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The RUT is still dinking around the 485-495 area. The 50 day avg is sitting around 496 so we're essentially hovering around it. The bears can't seem to crack that 487-490 area because everytime dip buyers move in. If we do break this 490 area on a closing basis then I am expecting a...

All 7 of my junQ iwm calls were assigned to me before the open today. So right now I'm short 700 shares of iwm instead of being short 7 calls which is essentially the samething since they were so in the money. I'll probably have to pay out for a small dividend on the shares but not a big deal...

So far we did get a selloff to retest the 50 day EMA's and all 3 indexes held and rallied off the retests. So now we have scenario #2 playing out where we got a week of consolidation. The market is in a mixed read so far. I was wrong about the golden cross on the Naz occuring today, if you...

Yup got my letter informing me that they are raising my minimum payment to 5% on Monday starting in August. My payment is going from $352 to $880 to which my response is....who cares! Besides, every month your minimum payment drops as the debt goes down. I would assume that anybody that took...

Typically the summer months tend to be quite slow and boring. However, this time around we have the potential for some pretty interesting times for us stock market junkies. I'm of course looking at the good old Naz. Another significant event is about to occur, specifically the golden cross on...

Looking forward into july, the way I am going to play it is that the probability is high that we will retest the 50 day EMA on RUT which is at 493.19. The first 3 days of this week would be a good time to do the test on low to moderate volume as people do some more profit taking before the fed...

I had a bunch of june RUT and iwm positions expire. All my open RUT june put and call spreads expired in the money and I closed my 54 iwms for 258.75, 268.75, 268.75, and 268.90. I closed my 53 iwms for 165.45, 161.75, and 151.75. So here is the list of the gains and losses for the positions...

Well the S&P never really broke its 200 day EMA cleanly and as a result the first attempt by the RUT, Naz, and S&P failed to hold above the 200. The RUT has also fallen below its 10, 20, and 200 day EMAs. Whats more the RUT tried retesting and was slapped down by the 20 day which is around 511...

Speaking of GE...... 1,215,747 call options bought at the 10 call strike for June today? Gotta be a misprint of some sort, otherwise some big boy is gonna have a life time supply of stripper cash while somebody else is going to try and learn to fly out their office window.

Yes I am adding to the put side just under the 50 day. I'm probably just going to add a couple of positions. At this point I don't want to overdo it and get run over trying to pick up a few bucks. Nothing worse than turning a small loss into a blow up. I added the following on friday: bot...

Yes you are correct. This was a case of human emotion getting in the way. When I was paper trading this last year, I moved my spreads up closer to the money everytime which alleviated losses in a big way. So yes the rule of the strategy is to move these spreads up. Unfortunately I got in my...

Thanks, I'm open to suggestions on improving. As much as I HATE losing money, this frustrating rally has been interesting to trade and its apparant I need to do some more tweaking. I'll just be happy when this option cycle is over and I can take my lumps! :) Looking at the market, this...

We got a nice pullback most of the day, however the S&P bounced right off the 10 day avg (926.43) the days low was 926.44 so unfortunately the bounce on the S&P dragged the RUT off the lows as well. Not that it matters because it looks like the 520 level which was previously resistance is...

So far the Nasdaq and RUT have both broken the 200 day EMA, the only one holding up the show is the S&P. The 200 day on the S&P has been right around 943 the past week and so far that has held. Basically all 3 indexes must break their respective 200 day EMA's in order to form solid support at...

We finally got the move up to the 200 day EMA on the S&P. Right now the Naz and RUT have both broken through their 200 day EMA but the S&P closed just below it. All three indexes must break the 200 day to really confirm the move so lets see if the S&P can break through and hold for a few days...

I went ahead and added the following position today: bot jun 530/520 put/short jun 52 iwm put @ cost of $403 This position is profitable down to about RUT 460. If we get that low then I can go ahead and close my 37 and 39 call positions. Even if we break the 200 day (currently around...

I've been hoping they'd move to a 20-30% flat tax plus a VAT and eliminate the socialist garbage the dems and repubs have been forcing on us for awhile. Maybe running these massive deficits will finally open some eyes as these tards in washington realize the fallout from this debt is going to...

We got a nice bounce off the 20 day on S&P and now lets see if we get the move to the 940 range this week. I am looking to start establishing some additional call and put positions expiring in june to makeup for some losses suffered from my DITM short calls. I'll probably start slowly adding...

I decided to go ahead and do a small buy the dip on this move down. I added the following: bot jun 440/450 call @ cost of $742 I'm still viewing this as a standard pullback. Until we get a break of the 50 day which is around 467, I'm going to view this as a dip buying opportunity...

Up until this past monday the available option schedules were bad. I would have had to trade the sept RUT positions with short septQ iwms which is just waaaay to far away. So I decided to just concentrate on may and june. They've finally opened up july which I'm looking at but right now just...