You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
nice
- Thread starter S2007S
- Start date
said early this week is was time to buy the dips and certainly it was
another 100+ point gain for the dow
another 100+ point gain for the dow
look for the SP retracement to the 38% fib.= 1484.
i am betting we get to the 68% level before it goes to shit. I believe that is about 13,740ish on the dow.
i hope the correction is a slow one and we grind up for the next several weeks, would love to get the vix back to the low low teens. I made more money on the vix blowout than the delta of the falloff! Love that VIX baby!!
i hope the correction is a slow one and we grind up for the next several weeks, would love to get the vix back to the low low teens. I made more money on the vix blowout than the delta of the falloff! Love that VIX baby!!
Quote from Comanche:
i am betting we get to the 68% level before it goes to shit. I believe that is about 13,740ish on the dow.
i hope the correction is a slow one and we grind up for the next several weeks, would love to get the vix back to the low low teens. I made more money on the vix blowout than the delta of the falloff! Love that VIX baby!!
How do you trade the VIX? On cboe?
You can trade VIX futures I believe (never done it). I have traded VIX options recently which trade on the cboe.
What I was really refering to is the shot of volatility we just went through, it was awesome if you were long options. Several months ago when the s&p was trading at 1390, I bot 30 of the Dec 139 SPY puts for $4.50. I just sold those out yesterday for $4.70 when the s&p was at 1455. So even though I was 65 points higher than when I bot these, AND have whittled down 3-4 months of time, the blowup in volatility gave me the chance to make a small profit and more importantly, give me the chance to reset.
If you don't know options trading, I HIGHLY recommend getting versed in them. They give you great leverage, can give you more room for error, and are a great tool if you want to trade rather than invest.
What I was really refering to is the shot of volatility we just went through, it was awesome if you were long options. Several months ago when the s&p was trading at 1390, I bot 30 of the Dec 139 SPY puts for $4.50. I just sold those out yesterday for $4.70 when the s&p was at 1455. So even though I was 65 points higher than when I bot these, AND have whittled down 3-4 months of time, the blowup in volatility gave me the chance to make a small profit and more importantly, give me the chance to reset.
If you don't know options trading, I HIGHLY recommend getting versed in them. They give you great leverage, can give you more room for error, and are a great tool if you want to trade rather than invest.
A good example of options rather than stock.
Here is a trade i put on on Tuesday of this week-
http://www.elitetrader.com/vb/showthread.php?s=&postid=1550679#post1550679
07-31-07 12:26 PM
Forget the ES (that was a futures contract). I closed these options out yesterday (24 hours later). sold the 20 SPY Dec 147 puts at 7.30 (28% one day gain), and sold the 10 US STEEL jan 100 puts at 13.00 (39.8% one day gain)
I just wanted to illustrate the use of options for some who have little or no experience trading them.
For the same reason I was paid by VIX blowout, I refuse to buy calls for the bounce I am looking for due to the loss of said VIX.
Here is a trade i put on on Tuesday of this week-
http://www.elitetrader.com/vb/showthread.php?s=&postid=1550679#post1550679
07-31-07 12:26 PM
have u bot today big guy? or just wishing it higher?
I can tell you I have shorted es at 1488.75, bot 20 spy dec 147 puts at 5.70, and bot 10 us steel jan 100 puts at 9.20.
trading what i see and sharing my sentiment.
Forget the ES (that was a futures contract). I closed these options out yesterday (24 hours later). sold the 20 SPY Dec 147 puts at 7.30 (28% one day gain), and sold the 10 US STEEL jan 100 puts at 13.00 (39.8% one day gain)
I just wanted to illustrate the use of options for some who have little or no experience trading them.
For the same reason I was paid by VIX blowout, I refuse to buy calls for the bounce I am looking for due to the loss of said VIX.