Wednesday, September 11, 2013
Into AAPL Sep 21 '13 $490 Calls @ $2.17...
Hit daily low of $1.12 today on volume of 5637...
Seeing if any of these could be Naked Call Sellers...
Tuesday, September 10, 2013
[ForexDiva's Name], 9FM Here...
I received a surprise phone call from 9FM last night and finally, we're going to work on a commission based project together. He sent me a list of his inventory and I'm secretly hoping to build up 7 or 8 figures in revenues for him every month over the long term. Since he doesn't have an office in the US, I'm going to focus on developing sales for him in a very patriotic way - in the good ol' USA.
In terms of trading, all I could think of to summarise my trading day is a fake smile. Most people would be throwing in the towel - or crying - at this point.
I had high hopes for PANW and my VIX straddles to bring me a tonne of financial fun, but unfortunately, I got sold both ways with PANW and the call sellers on the VIX far outweigh the put buyers for the time being. We had a -7.10% move downwards on the VIX and virtually no directional move on my VIX straddles. Maybe the fact that they're European style options has something to do with. Or maybe everyone's straddling the VIX?
Thank God I picked up some AMD calls, but losses still outweigh gains today. I may just have to stop trying to be a fader and start picking up some SPY calls if this continues. Based on the new highs and new lows of the day, stocks hitting new highs greatly outnumber stocks hitting new lows. Though the Advance / Decline Line broke its support sometime back, it seems the bulls really have the momentum going for them.
And yet, I'm still silly enough to keep trying to fade their every move...
-9.69% SBA
-1.94% Roth IRA
+0.85% DJIA
+0.62% Nasdaq
+0.74% S&P
+0.82% FTSE
+1.26% Eurofirst
+1.54% Nikkei
+1.15% Shanghai
+3.77% SENSEX
+0.99% Hang Seng
-2.02% WTI
-1.98% Brent
-1.51% Gold
-0.34% Copper
-0.63% Corn
+0.76% USD/JPY
+0.87% EUR/JPY
+1.93% DJT
-7.10% VIX
+2.14% 10-Year US Treasury Notes
64% Advancing Issues on NYSE | 68% Up Volume
33% Declining Issues on NYSE | 30% Down Volume
3% Unchanged | 2% Unchanged
208 New Highs | 42 New Lows
64% Advancing Issues on Nasdaq | 66% Up Volume
33% Declining Issues on Nasdaq | 33% Down Volume
3% Unchanged | 1% Unchanged
211 New Highs | 15 New Lows
Today's Major Headlines:
Putin Insists US Drop Threat Against Syria (Come on, at this point no one thinks it's going to happen!)
Apple Launches Two New iPhones, But Shares Drop (fingerprint id technology sounds really, really cool...)
Into KR Sep 21 '13 $37 Calls @ $1.18 + Into KR Sep 21 '13 $37 Puts @ $0.81 = $1.99...
Earnings announcement on 12 September 2013...
Monday, September 9, 2013
Directionality Still Eludes Me...
I've been straddling anything that moves the past few trading days and over the weekend, I ran some numbers and decided if I can successfully straddle the VIX, a 2 handle move in either direction would start making me money and a 6 or 7 handle move would really, really push my financial plaisir into the stratosphere.
I decided to take some haircuts on my beloved VIX ETFs and reallocate the capital into VIX and VXX straddles.
It is very uncharacteristic for the VIX to move so little given the NFPs we had, but my hope is that Bernanke will appease by injecting volatility next week. That is, unless we get some disappointing Unemployment Claims or Retail Sales this week.
In the meantime, the only thing disappointing is my portfolio:
-2.62% SBA
-1.82% Roth IRA
+0.94% DJIA
+1.26% Nasdaq
+1.00% S&P
-0.25% FTSE
-0.15% Eurofirst
+2.48% Nikkei
+3.39% Shanghai
+1.53% SENSEX
+0.57% Hang Seng
-1.37% WTI
-2.48% Brent
-0.01% Gold
+0.66% Copper
-2.85% Corn
+0.61% EUR/USD
+0.44% GBP/USD
+0.47% USD/JPY
+0.43% EUR/JPY
+1.40% DJT
-1.39% VIX
-1.40% 10-Year US Treasury Notes
77% Advancing Issues on NYSE | 83% Up Volume
21% Declining Issues on NYSE | 16% Down Volume
2% Unchanged | 1% Unchanged
151 New Highs | 26 New Lows
73% Advancing Issues on Nasdaq | 85% Up Volume
24% Declining Issues on Nasdaq | 13% Down Volume
3% Unchanged | 2% Unchanged
151 New Highs | 16 New Lows
Today's Major Headlines:
Icahn Abandons Dell
JPMorgan In $300 Million Settlement Over Force-Placed Insurance
Into PANW Sep 21 '13 $50 Calls @ $1.65 + Into PANW Sep 21 '13 $45 Puts @ $1.75 = $3.40...
Earnings announcement after the market...
Strikes are about 5% above and 5% below the market...
A large, directional move will put me into the money...
Into CIEN Sep 21 '13 $24 Puts @ $0.57...
The upwards momentum appears to be stagnating...
Volume on the underlying stock is also much lower than its 10-day average...
A 2% move downwards would put me in the money...
Current Price = $24.30...
Implied Volatility = 40.02
Delta = -0.43
Gamma = 0.1494
3-Month High = $3.60
Into EPI Sep 21 '13 $16 Calls @ $0.20 + Into EPI Sep 21 '13 $15 Puts @ $0.30...
I shouldn't have let my original position go... but in case there is further directionality, I want to be in!
Subscribe to:
Posts (Atom)