Recent content by straddler

on the 10 min, looks like a set up here to touch the 820 gap. Having tech issues so I can't chart here.

This looks like a good entry based on a fib retrace of the move off of the December lows. We held 815 in December, rallied to 930 in January. I would look for another rally to 930 to at least give the shorts a chance to get stopped out.

"When Genius Failed". See how selling vol can wipe you out, even with a couple of Nobel Prizes.

It seems the front month is being liquidated. If you look a the deferreds, they are at a more "reasonable" level. The 1991 high of 41, which was also the 2004 breakout should be some kind of support. USO seems a good vehicle to me. It has adjusted well on the way down.

Ambitious yes, but a 50 VIX level has this move already priced in. Just looking for a retracement of the October downmove. With the 200 day sitting at 1200 right now, I'd say it is a pretty decent target. Using backspreads in the options market, letting the skew and vol give me the edge in...

Nitro, You have been spot on as of late. I agree with you, market "should be" higher. Looks like expiration/light volume/shortened trading week could give us the push we need. Target for me is break down of 1170 level.

In-a-gotta-da-vita baby.

Quote from optioncoach: I never attended OASIS. I have spoken with people who attend Optionetics and my biggest problem is that they jam pack a lot of intermediate information into a 3 day seminar for beginners without building a strong foundation of the basics (option pricing, greeks...

My take on the book went beyond derivatives, and straight into ego. The fund would have survived the hit taken on the credit side. The problem was, the ego's had them put their "model" into the equity markets. As an option trader, I have learned that there is no "normal" level of volatility...

Sounds like a delayed print. Probably some idiot on the desk forgot to print the trade at the time of execution. Happens all the time. Check the tape to see.

$5.75 9x 2008 expected PE. Pretty cheap play for small cap. Looking at $9.40 on a market multiple.

Please stop trading options until you understand what your risk is. It is clear that this is the problem right now.

With the VIX in single digits, I am buying JAN 08 OEX puts. Look at the 560 or 540 lines if you want to lock in some long term gains and give your self some wiggle room. I also have a large cushion of cash getting paid at 5%. This pays for the premium effectively collaring the portfolio to a...

.60 upside, 4.40 downside. I'd say the odds are not in your favor. See reverse of NFLD if FDA approves. These can double, but I like the back spread better in these names.

Probably the firm who had the 21mm shares to buy market on close. They printed it 29.40 when the ecn's were crossed at 29.08. Nice leg into that reversal.