Its earnings season--market ready to decline

[plastic man]

Quote from plastic man:

Both.

The march 1200 calls earlier in the week were @ $10 and higher. The Feb 1200 calls also a good sale and closed @ $2..

current prices: feb calls $1.5 and march calls $6

 

[Ivanovich]

Quote from volente_00:

Hey rubberturd, why is the market higher than when you first started this thread ?

Notice he only comes back to post on the days the direction favors the call. Stock_trad3r did that, too.

Looks like the call might be a good one, regardless.

 

[plastic man]

Quote from Ivanovich:

Looks like the call might be a good one, regardless.

Thie following trade was posted earlier in the thread. Today we're only a few days later and the option closed at $6. Obviously selling this call was clearly a winning trade. I'm glad you can see this too.

Quote from plastic man:

To put this in proper perspective, the S&P March 1200 call is currently $10

So i'm saying it's going lower than $10,

and you're saying it's going higher than $10.

 

[plastic man]

Quote from Ivanovich:

Stock_trad3r did that, too.

lol. so you see alot in common between stock trad3r and me?

 

[NYC212]

voted - decline

 

[plastic man]

Quote from plastic man:

I agree 100%. There is a correction coming very soon. It will be sharper than people expect. There is little upside left in this market.

And here comes expiration and earnings. S&P will be under 1100 very soon. Easy money.

Like I said "easy money"! Anyone else help themselves to this free $$ ?

 

[Ivanovich]

Quote from plastic man:

Like I said "easy money"! Anyone else help themselves to this free $$ ?

Not on that, but I did by VXX a week ago at 28. I'll hold that for a bit.

 

[shortie]

Quote from Ivanovich:

Not on that, but I did by VXX a week ago at 28. I'll hold that for a bit.

Ivan, you are long VXX but the trend is down. I thought you were a trend-trader.

 

[Ivanovich]

Quote from shortie:

Ivan, you are long VXX but the trend is down. I thought you were a trend-trader.

I never said I was a trend trader. Unless, of course, you're referring to the silly posts I sometimes make about "100% up move to go!!".

 

[plastic man]

Quote from plastic man:

To put this in proper perspective, the S&P March 1200 call is currently $10

So i'm saying it's going lower than $10,

and you're saying it's going higher than $10.

Posted on this thread a few days ago. Current option price is $4.

A said this trade was easy money. i outlined it specifically on this thread. So wtf?? This is suppose to be a "trading" website why is their no intelligent dialogue about this specific trade and the free money that was being handed out for all.