Is Anyone Left Short?

What correction? Do you mean you are short March calls?

Anyway, the last 3 days of January are historically pretty strong. February looks like a better time to start looking for a possible pull back. But, at least wait for some failed tests of the highs followed by more and more volume on the pull backs.

Barring an event crash, I don't see the market turning on a dime.

Quote from ig0r:

Nah, playing this correction with QQQ march calls
More...
 
That's the way I see it. I don't want to look to look too heavily to the short side until the middle of next week -- will evaluate conditions then.


QUOTE]Quote from pspr:

What correction? Do you mean you are short March calls?

Anyway, the last 3 days of January are historically pretty strong. February looks like a better time to start looking for a possible pull back. But, at least wait for some failed tests of the highs followed by more and more volume on the pull backs.

Barring an event crash, I don't see the market turning on a dime. [/QUOTE]
 
Quote from ig0r:

Nah, playing this correction with QQQ march calls
More...

Correction? You mean correction to the upside? Why would anyone sell March calls, there is no premium in them. If you want to sell call, sell very very deep ITM calls. At least that way you essentially have a leveraged short stock position.
 
Formikatrading, like you, I've been on the sidelines with my long term investments. I went to cash when I thought there was a reasonable chance of a terrorist act around Christmas. Looks like if we hadn't stoped those airliners out of France we might just have had a problem. (Wonder why it is always France?)

Then there was some slightly weaker econonic data around year end and the 1000 job Jobs Report (yeah, I know that is a seriously lagging indicator) that gave me pause again so I've stayed in cash which turned out to be the wrong place to be for this January.

Anyway, I'll stick to the motto a friends father told me once, "I'm more concernerd about the return OF my capital than the return ON my capital".

Quote from formikatrading:

That's the way I see it. I don't want to look to look too heavily to the short side until the middle of next week -- will evaluate conditions then.
More...
 
Quote from pspr:

What correction? Do you mean you are short March calls?

Anyway, the last 3 days of January are historically pretty strong. February looks like a better time to start looking for a possible pull back. But, at least wait for some failed tests of the highs followed by more and more volume on the pull backs.

Barring an event crash, I don't see the market turning on a dime.
More...

Nope, long calls, a few cents off the LOD for the Q's actually
 
Quote from Maverick74:

Correction? You mean correction to the upside? Why would anyone sell March calls, there is no premium in them. If you want to sell call, sell very very deep ITM calls. At least that way you essentially have a leveraged short stock position.
More...

Yep, correction to the upside :) Long march calls
 
Quote from pspr:

Good move!
More...

Ya, there was a doji on the day at around 11am, was at the comp and figured that would be a good spot for 5. I plan to get out unless we break to new highs by end of week. If we do, I'll take another 5 ATM as we break 39. The next goal is 40. I'll probably get rid of the marches if we break 40 and go to april.
 
I posted this chart in May, and so far the QQQ has moved almost half way to the target. Yes, I believe this rally is not even half way finished. Sounds crazy, but looking at this chart it does not seem so far fetched.

http://www.ttrader.com/mycharts/display.php?p=11925&u=mrwsm&a=MRWSM TA Charts&id=242


The Bulls suffered almost an 80% drop in the Nasdaq, but the bears will suffer much more than 100% upside from low. Just looking at this 1929 chart below will give you an idea of what can happen more or less currently.

http://www.ttrader.com/mycharts/display.php?p=14774&u=mrwsm&a=MRWSM TA Charts&id=242
 
You must log in or register to reply here.
Back
Top