Search results

first piercing of the 200ma since we moved above it. Another necktie is now forming at 900 between the 200/50ma. Maybe the 900 level is turning out to be much critical than initially thought, we will see.

why of course i will be doing your favorite activity - selling naked otm contracts. j/k :p

fellas, this week is option expiration, so they will hit it anywhere they can. I expected this down move as posted many times, but have no bias for next week. If we continue to go down next week, then you can be pretty confident the trend is reversing. Things do look pretty rosy for now...

dmo, dont the MM hedge at certain point. Using your example, MM buys 1000x at 100 from a sell order, lets assume it's not a very liquid stock, and all of sudden the bid is at 99.2 and ask at 99.5, so even if a market buy order comes in the MM will still lose 0.5. If 0.5 is the risk...

you guys are been too cynical, this is a large ibank not some small prop firm, i dont think they want to steal your trading plans, not that mine would do them any good :p i guess he was really trying to test my understanding of how the market makers make their money (to see how much...

i went on an interview recently, it's a senior tech position in a team that owns the firm's proprietary options trading platform or some type of blackbox system. (they were being vague, on purpose i think) was there for 5 hrs! grinding through the rounds,a lot of coding questions and option...

finally closed below 940, that was a major victory for the bears.

you are an idiot, what's wrong with having a demo account? maybe they need to test a new trading system via the api, or maybe to try out a new trading style? why would you make fun of someone because they want to have a demo account.... and yes i agree, demo account should replay the...

beautiful day, almost too perfect. Broke the 940 support on first day of opx, and closed sitting on the raising 20ma and next support of 920ish. If that breaks, dont see any major support levels until the 880 area which is also where the raising 50ma is at. turned 50% of my puts into...

This is not a criticism of your holdings, just offering a discussion point. The only thing with buying commodity companies are the counterparty risk. Yes it's very unlikely any of them will go under, but in this market you never know what will happen - accounting frauds, some surprise news...

i had the same questions, here's some additional details that should clarify everything: http://elitetrader.com/vb/showthread.php?s=&postid=2358991#post2358991

why would that be self serving? do you think somehow a retail account buying some shares will move the market on the stock? :confused:

dbb dba ung uso (this one i would wait a bit to see if it pulls back) pbw(is clean energy considered a commodity? i guess not) That's about 75% of my ira, the only stock i am holding are intc/nvda. No cash index, no cash, and i did avoid precious metal especially gold.

ah ok thanks guys. When you said automatic, i was thinking something computer related

atticus, didnt get that last sentence. What do you mean?

can you short the bankruptcy stocks? if yes cant you just short it, provided you have enough buffer for short term movement, eventually they will goto 0 no? wha's the catch

shortie, what % of the account is represented by the position you posted and are you monitoring the market 9:30 to 4? if you look at the sp500 chart, we are winded very tight was a high probability of a breakout and opx next week, your short strangle/straddle are pretty dangerous right now...

search for dmo's post, understand everything he posted. Then search for atticus' post, once you can decipher atticus posts, you should know enough to have your own thought process on option trading.

same shit, no change. Sticking to my plan, holding until next week expiration.

i agree, 920 is key. The safe trade is wait for a break below 920 with a second daily candle closing below that level to confirm. But i am holding the 930s atm july puts, and am comfortable to have that open position right now. They are a natural stop loss (sort of). anyway sav, i would...