Done for today. Going fishing. Placed a lot of PUTs for sale (limit orders OTM) just in case she is going to drop too far.
Have a good relaxing weekend.
Cheers.
At 9:30am EST I wrote calls for QCOM, EBAY, MXIM, NVLS, YHOO, RIMM etc. etc. etc.
I'm already out of most of them taking in on average 30 - 40 cents a share. As I said, exhaustion!!! Nobody listens. Oh, well.
:cool:
It is astonishing to me to realize how little people know about the markets. Even the most educated traders and scientists that I deal with every day are completely clueless about the basic market mechanisms. sometimes I feel like I'm in a nut house! :) I have tried to get to the bottom of...
Gladly. Originally, I shorted WYNN (the underlying) on the 3rd of June. The IV at this time was low. The original trade was generated by my Elastic Band indicator and had 88% of potential probability to produce profits. Then I realised that I gained a few bucks and the IV picked up...
You are right. It is a tech short. Also, I needed some shorts to balance my portfolio.
I did have equity short on WYNN too. Attached is a snapshot of 1/4 of my current portfolio.
No, we are just a bunch of jokers and chit chatters. May be you should check Yahoo boards. Every single post there is a revelation! Don't waste any time on us. You don't want to deal with retards, do you? I have no say no more. :D