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I'll address everything else later, but just FYI I've dumped all those calls into the rally off the lows we just got in spooz.

I've already exited a little bit of each leg. I could liquidate both legs right now at current prices and take a very nice win, but I think I can do even better. Does the trade make sense yet?

Increased the size in those calls in case it matters to anyone. These things move around so much, the total size is still very close to 5% of my UVXY cost. (4.4% at the moment) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3807497>

... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3807484> Taken as two legs of the same trade (Leg 1: UVXY long $X @ $5.96 and Leg 2: ES calls long $0.05X, prices as shown above- My total average cost for each strike is within 8 cents of the "last" traded price.), I'm...

Regarding that UVXY I bought AH, I figure on one of two things happening during the remainder of this week: Either the trade works out well due to volatility increasing, or the spooz rocket straight back up. I've bought OTM calls that expire this Friday to address the second possibility. SPY...

Here's a new market call. I don't know if we're about to develop some volatility (in spooz) or not, but I'm liking the risk/reward of buying UVXY right here, right now. AH current price: offered at $5.96. We'll know by the end of the week if this is going to work or not. Edit: If some...

OK, I get it now. From investopedia: Definition of 'Rights' A security giving stockholders entitlement to purchase new shares issued by the corporation at a predetermined price (normally at a discount to the current market price) <b>in proportion to the number of shares already owned.</b>...

So you buy a right at $5.50 (=$0.55 pre-reverse split equivalent), and what do you get exactly? Is it like the same thing as a warrant or a call option?

With all my years of experience, once in a while there are situations I'm simply unable to understand. Here are the facts: NBG current share price: $1.41, with a 1 for 10 reverse split upcoming. NBG options: DO NOT have a bearish skew. NBG upcoming offering: 2.27 billion new shares to be...

I guess the only thing left to do here is revisit this thread at some future date when we get the screaming headline: "SAC's Steve Cohen Indicted!"

Yeah, all they need is one or two informants who prefer testimony and betrayal over pound-me-in-the-ass federal prison. There are so many grey zones in this industry that the old saying applies: 'Show me the man and I'll find you the crime'.

Did Martha Stewart piss of some specific individual? Perhaps sometimes they just like to perp-walk a big public name or two on insider trading charges, just to remind everyone that the SEC is still there, and once in a while people actually do get caught for that sort of thing. Or you're right...

I smoke more than a pack a day, so I don't have to worry about old age. If that approach doesn't work for you, taking the time to research hedge funds could be worthwhile for you. I've had some very bad hedge fund investments, along with some very good ones over the years. Tip: Just...

Hell Yeah! I was hoping someone would dig that up! :D

I don't necessarily support or oppose your market call, but I'm definitely loving your esoteric old-school ET references! :p Break out the finest meats and cheeses!

I never got especially big with those GLD bearish options positions. I've added a little more size right here at 1381. Part of the problem is that I can't afford to blow up like I used to. My account size seems healthy on the surface, but unlike in the past I no longer have millions in...

The wording of the following article, coupled with the change in market tone after the Japanese lunch break leads me to believe that it actually came out last night, between 21:00 and 22:30 CT. But I could always be wrong...

Thanks for that. That announcement must have come out during the 90 minute lunch break, in the middle of the Japanese JGB trading session, because the entire market tone changed after that.

You have a point, it's not identical to 1996... but IMO we really are in a roughly similar point in the economic cycle. Interest rates about to rise along with stocks. And what will happen if it stops? --->Bernanke isn't the complete idiot he's sometimes made out to be. There are ways of...