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Hi guys, How do you interpret the volume spike on Dec 16? ( S&P500 ) I really don't get it.

Why would this be a good straddle play? Don't you think RIMM's earning surprises have been works into option prices?

Here is what I see. You have an inverse head shoulders, and the neckline is the neckline of a new head and shoulders.

No, If the volatility continues in the same direction the return is greater. Market: +10%, +10% 2x Leveraged: +20%, +20% net return market: +21% 2x leveraged: +44% The market was up a total of 21 percent but the ETF was up 44 percent which MORE than double the market. It...

Did you not just read my post?

Volatility is not against against you. Market: +10%, +10% 2x Leveraged: +20%, +20% net return market: +21% 2x leveraged: +44% 44 > 21 x 2 So volatility can be with or against you

I use the free charts with ads. To get the daily chart of a week to two, you first set it to 3months on the bottom, this should give you a daily chart. Then go to the bottom and drag the little blue thing to make the chart more zoomed in until its 1 week or two. What is expiry action?

Not wrong, but you can't forget the volume, it's bearish. However its definitely possible to see a run up. I'm currently long SPXU (short ES equivalent) but the second I see a close above the triangle Im switching my position to UPRO (long ES equivalent). I'm using freestockcharts.com...

How are you feeling about the SPX daily? Where do you think its going and why? To me everything looks very bearish, 1. you have huge run up that peaks on high volume (day of cancelation of greek referendum) 2. The next big volume afterwards is quite a crash 3. prices consolidate at high levels...

%100 true, I am a newb to trading. Since August 1 2011, I turned $500 to $5000

I trade daily chart, so I think my short target is a lot further then yours. I'm short SPX, I'm going to see how price reacts at 1117 ish, I might decide to get out then. If I decide to stay in I'll have Cover Limit at 1040 That might seem a little overoptimistic, but if you look at how the...

I think he means having the same risk.

You are only missing the dividends. Actually, you have less risk in ITM Call position, because if SPY takes a hard hit your ITM Calls will begin to show time value, plus that time value will have huge IV because of the inverse correlation between the VIX and SPY (Your calls would still be...

I was thinking about OTM Oil Call options, but I don't think Ill end up going through with it..... Having USD is probably better anyway

I trade daily chart, I'm not a day trader.

Hi, I trade SPX on a daily chart. I mainly focus on trend lines and volume, but I also use inter-market analysis, fundamentals and news events. Basically I am an objective trader looking for a partner to exchange views about he market a few times a week. Anyone interested?

No sorry, when I'm up I feel great, but when I'm down I don't feel bad at all. And by the way always remember that you are a person not a machine, your system should have perfectly defined rules, you are just gaining experience when you lose that will help you in the long run.

I don't own any apple. However I've started putting a small amount of money into long term puts. Its the only way to play a bubble. Shorting AAPL would be a bad decision IMHO because you never know when the bubble will burst, but when it does, those puts will make you a lot of money.

Me too, I'm thinking 1040 is next support. Hopefully there will be a pullback though, because I thought today would be be a wick and I had no time to switch my position, I need to get another opportunity to enter.

I am a relatively conservative trader, so I will open a new trade maybe once per two weeks. There are times when I take in a big profit and then a new trade shows up, so I enter this new trade right after exiting an old one which was highly profitable. Heres the problem: In this new trade my...