I_Am_Madness Posted October 6, 2009 Report Posted October 6, 2009 Picked up SDS 42 Oct calls at .70.... *highly speculative play - note: not financial advice*
Trader Joe Posted October 6, 2009 Report Posted October 6, 2009 Thats a great return but my Q still stands. Selling premium is just a lower risk way of making a directional bet/reversal on these falling knives for you? I guess that would be one way to look at it. Although, whatever I do, whether it be scholcks, bonds or options has to generate income either trough divs, interest or premium. Stated differently, I usually do not just enter a position and sit on it waiting for it to go up. An exception, would be when a name gets cold-cocked (thimk: USU, HURN, PCS) where I would be in for "the bounce".....DPTR had a little bounce right after it got creamed, albeit less than I would have liked. But again, the fact that this junker is optionable opens up a bunch of different ways to game it.
Trader Joe Posted October 6, 2009 Report Posted October 6, 2009 I'll be back later today.... There better be a mother-f****** Ags Mid-Day when I log back on....
Lemur Posted October 6, 2009 Report Posted October 6, 2009 Hope y guys are on board. Could see $1250 in a few wks or so? Maybe sooner.
dogsie Posted October 6, 2009 Report Posted October 6, 2009 Hope y guys are on board. Could see $1250 in a few wks or so? Maybe sooner. You talking gold or SPX?
DrStool Posted October 6, 2009 Author Report Posted October 6, 2009 Precious Metals Update 10/6/09 UPDATED – Professional Edition by Lee Adler, Tuesday, October 6, 2009, in Precious Metals, Professional Edition | Permalink |Comments (0) Edit UPDATE- This version includes an updated cycle table, inadvertently omitted from the earlier posting. Today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day picks for swing trades. Indispensable daily information for gold and precious metals stocks traders. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
Lemur Posted October 6, 2009 Report Posted October 6, 2009 You talking gold or SPX? Thats a gold train.
Ags Nightmare Posted October 6, 2009 Report Posted October 6, 2009 I'll be back later today.... There better be a mother-f****** Ags Mid-Day when I log back on.... I'll give you a little Pissant teaser... " Folks...the bulls can do no wrong...Australia cut ratres!!! ( yep he said that )..... just look at Mosaic...they missed by a country mile...sales down, revenues putrid, earnings non existent....but they said things will get better and it's up huge pre market...everyone is celebrating the demise of our currency so what can go wrong ?.....equity traders just "love" having the dollar turn into confetti!".... now folks...that's some powerful reasons to say "the bulls win"...this is " dumber then a bag of rusty nails"...the Pissant....back to you Whiskey !".....
Lemur Posted October 6, 2009 Report Posted October 6, 2009 Something for the (record high) COT gold shorts.
I_Am_Madness Posted October 6, 2009 Report Posted October 6, 2009 Something for the (record high) COT gold shorts. I'm not convinced yet.
MrHanky Posted October 6, 2009 Report Posted October 6, 2009 I guess that would be one way to look at it. Although, whatever I do, whether it be scholcks, bonds or options has to generate income either trough divs, interest or premium. I agree 100%,it's the only way I am willing to take on any risk.I need to know I am getting paid some good money while I wait no matter what I own. I am still HEAVILY long muni bonds and collecting the divvies .l have been too scared to jump back into equities since end of june though.....
Brick Stoolhouse Posted October 6, 2009 Report Posted October 6, 2009 I'll give you a little Pissant teaser... " Folks...the bulls can do no wrong...Australia cut ratres!!! ( yep he said that )..... just look at Mosaic...they missed by a country mile...sales down, revenues putrid, earnings non existent....but they said things will get better and it's up huge pre market...everyone is celebrating the demise of our currency so what can go wrong ?.....equity traders just "love" having the dollar turn into confetti!".... now folks...that's some powerful reasons to say "the bulls win"...this is " dumber then a bag of rusty nails"...the Pissant....back to you Whiskey !"..... I thought it was funny when he said that Australia "Cut rates" the first time, but then he repeated it later on.
Lemur Posted October 6, 2009 Report Posted October 6, 2009 I'm not convinced yet. what y mean? That's One bullish bar.
PyurAureo Posted October 6, 2009 Report Posted October 6, 2009 Short ES at 1054.25.... Picked up some FAZ at 20.22... Picked up SDS 42 Oct calls at .70.... *highly speculative play - note: not financial advice* You must see something that you like there ... Spike and a Finga ???
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