tradinginsider
As you can see all the indicators are showing upward continuation. However the candlesticks have shown a reversal several days ago and we have been wandering downward ever since. So to combine these signals I think we are going to wander downward a bit, but then continue upward in the big picture after 2-3 days of sideways/down. In other words, Im not selling my put yet, Im going to wait a few days.
Tradinginsider
Friday, November 6, 2015
Thats all for today
Today things went sideways, not too profitable. We are going to see how things go tomorrow. Have a good evening.
Tradinginsider
Tradinginsider
exit same day put for even money
Thats wierd..Twice today we got in and got out at even money...
Make nothing, lose nothing. The market was moving sideways today.
Tradinginsider
Make nothing, lose nothing. The market was moving sideways today.
Tradinginsider
A QQQ put for today
Two things:
1. The premarkets were down 15 min before open
2. The technical charts say there should be a drop
Lets see if this is right..I am going to purchase a soon to expire QQQ put option that I will sell by the end of the day:
Thats all for now
Tradinginsider
1. The premarkets were down 15 min before open
2. The technical charts say there should be a drop
Lets see if this is right..I am going to purchase a soon to expire QQQ put option that I will sell by the end of the day:
Thats all for now
Tradinginsider
Morning Gap Fade...no loss, no gain
Strange...we lose nor gain anything with the morning gap play. Boo. We get out at the same place that we got in:
We will try this again Monday.
On to other opportunites.
Tradinginsider
We will try this again Monday.
On to other opportunites.
Tradinginsider
gap fade play
THis morning we are going to attempt to play the gap fade in the morning: Our in
We will be getting out of this in about an hour or so.
Tradinginsider
We will be getting out of this in about an hour or so.
Tradinginsider
Thursday, November 5, 2015
Here is what I am thinking for tomorrow.
It appears on the chart (see my last post) that we have had a reverse double hammer show up on the chart which signals a top.
I will now be doing two things:
1. A longer term put/call on the direction of the market that I will hold for a few days unless there is a big movement where I just have to take the money. This move will be decided upon by the charts at times I see a top or a bottom.
2. Daily plays where I follow the trend. I will wait and see if there is a market gap fade in the morning and about 1.5 hrs into the trading day I will be able to ascertain the direction of the market, and purchase a very close to expiration put for maximum movement on the direction of that day in the market and then exit that position before the market closes that day.
Also interspersed with that, I will be doing some updates on some blue chips such as Google, Apple, and others. I will also have some other picks here and there, but I will mainly concentrate on ETF's, seeing I do pretty well with them.
So I already have a longer term put that I bought yesterday that expires in December. I hope that the market really did trigger a top signal with that reverse double hammer and we have a few down days expanding the value of my put. In the meantime, I will jump in with puts or calls at about 1045 am Chicago time and exit those soon to expire (some times even in a day or two) volatile put/calls the same day. I will never hold the same day options overnight, only the longer term ones that I pick based on technical analysis. The daily options I do will be based on if the futures were up or down 15 minutes before open as well as what the Asian markets did the night before. Plus I also wait for the gap fade on days I am not playing the gap fade.
I am sitting here in a northwestern suburb of Chicago at the kitchen table at 11:53 pm with the dishwasher running behind me with a kitchen table light shining above me, much like a card table light. Its been a long day, Ive done a lot of stuff and I think I am going to turn in.
Well tomorrow is another day in the market, lets see if we can't squeeze 10-20% out of it tomorrow.
Tradinginsider
I will now be doing two things:
1. A longer term put/call on the direction of the market that I will hold for a few days unless there is a big movement where I just have to take the money. This move will be decided upon by the charts at times I see a top or a bottom.
2. Daily plays where I follow the trend. I will wait and see if there is a market gap fade in the morning and about 1.5 hrs into the trading day I will be able to ascertain the direction of the market, and purchase a very close to expiration put for maximum movement on the direction of that day in the market and then exit that position before the market closes that day.
Also interspersed with that, I will be doing some updates on some blue chips such as Google, Apple, and others. I will also have some other picks here and there, but I will mainly concentrate on ETF's, seeing I do pretty well with them.
So I already have a longer term put that I bought yesterday that expires in December. I hope that the market really did trigger a top signal with that reverse double hammer and we have a few down days expanding the value of my put. In the meantime, I will jump in with puts or calls at about 1045 am Chicago time and exit those soon to expire (some times even in a day or two) volatile put/calls the same day. I will never hold the same day options overnight, only the longer term ones that I pick based on technical analysis. The daily options I do will be based on if the futures were up or down 15 minutes before open as well as what the Asian markets did the night before. Plus I also wait for the gap fade on days I am not playing the gap fade.
I am sitting here in a northwestern suburb of Chicago at the kitchen table at 11:53 pm with the dishwasher running behind me with a kitchen table light shining above me, much like a card table light. Its been a long day, Ive done a lot of stuff and I think I am going to turn in.
Well tomorrow is another day in the market, lets see if we can't squeeze 10-20% out of it tomorrow.
Tradinginsider
Thats all for today
Have a good evening and hold onto those SPY puts and we will see what happens tomorrow!
Tradinginsider
Tradinginsider
The Reason I think the market is short term topped
I think several things from the Fed waffling around with the interest rates like a kid too scared to jump in a cold swimming pool to the technicals on the technical charts of the NASDAQ is reason that we are going to have a pullback.
Since I figured that we are going to have a pullback, I wanted to position myself to be able to take advantage of this. Consider the below chart:
I saw what looked like a double reverse hammer top signal(circled) and that usually shows that a top is happening. Now grant you, upon closer examination the out of the two hammers circled, the left one has something a bit wrong with it by having a bit of a bottom tail, but the top tail is longer. The next candle in the circle is perfect. A hammer with no upper tail.
So besides me making money via following the trend and fading the gap like I did in the morning, this trade that expires in Dec. is a bit longer term, as this is a longer move trade. The option is a little expensive and would have to move a lot to double, but it is what it is and I am executing as best as I can with the info I have.
I do expect this to work. In the advent that the market suddenly starts climbing again I will wait for a more definite top signal then double down. Until then if that happens I should still be able to make inter-day plays like I have been.
More Later!
Tradinginsider
Since I figured that we are going to have a pullback, I wanted to position myself to be able to take advantage of this. Consider the below chart:
I saw what looked like a double reverse hammer top signal(circled) and that usually shows that a top is happening. Now grant you, upon closer examination the out of the two hammers circled, the left one has something a bit wrong with it by having a bit of a bottom tail, but the top tail is longer. The next candle in the circle is perfect. A hammer with no upper tail.
So besides me making money via following the trend and fading the gap like I did in the morning, this trade that expires in Dec. is a bit longer term, as this is a longer move trade. The option is a little expensive and would have to move a lot to double, but it is what it is and I am executing as best as I can with the info I have.
I do expect this to work. In the advent that the market suddenly starts climbing again I will wait for a more definite top signal then double down. Until then if that happens I should still be able to make inter-day plays like I have been.
More Later!
Tradinginsider
Chart said double hammer...
SO I am going to go with that. That means a short term drop, or reversal.
My in:
This expires in Dec to give us a bit more time and less erosion.
Tradinginsider
My in:
SPY Dec 2015 210.000 put (SPY151204P00210000)
-OPR Watchlist
3.31 
0.12(3.76%) 11:37AM EST
0.12(3.76%) 11:37AM EST| Prev Close: | 3.19 |
|---|---|
| Open: | 2.98 |
| Bid: | 3.35 |
| Ask: | 3.41 |
| Strike: | 210.00 |
| Expire Date: | 4-Dec-15 |
| Day's Range: | 2.73 - 3.60 |
|---|---|
| Contract Range: | N/A - N/A |
| Volume: | 372 |
| Open Interest: | 996 |
This expires in Dec to give us a bit more time and less erosion.
Tradinginsider
exit double down qqq put for profit
Today we exit yesterdays double down put for profit:
Looking around for other stuff.
Tradinginsider
QQQ Nov 2015 115.000 put (QQQ151113P00115000)
-OPR Watchlist
1.49 0.41(37.96%) 10:54AM EST
0.41(37.96%) 10:54AM EST| Prev Close: | 1.08 |
|---|---|
| Open: | 1.02 |
| Bid: | 1.43 |
| Ask: | 1.47 |
| Strike: | 115.00 |
| Expire Date: | 13-Nov-15 |
Looking around for other stuff.
Tradinginsider
Wednesday, November 4, 2015
double down QQQ puts
Looks like a double reversal hammer, showing top. I hope the market doesnt change later in the last hour. Our in:
We are going to hold this over night through tomorrow.
Tradinginsider
We are going to hold this over night through tomorrow.
Tradinginsider
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