Lmao

Earnings season is such a pain in the arse, better take profit earlier than sorry later.

BTO SPY PUT once market opened, and closed it when Yellen was half-way answering her call.

Buying FRC shares for possible bounce. Risking $1.00

out for a loss of -$1.00

That selling pressure is incredible

This post has been edited by Brother J: Jul 17 2014, 02:55 AM

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.

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

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.

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.

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.

I, will enter at $85 too , again depends on overall market sentiment amid this earning season

Already started, spark up like GPRO

That was meant to be a joke at inappropriate timeframe, turned out to be disrespectful when I read the post again. You are right we should pray for the victims' families and relatives. Heartbreaking especially when you saw the liveleaking pictures.

Regarding IB, 9 out of 10 from my trading buddies completely ignore it after several weeks/months using it. Would recommend optionsXpress (a.k.a. OX) for those who are interested in trading options. (Not that I get commision, just base on experience of using several trading platforms for options)

Can't comment too much about IB since I am not using it. However, I have a few preferences when choosing the right platform for myself:
1) How fast does the wire transfer take? (both way)
2) How reliable is the data, eg: 1min/5min/15min timeframe compare to other trading platform? (I tend to have bad ticks happened every now and then when traded via TOS)
3) How helpful is the live support?
4) How fast can the trade be executed?

OX pass all three with flying colours undoubtedly, while the last preference still belongs to TOS. However there is a workaround for OX to execute faster trade, in which won't defer any order excessively from expected entry/exit price. (It's known as walk-limit entry under OX's trade execution)

This post has been edited by Brother J: Jul 19 2014, 12:07 AM

Adding more shorts on SPY, holding till next week

Holding my big bolas till next week

SPY needs to close below 198.10 for dooms effect between 4th week of July and 1st week of August

President Obama expected to deliver an update on Ukraine at 10:50am ET

Will depend what words coming out from Obama's speech which has been delayed for more than 22mins, at the mean time just enjoying the british parliment's debate on Russia sanctions and Israeli's issue.

CNBC used to post the link on top of the page whenever it's 10-15minutes prior to the speech. It will be taken down once the speech is over though. Obama did give a short speech and expressing his small bolas when dealing with Putin . Conversely the UK's PM is more aggressive when it comes to debating over the issue on MH and Israeli's crisis. Therefore market tanked amid the British parliment's debate before Obama's speech. SPY immediately bounced off the low when Obama mentioned about "Putin still have time to fix this". This hitam cost me a loss of $8.6k. ToT

However, it's always better than lossing $20k when the market opened lol.



This post has been edited by Brother J: Jul 21 2014, 11:52 PM

Kinda hate this range trading dynamics, any negative headlines can screw the bullishness, vice versa.

Things should get interesting when the European council meet up at Brussel tomorrow. It seems that Britain the acting knight will be the main speaker to gather more votes from its' european counterparts in impossing more sanctions on Russia.