s&p just made intermediate term top @ 1431.8

did the s&p make an intermediate term top @ 1431.8?

  • Yes, it will last thru 3/31/07

    Votes: 9 15.8%

  • No, it will be topped in the 1st qtr of 2007

    Votes: 32 56.1%

  • i don't know / i don't care / go away thorn

    Votes: 16 28.1%
  • Total voters
    57
dow drops hard and rallies back...nasdaq has been strong all day..if dow turns positive and rallies nasdaq could easily see 2450.

Dow seems stuck as of now. Trading at 12450 all day..
 
Being the dim bulb I am, it took Mav "outing" you for me to figure it all out, LOL. A big favor Bro. How to you calc FV on exotics?
Quote from jimmyneutron:

FWIW, I sold 50 ES last night at 1437.50... horrible trade as I cut it off at 1432.00. I don't think 31 will hold on cash, but I've got a way you do 300% on that call if you're correct. :)

Talk to you bank and get permissioned to trade index exotics:

March SPX 1445 no touch, $310,000 debit, $1,000,000 payout if not touched. You're nuts to trade vanilla product.
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Let me show you what is going on with the COMPQ.

http://stockcharts.com/h-sc/ui?s=$COMPQ&p=D&b=9&g=0&id=p64940932772

Do you see the pattern forming? The ceiling appears to be 2470 before it bounces back. It has been in a holding pattern since late November.

The volume has been good these last few days, but it was also just as good in mid-December when it hit 2470.


Quote from S2007S:

dow drops hard and rallies back...nasdaq has been strong all day..if dow turns positive and rallies nasdaq could easily see 2450.

Dow seems stuck as of now. Trading at 12450 all day..
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Quote from thorn:

@ 1431.8 and it won't see that level for the entire 1st quarter of 2007.
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this call was made on 12/22, and is still holding up. a great call.
 
Quote from thorn:

@ 1431.8 and it won't see that level for the entire 1st quarter of 2007.
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let's try this again...this call was made on 12/22, and is still holding up. If you played my call and sold premium on 12/22, you have made out like a bandit.
 
Quote from thorn:

let's try this again...this call was made on 12/22, and is still holding up. If you played my call and sold premium on 12/22, you have made out like a bandit.
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Let's try this again. When you posted this after the fact top on 12/22/06 the S&P was at 1410 and change , 141 spy calls were selling for $1. Today they are selling for $1.80. If selling calls and watching them go 80% against you is a making out like a bandit then I would hate to see what losing is.


http://finance.yahoo.com/q?s=SFBAK.X
 
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