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From making $20 to making $5k a day... unbelievable..

I covered the rest of options @ .55 and went into complete cash in portfolio...

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Looks like i nailed the low on those options... market ist till churning and burning.. very boring tape...

Still holding half position... net gain of 50 cents on them for 1 day hold so far.

Just covered 5 of the spy options at .75

Amazing consistency..

NEVER short a stock just because its going up... STUPIDEST trade ever... Need a catalyst!!!!!!!!!!!

I agree its very strong.. thats why I sold calls and didnt short the market.. I picked up $1.25 in premium.. there was almost 40 cents in time value the next few days... as long as marke stays flat to lower.. i wll be making nearly 35-40% of the full potential ( assuming calls expire...

No it doesnt.. i posted my trades... options are expiring friday.

Thats why the S&P is up 60 points off the lows in the past few weeks. Everything u mentioned is baked in to the cake.. now lets look forward..

i sold 10 SPY NOV 123 calls for 1.25.. to note i am still long stocks like JWN, BHE, to hedge the trade.

Market is top heavy.. I am not calling for a crash.. but I am selling calls on SP500. --MIKE

Decliners are leading advancers yet up volume is > than down volume.. classic signs of a market churning higher with the broader indices posting gains.. I am betting on a swift reversal to the downside coming soon. --MIKE

Good points... GM products are clearly inferior.. its just going to take a slowing economy or some type of recession to put the nail in the coffin... THe truth is that the past 3 years have been great for the car industry.. massive sales due to agressive pricing and cheap money, booming...

Riskarb.. thanks for this thread.. this is by far the best one in ET's history... i have never read a more informative thread.. I will be printing out each page.. tons to learn from your expert exotic options trading... thanks man.. --MIKE

nevermind

Where can i download the program that automatically checks for IB TWS updates.. i used to have a auto updater but the file got deleted???

UTIW unbelievable...

Bigger size than normal?