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Good grief, I go on vacation for 1 week and the bears run wild on wallstreet! :) The good thing is that there is plenty of time left in my feb positions to let the market do its thing and wait for a good exit opportunity. It looks like we finally got a breakdown out of the consolidation...

Arrrgh so here is a perfect example of how real life and paper trading differ. So one of the main reasons I've been wanting to close everything out is that I'm taking the family on a week long vacation next week with probably limited to no access to the market. And the biggest scam in...

Yes thats been my experience as well. Usually surviving November is the key when layoffs are coming. I would think that most big companies have done their layoffs for the first round. I'd expect round two to be in April as companies see how the 1st quarter goes. Only companies laying off in...

Yes thats correct. The hedge is there to offset the cost of purchasing the ITM RUT spread. Time premium works in the opposite way when these positions are put on. The ITM RUT spread is gaining time premium as long as its stays in the money while the IWM hedge is constantly losing time premium...

Thanks, not the most exciting style of trading because I'm expecting a lot of months to be flat or small gains or losses. But I'm hoping to score some big ones once in a while!

We got a nice pullback today and now it looks a little blurry. The RUT held the 50 day support which is a win, but the other indexes broke their support levels so now the question is that is RUT lagging or is it still leading. Either way I was looking to close jan positions out before friday...

Still not a bear to be found on wall street right now. We entered that 515 - 520 resistance area today and sold off it. I'm not too convinced that this level will do more than maybe hold the market in check for a couple of days. The key might be the reaction to the jobs report that...

Nice consolidation day today. Bears tried to take it down but failed miserably and the bulls failed miserably as well....but the bulls managed to hold the market above support so this is still pretty bullish. I decided to go ahead and close the following 2 positions today: bot jan 470/460...

And the rally continues, its slightly more convincing because now all the major indexes Dow, S&P, and Nasdaq joined the RUT in closing above the 50 day EMA's which is bullish, now we just need the final piece is follow through next week on good volume to really neuter some bears. I might get...

Yes that is correct. Typically I trade all the small positions within the month as one giant position so all these smaller spreads are just small pieces where some will fail and others will pick up the slack. The 490/500 was based on the following assumption: If RUT closes at 490 on the...

Well there it is, we printed 503 and change on the RUT today. Of course I'm still not convinced but who cares about what I think :) Now is when things get a little more interesting if we do indeed keep going higher. For now I did go and adjust the following position: bot jan 400/410...

Thanks for the great questions as looking at the market right now I'm facing the delimmas you've mentioned in your two questions. So far volatility has not been too nasty on how well this strategy has worked because typically what you get is giant moves up and down but usually end up in the...

Looks like we're inching closer to that 500 level, its anyones guess if it holds or not. In the meantime I added another feb put position. bot jan 460/450 put/short jan 45 iwm put@ cost of $47 bot jan 470/460 put/short jan 46 iwm put@ cost of $52.06 bot jan 480/470 put/short jan 47 iwm...

I agree with you. Its basically like 2 children fighing for the sake of fighting. A lot of attrocities were carried out by the europeans and native americans at the beginning of the US....but overtime I think both have come to terms with it. Yeah native americans aren't totally thrilled with...

Is the US still sending hard earned tax dollars to Israel and the Palestinians in the form of "aid"? I thought the US had stopped after Hamas took over...just wondering where my tax dollars are ending up.....

Sort of an interesting day today. Another low volume day so can't take too much out of it but it was nice to see a decent move in the RUT compared to the relatively flat past few days. What is interesting is the move down to 460 again.....and once again no luck for the bears to take that level...

So far I'm just sitting watching the premium dry up on my short iwm calls and puts which is good while the market does nothing. I am keeping a close eye on the following position: bot jan 400/410 call/short jan 41 iwm call@ cost of $117.34 Right now I would be more comfortable with a...

Well the sideways trading continues as more meaningless trading continues which is perfect for my jan setup. Only fear now is that typically low volatility trading is followed by high volatility which means a breakout or breakdown is approaching. Only problem is that even next week has no real...

Unfortunately CC companies can and do this there's nothing a consumer can do to fight it. I honestly don't know what the business thinking is behind this but then I don't work for a CC company. Have you considered going to Prosper.com or to a credit repair thing to see if you can get that rate...

See Bush ROCKS! Not only is he helping the shoe industry but his administration is also helping couples stay together!! :p Greatest Pres EVER!