Wednesday, July 10, 2013

Disaster... Faster...


Once a get-rich-quick game for me, options have just as quickly erased a lot of my equity over a very short timeframe lately.  

First, I bought puts at the wrong time that were met with a whole bunch of sellers.  Then, I bought calls at the wrong time that were greeted with a whole bunch of sellers.  

Were the signs there?  If so, what were they? 

Perhaps the Dr J book I'm reading called 'How I Trade Options' will turn on the lightbulb for me.  Until then, I'm not going to put any new capital to work here.

It seems Bernanke The Maestro will allow the music to continue playing for now as the SPY is up over +0.53% in Extended Hours Trading.

Even with disappointing economic data, Shanghai managed an upswing and the pendulum is going in favour of oil as well with WTI leading the way.  

Still, there has been little change to my SDR and PER calls.


-0.74% SBA
-1.69% Roth IRA

-0.06% DJIA
+0.47% Nasdaq
+0.02% S&P 

-0.12% FTSE
+0.09% Eurofirst
-0.39% Nikkei
+2.17% Shanghai
-0.75% SENSEX
+1.07% Hang Seng

+2.55% WTI
+0.32% Brent
+0.81% Gold
+0.75% Copper
00.00% Corn

-0.72% DJT
-0.98% VIX

+1.90% 10-Year US Treasury Notes

52% Advancing Issues on NYSE
45% Declining Issues on NYSE
3% Unchanged

43% Up Volume
54% Down Volume
3% Unchanged


56% Advancing Issues on Nasdaq
40% Declining Issues on Nasdaq
4% Unchanged

55% Up Volume
44% Down Volume
1% Unchanged


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