My EBAY Put is getting crushed -50%, holding period 29days

For those who are interested:

IPOs expected to price tonight: (obviously referring to US timezone)
TerraForm Power (TERP): The dividend growth-oriented company formed to own & operate clean power generation assets is expected to price its 20.1 mln share IPO within a range of $23-$25, up from the prior range of $19-$21.

I set a target of $0.70 and went to washroom thereafter. Back with profit due to rumors claiming a Malaysian passenger jet (boeing) crashing near the Ukraine border (talks of it being shot down).

Crazy day.

yea crazy day!

Wow another amazing trade!

I bought CALL earlier and went for a drink with friend, got close out at breakeven before i even reach the cafe So the dip is due to the airplane news?

yes, and now big players stepping in to bring the whole market down. guess this will be catalyst for further war crisis.

Market always anticipating catalyst to crash, this is an important air traffic route where almost all Asia flights will pass through. For example, an Air France flying from Malaysia to Canada will need to stop at France's Paris CDG airport hence, passing through this Ukraine territory as well. This will cause aftermath to mostly major airlines out there, and won't stop here it seems. I am seeing the SPY hitting at least $196 today before a weak bounce from there.


Our PM should be notified by his beloved again at say what 8:00am tomorrow morning?

This post has been edited by Brother J: Jul 18 2014, 12:13 AM

War?.. Not sure who's responsible yet but sell the news first...

Any way to short MAS shares in Malaysia?

Haha only licensed few can short shares in KLSE....

KLSE still very much controlled...

There is a MAS-HA for short, a reverse call warrant. But, not sure if the market knows how to play it. And liquidity is really low, very dangerous.

This post has been edited by yok70: Jul 18 2014, 01:07 AM

You can short RSX (Market Vector Russia ETF Trus)

Though might be too late atm, yet worth to put on radar momentarily for swing trading after the initial dust settle down for a bit.

When Obama announced new sanction, the RSX already moved... so a bit late now.
Darn... perhaps Russia sponsored insurgent in response - went ahead and shoot down MAS thinking Malaysia airlines flag looks like US ones.

It's awfully alike when it's being zoomed out.

On the screen:



Now, when it's flying up there:

Another round of meltdown due to massive gunfire in Gaza.

All the terrorist nowadays know how to short stocks and stockup PUT options.

LOL

Closing WWW PUT on earnings play amid this meltdown. Never know how hard the bounce will be for tomorrow since Ukraine and Russia are discussing a possible three day cease fire now.



On second note, take a look at the power of options when I set a target (which I thought it couldn't hit within 15minutes break).

The SPY JulWk4 196 Put went from $0.48 to $1.80 (lowest of the day). Base on the contract size I am trading, the calculation works in this way:

($1.80 - $0.48) x (300 options size) x (100) = $39,600. A potential of RM120k in hmm, say 7.5hours?

ps: Once you went through the "mental torturization" phase, nothing can stop you from profiting even in a shitty market condition.

A winning trade is always better than loosing one.

+$6,900, is more than enough for a day.

good bear today.
lets wish tomorrow go 1900.
apple, come to 85 please.

This post has been edited by yok70: Jul 18 2014, 04:09 AM

What do u think about the TERP?

pro traders/investors; goes where the money is
Dun think can short in msia? but something like a warrant like yok mentioned. But not very sure, been hearing that terms from msia traders.

gratz again
Still a long way for me to realize that kind of profit. If you're chicken, den i'm probably an unhatched chick

LOL y u want aapl to go that low after earnings?

This post has been edited by morning06: Jul 18 2014, 04:48 AM

What time is the ipo start trading?

At 10k m or 33k feet height, plane speed at least 700km/h , what device you manage to see it?
Pray for mh17. God will take good care on the ill-fated passengers and crews.. Be sensitive and
pay our respects to next-of-kin and families/relatives of the victims. Thank you.

This post has been edited by netmask8: Jul 18 2014, 09:32 PM