AXP - again you are flat out wrong. Now you are contending (correctly) that we already took out one caller and made a nice profit so somehow the secondary profit on the other caller is a negative. Of course if you were a real member you would bring this up in member chat rather than here and if you were a real member you would have read our strategy section or you would have heard me say perhaps 3 times that day to take callers our we were more than 50% ahead on (and with us being up over 80% on AXP, that would qualify becuase 80% is BIGGER than 50%).
SNE - same thing, the math is just too tedious to go into but it's a break-even position. Seriously, out of 200 open positions those are the best you can do? Right above this comment, at the end of the post are 4 picks that were made pre-market and generated stunning one-day returns, there are 174 free picks made right here on SA in the past 12 months, why don't you make a tracking form and see how they all turned out? Our goals are to make 20% profits and then set trailing stops of 20% of the profits - just follow those very simple rules and see how it goes. I think the body of work speaks for itself as does my work every single day. If it makes you feel better, I have a hedge fund starting next quarter and that will be publicly audited, you can have fun tracking that as well!
NYMEX - they have rules that make it painless to roll contacts to the next month and if you track the totals here:
You'll see all they really do on any given day is shuffle contracts from one month to another so this time next month October will have 300K contracts (+ 200K) and Nov will have 120K (+50K) and 20 or 30K will be distributed to other months and they will close Sept around Aug 20th with less than 40K contracts (1,000 barrels per contract).
You'll notice also the incredible volume of trading while Open Interest barely changes each day. That's churning, plain and simple and the churn rate on the NYMEX is 6Bn barrels (6M contracts) in a typical month with only 20-40M barrels delivered (20-30K contracts). That's just a joke.
Trading is down this week as several scammers have cut back activity while the regulators are walking the floor but the second the heat is off, they will go back in business unless real oversight is put in place.
Do you actully say these things to make a fool of yourself or is that just a natural extentsion of your communications?
AXP earnings were 7/21 after markets. Our spreadsheet of 7/18 had the Jan $45/Aug $40 spread. I would say that lying to make your point is beneath you but that's 3 consecutive posts in a row that you are exposed for the BS you attach to your own name.
Also, your timing is just terrible as we took out our caller on yesterday's dip and now they gained $2, running our long calls up 30% in one day. I hope all my "bad trades" do so well.
BIDU - again your astounding lack of comprehension makes me very sad for you. We took the BIDU play on 7/23 with the following 12:55 comment (I don't know if this will format correctly):
"Bidufly for butterfly collection. Costs $8,740 cash and $4K in margin with profit of $2K+ between $260 and $320 (break even way down at $250/$350) and, of course, it’s rollable. We’ll go with 2 in Butterfly Portfolio XXX"
Buy 2 BIDU DEC 2008 300 Call (.BDULZ) $46.80 $9,360.00 Sell -2 BIDU AUG 2008 290 Call (.BDUHY) $23.30 ($4,660.00) Sell -2 BIDU AUG 2008 290 Put (.BDUTY) $19.70 ($3,940.00) Buy 2 BIDU DEC 2008 280 Put (.BDUXX) $39.70 $7,940.00
So (and I will type this very slowly so you will understand it) our break even points on the trade were between $249.26 and $351.29, which means a-n-y-t-h-i-n-g in between those 2 strikes (that would be higher than $249.26 or lower than $351.29) would make a profit. Let me know if this is going too quickly for you...
So BIDU running up to $344 after earnings was LESS than $351.29 so what do you think happened (I'll give you a few minutes to get a pencil and paper to work this out - feel free to phone a friend if there are people who can stand you)? That's right BS, it's a profit!
So profitable, in fact that we were able to take out the $290 puts we sold for an 82% one-day profit ($3,534), rolled our own December $280 puts up to the December $300 puts (that would be a better put because having a higer strike means you make more on the way down) and then were able to sell the Aug $330 puts for yet another $3,190 and we used some of that money to roll our $300 caller out of the money to the $330 calls, collecting yet another $3,000 in premiums AND WE STILL HAVE 3 MORE MONTHS OF PREMIUMS TO SELL!
Again, your astounding lack of knowledge just blows me away. One would think that you were purposely distorting the truth in order to slander me if one didn't know you were such a low functioning individual who is simply to be pitied...
AMZN - same thing, it's right on track and do you even follow the markets? AMZN gained $2.30 today so it's right on track to the targets we adjusted for yesterday. Again, the total lack of comprehension is very difficult to get past, perhaps there is a remedial site where you would be more comfortable?
OIH - my 9:42 comment to members on OIH was "Market held up well off a bad open so far, oil co’s are heading down again as oil can’t even hold $125 with Iran pumping up the rhetoric volume and that is just terrible for oil bulls. OIH is primed for a test of $185 and if they break below that things will be ugly so let’s start scaliing into 5 $190 puts at $6.50 in the DTP and we’ll offer to roll them up to the $195 puts for $2 and to the $200 puts for another $2 whenre we will double down. If we can sell the $185 puts for $5, let’s do that to make the spread."
Following that course we ended up with 10 $200 puts at an average entry of $9.75 and they sold today for $14.15 so, are you being sarcastic or did you actually realize that trade worked?
SNE - Also a covered spread of the Aug $40s, that were sold for $2.90 against the Jan $40s that had a basis of $5.90. With the Aug callers wiped out on the dip, the basis reduces to $3 and the Jans are now trading at $2.75, a loss of .25 with only 4 months remaining to sell more calls against the position. OK, you've got me, it was a catastrophe (that is me being sarcastic, as I'm sure the subtlety escapes you).
That's 3 days in a row you attack me with totally unsubstantiated nonsense, whatever your agenda is, it can be clearly tracked by anyone clicking on your pseudonym (lack of guts is obvious there) who can witness the daily failed attacks you put together. I don't get tired of this, I review my trades on a regular basis to see how they perform so I can improve my performance - for me, this is exercise. I don't know what it is for you....
I did read that re. the financing of the buyout and I decided I don't mind as MER makes a bonus 4.5% on the loan and I do believe that the average home in America is worth 22 cents on the dollar. I would have to call 5 cents on the dollar a decidedly negative way to spin the value of a home loan but that's what makes a market right!
We counted on that reaction today, loaded up the truck on MER and other financials and had a pretty good day. It doesn't mean my long premise is right and Whitney is wrong or vs. vs - only time will really tell how extensive the damage is but we're effectively buying into the dips now on a regular basis (but covering or getting out EOD as we're not that in love with the financials) and it's kind of a fun way to play it until things settle down.
Options Trader: Tuesday Outlook [View article]
SNE - same thing, the math is just too tedious to go into but it's a break-even position. Seriously, out of 200 open positions those are the best you can do? Right above this comment, at the end of the post are 4 picks that were made pre-market and generated stunning one-day returns, there are 174 free picks made right here on SA in the past 12 months, why don't you make a tracking form and see how they all turned out? Our goals are to make 20% profits and then set trailing stops of 20% of the profits - just follow those very simple rules and see how it goes. I think the body of work speaks for itself as does my work every single day. If it makes you feel better, I have a hedge fund starting next quarter and that will be publicly audited, you can have fun tracking that as well!
NYMEX - they have rules that make it painless to roll contacts to the next month and if you track the totals here:
futures.tradingcharts....
You'll see all they really do on any given day is shuffle contracts from one month to another so this time next month October will have 300K contracts (+ 200K) and Nov will have 120K (+50K) and 20 or 30K will be distributed to other months and they will close Sept around Aug 20th with less than 40K contracts (1,000 barrels per contract).
You'll notice also the incredible volume of trading while Open Interest barely changes each day. That's churning, plain and simple and the churn rate on the NYMEX is 6Bn barrels (6M contracts) in a typical month with only 20-40M barrels delivered (20-30K contracts). That's just a joke.
Trading is down this week as several scammers have cut back activity while the regulators are walking the floor but the second the heat is off, they will go back in business unless real oversight is put in place.
Options Trader: Tuesday Outlook [View article]
AXP earnings were 7/21 after markets. Our spreadsheet of 7/18 had the Jan $45/Aug $40 spread. I would say that lying to make your point is beneath you but that's 3 consecutive posts in a row that you are exposed for the BS you attach to your own name.
Also, your timing is just terrible as we took out our caller on yesterday's dip and now they gained $2, running our long calls up 30% in one day. I hope all my "bad trades" do so well.
BIDU - again your astounding lack of comprehension makes me very sad for you. We took the BIDU play on 7/23 with the following 12:55 comment (I don't know if this will format correctly):
"Bidufly for butterfly collection. Costs $8,740 cash and $4K in margin with profit of $2K+ between $260 and $320 (break even way down at $250/$350) and, of course, it’s rollable. We’ll go with 2 in Butterfly Portfolio XXX"
Buy 2 BIDU DEC 2008 300 Call (.BDULZ) $46.80 $9,360.00
Sell -2 BIDU AUG 2008 290 Call (.BDUHY) $23.30 ($4,660.00)
Sell -2 BIDU AUG 2008 290 Put (.BDUTY) $19.70 ($3,940.00)
Buy 2 BIDU DEC 2008 280 Put (.BDUXX) $39.70 $7,940.00
Price - Profit/Loss
$249.76 $0
$260.00 $2,053
$270.00 $4,058
$280.00 $6,063
$290.00 $8,396
$300.00 $6,744
$310.00 $5,437
$320.00 $4,129
$351.59 $0
So (and I will type this very slowly so you will understand it) our break even points on the trade were between $249.26 and $351.29, which means a-n-y-t-h-i-n-g in between those 2 strikes (that would be higher than $249.26 or lower than $351.29) would make a profit. Let me know if this is going too quickly for you...
So BIDU running up to $344 after earnings was LESS than $351.29 so what do you think happened (I'll give you a few minutes to get a pencil and paper to work this out - feel free to phone a friend if there are people who can stand you)? That's right BS, it's a profit!
So profitable, in fact that we were able to take out the $290 puts we sold for an 82% one-day profit ($3,534), rolled our own December $280 puts up to the December $300 puts (that would be a better put because having a higer strike means you make more on the way down) and then were able to sell the Aug $330 puts for yet another $3,190 and we used some of that money to roll our $300 caller out of the money to the $330 calls, collecting yet another $3,000 in premiums AND WE STILL HAVE 3 MORE MONTHS OF PREMIUMS TO SELL!
Again, your astounding lack of knowledge just blows me away. One would think that you were purposely distorting the truth in order to slander me if one didn't know you were such a low functioning individual who is simply to be pitied...
AMZN - same thing, it's right on track and do you even follow the markets? AMZN gained $2.30 today so it's right on track to the targets we adjusted for yesterday. Again, the total lack of comprehension is very difficult to get past, perhaps there is a remedial site where you would be more comfortable?
OIH - my 9:42 comment to members on OIH was "Market held up well off a bad open so far, oil co’s are heading down again as oil can’t even hold $125 with Iran pumping up the rhetoric volume and that is just terrible for oil bulls. OIH is primed for a test of $185 and if they break below that things will be ugly so let’s start scaliing into 5 $190 puts at $6.50 in the DTP and we’ll offer to roll them up to the $195 puts for $2 and to the $200 puts for another $2 whenre we will double down. If we can sell the $185 puts for $5, let’s do that to make the spread."
Following that course we ended up with 10 $200 puts at an average entry of $9.75 and they sold today for $14.15 so, are you being sarcastic or did you actually realize that trade worked?
SNE - Also a covered spread of the Aug $40s, that were sold for $2.90 against the Jan $40s that had a basis of $5.90. With the Aug callers wiped out on the dip, the basis reduces to $3 and the Jans are now trading at $2.75, a loss of .25 with only 4 months remaining to sell more calls against the position. OK, you've got me, it was a catastrophe (that is me being sarcastic, as I'm sure the subtlety escapes you).
That's 3 days in a row you attack me with totally unsubstantiated nonsense, whatever your agenda is, it can be clearly tracked by anyone clicking on your pseudonym (lack of guts is obvious there) who can witness the daily failed attacks you put together. I don't get tired of this, I review my trades on a regular basis to see how they perform so I can improve my performance - for me, this is exercise. I don't know what it is for you....
Options Trader: Tuesday Outlook [View article]
We counted on that reaction today, loaded up the truck on MER and other financials and had a pretty good day. It doesn't mean my long premise is right and Whitney is wrong or vs. vs - only time will really tell how extensive the damage is but we're effectively buying into the dips now on a regular basis (but covering or getting out EOD as we're not that in love with the financials) and it's kind of a fun way to play it until things settle down.