Will the S&P go to 1000 or 1200 ?

[fly down]

I'm not disclosing the volume of calls I sold, but here is an example of how the trade went using accurate prices =>

Oct 1200 Calls sold 1000 @ 1 1/4 to collect 125K approx
Bought 300 @ 1 1/4 or $37,500
Bought 350 @ 1 3/4 or $61,250
last 350 went out worthless

collected $26,250 approx minus commission

 

[S2007S]

Huge amounts of economic data tomorrow:

Oct 15 8:30 AM CPI Sep - 0.1% 0.2% 0.3% -
Oct 15 8:30 AM Core CPI Sep - 0.1% 0.1% 0.0% -
Oct 15 8:30 AM Retail Sales Sep - 0.2% 0.4% 0.4% -
Oct 15 8:30 AM Retail Sales ex-auto Sep - 0.1% 0.4% 0.6% -
Oct 15 8:30 AM NY Fed - Empire Manufacturing Survey Oct - 3.0 5.75 4.10 -
Oct 15 9:55 AM Mich Sentiment Oct - 67.0 68.5 68.2 -
Oct 15 10:00 AM Business Inventories Aug - 0.4% 0.5% 1.0% -
Oct 15 2:00 PM Treasury Budget Sep - -$32.0B -$33.5B -$46.6B -

 

[volente_00]

Quote from volente_00:

Hey thornrubberbirdghostzapperbobrowshan


You said the same thing 5 % lower

Quote from fly down:

That's not right. It'll go under 1100 by oct expiration.

Some things never change

go rubberturd go


YOU REMAIN THE BEST DAMN FADE ON ET

 

[fly down]

S&P oct expiration close price 1183.7

 

[failed_trad3r]

Quote from fly down:

that horse better better know how to spell horse bettor dumbo.

your analogy could not be more wrong. Actually i'm not surprised how backwards you have it given your other posts on this thread. I never bet on anything odds on. I only made a "small" profit b/c I twice covered 1/3 of my position for over $1 to lighten up the risk. I did outline those trades. As the S&P rose I lightened up on my position as any prudent money manager would do. And by holding 1/3 that expired worthless, I showed that you can be 70+ points wrong on the S&P and still make a winning trade.

I bought 4 december 135 euro calls for $500.

They quadrupled in value to $2000 before I sold them.

I made 400%. You made 1%.

Obviously you are a better trader then me because you had the market go 20% against you on a leveraged position and you still made money. I guess you can't ever lose a trade, you're a billionaire?

I'm sorry but this whole thread is a joke.

 

[Nine_Ender]

Quote from fly down:

that horse better better know how to spell horse bettor dumbo.

your analogy could not be more wrong. Actually i'm not surprised how backwards you have it given your other posts on this thread. I never bet on anything odds on. I only made a "small" profit b/c I twice covered 1/3 of my position for over $1 to lighten up the risk. I did outline those trades. As the S&P rose I lightened up on my position as any prudent money manager would do. And by holding 1/3 that expired worthless, I showed that you can be 70+ points wrong on the S&P and still make a winning trade.

I see you are somewhat illiterate too. Who on earth goes around trying to correct people's posts on a site this and GET'S IT WRONG !!! Horse better is a valid variant of horse bettor; not that it matters I can just as easily mistype something as misspell it; but thank god you are around to make incorrect corrections for us all to read.

Look buddy, the whole thread is a joke you obviously have no clue what you are talking about. You don't understand the risks of your trades and your persistance hasn't made you look any brighter.

Honestly let's get back to square one :

Quote from fly down:

the S&P closed today @ 1104.18

To me, it appears the rally is overextended and on weak legs. I think there could be downside to 1000 as the september-october season arrives coupled with other factors favoring downside. What do you think?

That's you and your incredible insight at work. Overextended at 1104.
Downside to 1000 by end of this month. Then you post at almost every new level saying we can't possibly go higher. There is that persistance again you can't admit you are wrong and drop the idea can you ?

As one other poster said you are the best fade on ET. So I guess you have a history of this I'm only familiar with your latest work you couldn't have called things more wrong.

 

[fly down]

Quote from failed_trad3r:

You made 1%.

Obviously you are a better trader then me because you had the market go 20% against you

I did not make 1%. You're making up bs.

The market did not go 20% against me. You're making up bs.

you are bs.

 

[fly down]

did the S&P hit 1200 yet?

 

[Nine_Ender]

Quote from fly down:

did the S&P hit 1200 yet?

No, it went from 1104 to 1175 instead of the 1000 you predicted. So you "only" missed by 17% on a market index. Given that this is the theme of the thread, your horrible call, they should close it.

 

[fly down]

Quote from failed_trad3r:

you had the market go 20% against you on

Quote from Nine_Ender:

So you "only" missed by 17% on a

Why is this same person using different aliases on the same thread?