Daily Archives: February 2, 2011

Lessons from a Fortune Cookie

With the strong surge in stocks over the last few days after the carnage we witnessed on Friday, I think its safe to say that the dips are still being bought in this market. While many signs still hint that

Posted in Commentary

End of Day Update 2 Feb. 2nd 2011

NYSE down 17.52 (-0.2%) to 8,272.57 DJIA up 1.81 (+0.02%) to 12,042 S&P 500 down 3.56 (-0.3%) to 1,304 Nasdaq down 1.03 (-0.04%) to 2,750 GLOBAL SENTIMENT Hang Seng up 1.8% Nikkei up 1.78% FTSE up 0.71% UPSIDE MOVERS MTXX

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Posted in Commentary, Futures, Options, Stocks, Watchlist

End of Day Update Feb. 2nd 2011

Closed a few trades today.  Holding most – held LUV too long,.   I will add EOD stats and activity later tonight.   Closed Positions:  AMD @ 8.46 +$270 GFRE @ 9.86 +$210 SOL @ 11.13 +$340 Open Positions: LUV

Posted in Commentary, Futures, Options, Stocks, Watchlist

shorting AAPL 340 weekly puts at .94-.90 2X OVERSIZED this ties up a lot of capital but continue to be very bullish AAPL here and this can help offset premium decay on the 350 calls entered into today if we get stuck at this 345 magnet

  /s shorting AAPL 340 weekly puts at .94-.90 2X OVERSIZED this ties up a lot of capital but continue to be very bullish AAPL here and this can help offset premium decay on the 350 calls entered into today

Posted in General Trading

Midday Update for February 2, 2011

S&P 500 Index (.SPX) 1,304.59 -3.00 CBOE Volatility Index (.VIX) 17.44 -0.19 DJIA 12,041.18 +1.02 NASDAQ 2,750.86 -0.33 Stock market averages are little changed following a strong reading on January hiring and mixed earnings news Wednesday. The domestic economy was

Posted in Commentary, Options, Stocks, Watchlist

Egypt Protests & what stocks/ETF can you trade on that news?

  This morning we had a webinar with Christian and Jeff from our chatroom as the presenters – along with Sandra who gave us a good analysis from her experiences visiting the Middle East. We had a good discussion of

Posted in General Trading

NFLX 195 Feb puts at 1.70 area and 205 weekly puts at 1.20 area both OVERSIZED plus to protect against premium loss am also shorting NFLX 215 weekly calls at 1.30 area 2X OVERSIZED

  /b NFLX 195 Feb puts at 1.70 area and 205 weekly puts at 1.20 area both OVERSIZED plus to protect against premium loss am also shorting NFLX 215 weekly calls at 1.30 area 2X OVERSIZED. making the short on

Posted in General Trading

adding AAPL 350 weekly calls at .45 and .51 2X OVERSIZED with mental stop on the whole lot at .35

  /b adding AAPL 350 weekly calls at .45 and .51 2X OVERSIZED with mental stop on the whole lot at .35 . This brings up the holding on very high risk options to 3X OVERSIZED. Am under the belief

Posted in General Trading

News for February 2nd 2011

  EU Leaders Plan Euro Pledge as Investors Bet on Debt Strategy Coal, Zinc Mines Close, Ships Flee as Cyclone Yasi Nears Australian Coast BBVA Fourth-Quarter Profit Jumps, Helped by Mexican Earnings (BBVA) U.K. January Construction Returns to Growth on

Posted in Breaking News