Market Calls

We'll know in the next day or so. :)

And of course it doesn't really matter 'bird because the beauty of this forum is that it isn't about being right or wrong. It's just about posting a trade. You don't even have to post a follow-up.

So just to clarify, are you saying you're long the SPX here with a minimum target of 1180 in 1-2 trading days?
 
Quote from inandlong:

We'll know in the next day or so. :)

And of course it doesn't really matter 'bird because the beauty of this forum is that it isn't about being right or wrong. It's just about posting a trade. You don't even have to post a follow-up.

So just to clarify, are you saying you're long the SPX here with a minimum target of 1180 in 1-2 trading days?
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no. I'm saying i just missed two trading days on a short vacation, and you know I tilt to the downside anyway. As a guy who started the "s&p has made an intermediate term" thread that I stick to, i'm saying it sure looks like a rally in the next few days to at least 1180.

And I am looking over earnings announcers for this week that may have been oversold!:)
 
Quote from MAESTRO:

If I may comment. I thought that selling May 50 Calls would be a better play as the premiums after deducting the intrinsic values are virtually identical and 50 is a better physiological level. Delta is pretty good on 50 (0.27) . Theta is increasing rapidly so you might be making the same profit with a lot less risk. But its just a thought. I might be wrong here. Good luck to you.
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Excellent points. In essence, I'm shorting the stock here, but with room to be wrong without having to make an exit decision right away. This strike gives me more premium wiggle room than deeper ITM calls yet with a greater profit-potential than the OTM calls if I'm right.
 
Quote from inandlong:

Excellent points. In essence, I'm shorting the stock here, but with room to be wrong without having to make an exit decision right away. This strike gives me more premium wiggle room than deeper ITM calls yet with a greater profit-potential than the OTM calls if I'm right.
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I see. Looks like you are going to make a few $$$. Good luck!
 
Standing aside this morning till after the 10 reports on the Indexs.

I tried another short on the CAD$ again this A.M. at same level as yesterday .8060

T1 .8020

T2 Trail if T1 is reached.

I'm looking for the .8000 support to break down and hopefuly a sharp drop off from it.
 
15 min opening range for YHOO is ~30% of the 14day ATR.

Truthfully I prefer ADR to ATR but overall I don't see a big diff between the two.
 
soory if this is not a specific stock, I don't hold any right now. But I think the lower opening will reverse and there will be an up day today.
 
If CAD$ hits .8000 today I will take some more profit and then wait for breakdown over the next few days with trailing stop.

current stop is still .8060 (entry)

current price is .8015
 
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