iceman's options trading journal
- Thread starter iceman1
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Quote from iceman1:
unreal
it fills the gap within 10 minutes.
I am sitting for two weeks waiting for DNA and APOL to move $1-- bad news comes out on IMCL - it sells off and then for some inexplicable reason it trades back higher in the first 15 minutes.
geessuss --- I am about ready to become a day trader!
OK - like the poster on my wall says:
"you always miss 100% of the shots you DON'T take"!
so I sold some of my long front month itm calls -- stayed short some stock and front month 35 straddle @ 4.40
still long itm March premium
gonna see if they can arb it back to 35
2-2-06Quote from iceman1:
1-31-06
what we see AH today is what we will see in QM and OIH and oil stocks --- SOON
so far I have been early in predicting that oil is going to get hammered albeit I have made ok profits trading OIH from the short side. My one error was when I posted on the Journal that I was considering going long 155 OIH calls on the day we had that large PB to 146-148 territory. That was a faux pas to not enter those calls.
But right now I am stalking a short entry into QM, and OIH that I can hold for a period of time all the way down. It may be next month or maybe not until May- but we will catch it just like in 2000 when everyone was saying how the market would never go lower. OIL reminds me of that sentiment.
We are reaching a once-in-a-lifetime shorting opportunity in oil. Prices have been manipulated higher IMHO. Remember when "they" want out of oil stocks - OIH won't just go down 10-15 points -- try more like 50-100 points.
JMHO
iceman1
p.s. geeezz-- almost sounds like Prechter! :eek:
how many days after I posted the above did we get a sell-off in OIH/QM !??
Is it a top? I don't know yet. Most think it is not, I'm sure. But we will watch and see. If so, plenty of time to get short. Gonna see if OIH forms a HS.
I say it does!
Of course OIL has been going up for so long many forgot was down looks like! That's typically how tops begin.
GOOG
I say short GOOG - we are within 5-10 points of a st top.
If I had more available funds right now would get into ITM puts and/or sell DEEP ITM c with atm call. Just don't feel like messing with GOOG having not traded it much recently.
(I know- at this level its a buying opportunity)
I say short GOOG - we are within 5-10 points of a st top.
If I had more available funds right now would get into ITM puts and/or sell DEEP ITM c with atm call. Just don't feel like messing with GOOG having not traded it much recently.
(I know- at this level its a buying opportunity)
Quote from iceman1:
CME
you gonna break 400 - aren't you sucker!?? Do it -- for ME - do it for Chicago !
YEee haawww !
"Gordon - - - - you once told me- don't get emotional about stocks- ---------- don't!"
(just kidding around- gotta have fun or why trade)
CME
OK - I forgot every dip is a buying opportunity for some dip-shit. But it ain't over yet! Any idiot wanting to buy CME at this level is just that - an idiot! But what fun would it be if it didn't go UP and DOWN! But in order for the smart money to distribute stock they want out of -- they gotta get enough suckers into the stock at the highs. Happens every time. No different this time.
It will still see <400 IMHO.
But because of the buy-every-dip mentality I sold some lower strike CME puts.
APOL
the sun is rising! maybe ?
DNA
I leave for a few hours and when I return its all GREEN. It's all good.
I think the saying should be changed to -
"It's so EASY being green"
Now is this head-fake distribution b.s. on these two--- or do we got some legs here?! I'm in the neutral zone - but hopefully the train is just leaving the station.
the sun is rising! maybe ?
DNA
I leave for a few hours and when I return its all GREEN. It's all good.
I think the saying should be changed to -
"It's so EASY being green"
Now is this head-fake distribution b.s. on these two--- or do we got some legs here?! I'm in the neutral zone - but hopefully the train is just leaving the station.
