GET THE HELL OUT

bgp · Mar 25, 2008

when this market comes down again (which it will), its not going to be a retest .

bgp

Mvic · Mar 25, 2008

http://news.yahoo.com/s/nm/20080325/bs_nm/usa_credit_goldman_dc

Goldman sees $1.2 trillion global credit loss, double what they were calling for a few weeks ago.

nutmeg · Mar 25, 2008

Re; GS

To what or whom do we owe the honor for the update. I have respect for what they have to say. I do have trouble translating what they mean and thier motive for releasing "research' to the general news media. Should we thank them for their honesty? Are they the point man for the Fed, so we can brace ourselves or will they say what the fed won't?

Last fall they said take profits in oil. Beats the hell out of me what they meant, oil went up, prolly some people shorted oil after the power house blessed us with that news.

Thoughts?

Maverickz · Mar 25, 2008

Personally I am playing double diagonals setup so the underlying has to either break 6 month lows or 6 month highs for me to lose money. So far it's doing very well for me.

ByLoSellHi · Mar 25, 2008

Quote from Mvic:

http://news.yahoo.com/s/nm/20080325/bs_nm/usa_credit_goldman_dc

Goldman sees $1.2 trillion global credit loss, double what they were calling for a few weeks ago.

The figures just keep rising, and rising, and rising, and.....

ByLoSellHi · Mar 25, 2008

Quote from Maverickz:

Personally I am playing double diagonals setup so the underlying has to either break 6 month lows or 6 month highs for me to lose money. So far it's doing very well for me.

I'm thinking of doing something similar. I've made more money on options this year than ever before.

bgp · Mar 25, 2008

how does the figure 30 to 1 leverage come about ? that is what bear sterns had and merrill lynch is 40 to 1 .

bgp

IronTrader · Mar 25, 2008

Quote from ByLoSellHi:

I'm thinking of doing something similar. I've made more money on options this year than ever before.

Same here using Iron Condors. Best months ever with high IV and large brackets of support and resistance.

For double diagonals I've been getting better results when entering my positions on dips of IV.

Maverickz · Mar 25, 2008

Quote from IronTrader:

Same here using Iron Condors. Best months ever with high IV and large brackets of support and resistance.

For double diagonals I've been getting better results when entering my positions on dips of IV.

The main reason I have been using DBLs over ICs is that I can usually get a wider spread in break even points for a better price (better credit).

ByLoSellHi · Mar 26, 2008

Quote from IronTrader:

Same here using Iron Condors. Best months ever with high IV and large brackets of support and resistance.

For double diagonals I've been getting better results when entering my positions on dips of IV.

I'm setting up now. I can't resist this movement, an I don't think it will last indefinitely as the factory orser data sucked all the air out of the room today.

That gave us downside; now I just need something to float the indices maybe Friday or Monday.

Lovin' the volatility. another 100 point+ day.