iceman's options trading journal

OIH/QM

trading BUY

suggest we get into OIL and OIH calls for st trade, and some FIB action.

SHORT term trade !

this is a tough call since OIL still selling off hard, and catching a lot of greedy perma longs by surprise. What's that saying about making money- and PIGS.

Further we still have the risk of lower PINs on index component. So maybe patience is in order until Friday.

But anyone entering OIH today has a 85-90% potential of having decent profits next week.

JMHO - could be wrong this time, obviously.

IcEmAnone
:coo:
 
CAL - closed position when this thing blew thru 22 overhead yesterday, pnl -325. f-ing knew this was against my trading plan of staying away from oil...ICE remember my PM?? damn!

XLNX - still holding 2750p as overall long straddle trade was profitable, trying to milk this a little more and profit on both legs :D we'll see.

GOOG - on radar for entry, maybe mar360c. ICE, i agree w/ bullish stance or atleast a st bounce from here...
 
Quote from bjdhawk:

CAL - closed position when this thing blew thru 22 overhead yesterday, pnl -325. f-ing knew this was against my trading plan of staying away from oil...

ICE remember my PM?? damn!

XLNX - still holding 2750p as overall long straddle trade was profitable, trying to milk this a little more and profit on both legs :D we'll see.
More...


Yes

I think you did OK on CAL. Non? Thought you were long CAL? Have not followed it - as I was watching JBLU, and other stuff. Don't you recall I said go long JBLU near the "top" in oil.

am still looking for JBLU to double !


you held 2750 puts- well done.
 
Quote from bjdhawk:

CAL - closed position when this thing blew thru 22 overhead yesterday, pnl -325. f-ing knew this was against my trading plan of staying away from oil...ICE remember my PM?? damn!

XLNX - still holding 2750p as overall long straddle trade was profitable, trying to milk this a little more and profit on both legs :D we'll see.

GOOG - on radar for entry, maybe mar360c. ICE, i agree w/ bullish stance or atleast a st bounce from here...
More...

hawk...

take a look at DNA calls - go ITM

but remember that the FDA has a pending approval on their schedule this month -- for DNA. Also know that this stock is volatile AND this is expiry week so may not see a clear path until next week on DNA.

But there is a good shot at an 85 pin on Friday (but keep in mind an $80 pin is always something we must consider). Keep a 9 iron and pitching wedge in your bag. 8250 is highest probability.
 
Journal classic trading song of the week: :D :p :D

Night Moves

(C, Cmaj7, D, Em, F, G, G7)

I was a little too tall
Could’ve used a few pounds
Tight pants points hardly reknown
She was a black-haired beauty with big dark eyes
And points all her own sitting way up high
Way up firm and high

Out past the cornfields where the woods got heavy
Out in the back seat of my ’60 chevy
Workin’ on mysteries without any clues
Workin’ on our night moves
Tryin’ to make some front page drive-in news
Workin’ on our night moves
In the summertime
In the sweet summertime

We weren’t in love, oh no, far from it
We weren’t searchin’ for some pie in the sky summit
We were just young and restless and bored
Livin’ by the sword
And we’d steal away every chance we could
To the backroom, to the alley or the trusty woods
I used her, she used me
But neither one cared
We were gettin’ our share
Workin’ on our night moves
Tryin’ to lose the awkward teenage blues
Workin’ on our night moves
And it was summertime

And oh the wonder
We felt the lightning
And we waited on the thunder
Waited on the thunder

I awoke last night to the sound of thunder
How far off I sat and wondered
Started humming a song from 1972
Ain’t it funny how the night moves
When you just don’t seem to have as much to lose
Strange how the night moves
With autumn closing in
 
Quote from iceman1:

OIH/QM

trading BUY

suggest we get into OIL and OIH calls for st trade, and some FIB action.

SHORT term trade !

this is a tough call since OIL still selling off hard, and catching a lot of greedy perma longs by surprise. What's that saying about making money- and PIGS.

Further we still have the risk of lower PINs on index component. So maybe patience is in order until Friday.

But anyone entering OIH today has a 85-90% potential of having decent profits next week.

JMHO - could be wrong this time, obviously.

IcEmAnone
:coo:
More...



let's be careful on this one !
 
GOOG
for once i was taking the "be patient and let the trade come to me" approach, so missed this trade.....so far! think i will let expiry pass and re-evaluate.

DNA
did the 2/14 reversal represent the test of the 9/27 lows of 80....or will we get your often mentioned "second chance" of an entry point at this level?
 
Quote from bjdhawk:

GOOG
for once i was taking the "be patient and let the trade come to me" approach, so missed this trade.....so far! think i will let expiry pass and re-evaluate.

DNA
did the 2/14 reversal represent the test of the 9/27 lows of 80....or will we get your often mentioned "second chance" of an entry point at this level?
More...

GOOG

sorry you missed the fun bro !

I said to get into GOOG. Sure, it's not wise to listen to other traders or to "tips" --- better to follow your own drummer. But I was 90% certain we would see an expiration pop. Next time I'll PM you.

B.T.W. not too late to get into GOOG but not a slam dunk right now. GOOG could still see 390. Only the road higher won't be so easy this time so adjust accordingly.

DNA

you had a "2nd chance" on DNA this week when the ROCHE news came out. JMHO

BE careful --- DNA has an aproval coming out.
 
Journal Expiry PIN Song of the Week



Fable

(Robert Miles)



Tell me your fable
A fable...

Tell me your fable...
Tell me your fable
Tell me your fable...
A fable...
Tell me your fable...

Talk to me, tenderly
Show reality fantasy,
We'll bound together
All win in one feat

Talk to me, tenderly
Show reality fantasy,
We'll bound together
All win in one feat

The fable...
The fable...
Ahh...

The fable...
The fable...
Tell me your fable...

Tell me your fable
A fable
A fable
A fable that will never end
And now, I dream
Dream
Dream
 
---- da GOOG song of the week ----

Traders ought to have a song for each stock they trade ! :p



Ain't Nobody (Chaka Khan)

Captured effortlessly
That’s the way it was
Happened so naturally
I did not know it was love
The next thing I felt was
You holding me close
What was I gonna do?
I let myself go

And now we’re flyin’ through the stars
I hope this night will last forever

I’ve been waitin’ for you
It’s been so long
I knew just what I would do
When I heard your song
Filled my heart with your bliss
Gave me freedom
You knew I could not resist
I needed someone

And now we’re flyin’ through the stars
I hope this night will last forever
Oh oh oh oh

Ain’t nobody
Loves me better
Makes me happy
Makes me feel this way
Ain’t nobody
Loves me better than you

I wait for night time to come
And bring you to me
Can’t believe I’m the one
I was so lonely
I feel like no one could feel
I must be dreamin’
I want this dream to be real
I need this feelin’

I make my wish upon a star
And hope this night will last forever

And first you put your arms around me
Then you put your charms around me
I can’t resist this sweet surrender
Oh my nights are warm and tender
We stare into each other’s eyes
And what we see is no surprise
Got a feeling most with treasure
And a love so deep we cannot measure
 
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