iceman's options trading journal

Jim Cramer??? :confused:

Here I was doing great in OIH and this guy comes on pumping the oil service sector. This guy is either a shill or a contrarian indicator; maybe his buddies wants to distribute more oil stock so he comes on touting the oil sector! Then he touts VLO - the one oil stock I still own!

He then says "high oil is here to stay". Sure -- this time is different just like natural gas! Give me a break!

Translation: TIME TO SHORT OIL???

Well I am net long after closing some oil puts/short calls today so I hope OIH opens up 2+.

Booooyahhhh
 
Quote from iceman1:

RIMM

long july 65/70/75 fly 1.90

may add to upper wing or close body if RIMM sees 61-62
More...

actualy did it it at 1.75 (checked my fills)

now 1.80 offer
 
Looks like I'm the sucker at the RIMM table. :D

Let's see what happens--- and what opportunities there will be to trade this position by Juy expiry!
 
Quote from iceman1:

Jim Cramer??? :confused:

Here I was doing great in OIH and this guy comes on pumping the oil service sector. This guy is either a shill or a contrarian indicator; maybe his buddies wants to distribute more oil stock so he comes on touting the oil sector! Then he touts VLO - the one oil stock I still own!

He then says "high oil is here to stay". Sure -- this time is different just like natural gas! Give me a break!

Translation: TIME TO SHORT OIL???

Well I am net long after closing some oil puts/short calls today so

I hope OIH opens up 2+.

Booooyahhhh
More...

OIH up only 1.71 - but it looks like st bottom is in on OIH

looking for NDX to test 1600
 
Quote from iceman1:

RIMM

long july 65/70/75 fly 1.90

may add to upper wing or close body if RIMM sees 61-62
More...

legged into more RIMM July flys at .80 this time

(thanks r/a)
 
Quote from iceman1:

legged into more RIMM July flys at .80 this time

(thanks r/a)
More...


Rimm preparing to blast off in direction of 68-69 (and that's just an appetizer) ....... or maybe it's just wishful thinking!
 
just finished:

Psychology and the Economic Mind (Leahy)
Fortune's Formula
Prisoner's Dilemma
(Poundstone)

for those who have not yet read- recommend
 
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