It has...begun

Calling wongmunkeong seafood, sudah start deploying reserve ammo?

begun only mah....can KLCI drop below 1700?

made a killing on my options sold... (trade) - though had a "huh? WTF happened" moment when S&P500 jumped 30+ points on Wed after FOMC minutes
but.. no, haven't deployed my little soldiers yet for investments

too little yet lar
S&P500 plunge to 1700+/- then i'll purposefully buy more lar,
else i'll keep on plugging on every 4 mths via value averaging.

wong sifu, how you trade S&P 500?

wong "see food, eat food" bro, no sifu here
BIG "L" plate on my forehead

I trade stock options on ETF SPY
or cash-settled SPX
for trading S&P500 index.

For small-mid caps,
I trade stock options on ETF IWM
or cash-settled RUT
for trading Russel 2000 index.

er.. off topic for FSM thread bro
goto US stocks thread - plenty of gurus there.
i'm mostly just a reader (non-poster) there

If we get more of similar headlines below.. the end is nigh...

"Malaysian market can withstand foreign money exit"
http://www.thestar.com.my/Business/Busines...d-parcel-of-ma/

the 1-month top performers are all bond funds

That thread is full of day trading scalpers. Nothing fun to discuss there if you're not one of them. I'm more into LEAPS and collecting premiums.

Selling Covered Calls for your LEAPS?

I'm not much of a scalper - just selling for premiums (credit vertical spreads), weeklies+/- (based on statistics and 2SD, and selling fear/greed - been a very good 3 weeks comparatively)
and
naked PUTs for monthlies and calendars (based on selling fear for dividend stocks).

Haven't collected any value buys yet, thus no chance to sell covered Calls yet
"Newbie" option trader

oh... er.. sorry mods.. out of FSM topic.
----

Onto FSM-related topic
hm.. based on my own cooking of 200 Days moving average VS current indices:
a. KLCI is in "Distribution" mid-long trend (waiting for Bearish to grip/bite for a few months b4 lumping in with EPF $)
b. SGX is in "Warning" - zzz
c. AU is in "Distribution" mid-long trend (waiting for Bearish to grip/bite for a few months b4 lumping in via ETF or mutual fund)
d. Shanghai is "Bullish" - zzz
e. ASEAN is in "Warning" - zzz
f. BRIC is in "Warning" - zzz
g. S&P 500 is in "Warning" - zzz
h. RUSSEL 2000 is in "Bearish" - woohoo but just started 3rd week Sep bearish.. giving it 3 months to 4 months to fall more before looking for value/lelong via ETF or mutual fund

Note: YMMV - (a.) to (h.) is only my personal views / opinions to execute for myself ya.

This post has been edited by wongmunkeong: Oct 10 2014, 03:43 PM

Not that. Buying LEAPS/vertical and selling naked PUT, all monthlies.

ah.. Tasty Trade's "smart/poor man's covered call"?
haven't figured it out well yet (i'm slow that way ), it'll be my next thing to learn.
3 "strategies" - cukup liao to work the possible trades, hehe coz not like i've millions

Kamsiah for the pointer

Don't misunderstand. I not following Tasty Trade. I long LEAPS mainly on major ETFs or trending stocks. I long single/verticals on momentum stocks and short PUTs on blue chips (but BABA is not blue chip right?) among others. Most like will get assigned on BAX if stock did not go up by end next week. Will able to sell covered calls then.

This post has been edited by kimyee73: Oct 10 2014, 04:36 PM

oh heheh - thanks for the clarifications.
traditional / straight forward Long & Short for premiums
newbie me thus though using the long LEAPS as a backing for naked PUTs

This post has been edited by wongmunkeong: Oct 10 2014, 04:43 PM

Expect the dollar to continue rallying and euro continue to drop...

Aberdeen Islamic World Equity Fund is below 1.2000

Top up opportunity

The FBM KLCI stumbled more than 20 points on Friday dragged by CIMB and Public Bank, in tandem with the Budget 2015 announcement and the uncertain global economy..

confirm UT would blood red one

Damn! I just topped up 2 days ago

Due to recent sell off, my AIWEF got wiped off 7% of return.

Mine already in the red

Hwang Asia Quantum Ponzi IRR pulak dropped to 14%...first time ever

Heart must be steady!

This post has been edited by Pink Spider: Oct 10 2014, 06:47 PM