07-18-2012, 09:50 PM | #2971 | |
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07-19-2012, 12:46 PM | #2972 |
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07-19-2012, 04:24 PM | #2973 | |
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These days I'm just day trading in and out for a couple thousands here and there, it adds up for the whole month. I'm just waiting for more strong technicals to scream buy or scream sell. Just going to hop in and out with tight stop losses to capitalize those premiums instead of losing anything. Sam what do you normally trade? I'm a volatility VIX-orientated trader. If you're looking into this stuff we can discuss more on PM and I can give you some headers.
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07-19-2012, 06:59 PM | #2974 | ||
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The vix market is defiantly a very profitable sector If mastered. But, I feel it will decapitate someone not following it for long enough (me).
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07-23-2012, 10:53 AM | #2976 |
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very nice! I just finished up my morning trade! Actually made my money off of a call on Citi lol made my 5 cents on my option and got out would have been nice to get a 14%+ return like some people here
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07-23-2012, 11:04 AM | #2977 | |
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Waiting ATM to see if it's worth another re-entry for the week. My take is that if it's going to be a bloodbath, we're going to have to see some big moves downward. Now, all over the world we have that, but the current dip-rally is coming up on very very low volume. Friday we saw some huge volume, so I suspect that's the institutional and commercial players already getting out. Something tells me the low volume today is just a small reprieve before more bigger down days. Hrm. On Friday the VIX futures spread had hit a 3.00 difference and the 25% spike today in spot vix brought the spread down to as low as 0.65! The closest we have been to getting towards a hint of crisis like last year. Update: currently day trading this baby till I'm resolute on a position at the close. But I just purchased it at 8.20 and it's 8.30 ATM. Might sell at a whim.
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Last edited by Vanity; 07-23-2012 at 11:21 AM.. |
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07-23-2012, 11:43 AM | #2978 | |
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07-23-2012, 12:23 PM | #2979 |
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Man o man is it ripe for the taking today! Just sold that UVXY position at 8.38. A cool 2.2% bonus in an hour. time to wait for this hint to reset lower, but so far it's cycled twice from 8.2 - 8.4 in the past hour or so. I wonder what the next cycle is going to bring. Sam you enjoying the market tides today? And I will get to you on that PM about VIX. Was out for the weekend!
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07-23-2012, 12:31 PM | #2980 | |
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07-23-2012, 12:38 PM | #2981 |
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What's the 4-5 cents in percentages?
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07-23-2012, 12:42 PM | #2982 |
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Around 3-5% each time of what I have invested in the trade usually do around 1-3 trades a day
Update.. Placed an order on JPM for 200 contracts Calls @ 33 strike expiring on 27th of July, when it was $1.28. Wasn't enough volume, so i was only able to pick up 11 out of the 200 contracts. Then the price jumped to 1.39.. that was depressing. Sold the 11 contracts barely getting a nice profit, but still a profit I guess
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Last edited by Hisam135i; 07-23-2012 at 01:05 PM.. |
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07-23-2012, 01:02 PM | #2983 |
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You don't need to learn VIX
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07-23-2012, 01:11 PM | #2984 |
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hey the more strategies the better hahaha
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07-23-2012, 04:09 PM | #2985 |
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Haha well Sam go take a look at the CBOE website and find the vix futures page. In the morning when spot vix spiked, the premium reduced from 3.00 to only 0.6. However, it's now 1.81 and that typically favors XIV over UVXY more for tmr. All in all, I made 8 trades today with a 100% win rate, so I can't complain! Took a small XIV position for tmr, I'm thinking we get a flat to small up day, maybe intraday reverse later. Btw, GDP this Friday. It's going to be around 1% IMO, but est. are out for 1.7%. The win for that trade will be whether it turns into a good trade because of Tuesday's FOMC, or just plain ugly all together.
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07-23-2012, 11:46 PM | #2986 |
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20th: descending triangle on the 15
23rd: bear flag conclusion: chances higher of more down ahead.. but what do i know? i wish i could participate guys. CFA is kicking my ass |
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07-24-2012, 04:54 PM | #2987 |
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Went short UVXY 3 minutes before the markets closed. AAPL missing earnings has made me 7% already. Let's see what tomorrows trading brings, the WSJ rumour is already factored in. I remember when they said the fed was on the cusp of buying MBS's for the June and July meetings. Ha.
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07-24-2012, 05:47 PM | #2988 | |
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07-24-2012, 08:56 PM | #2989 |
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I'm still in Aug 1335 PUT- SPX x 4 contracts
End of the week, I'll be looking at selling and rebuying Sept. Expiration's.
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07-24-2012, 10:09 PM | #2990 |
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Oh nice, have you been able to make some good money off those? And what's the theta like on options that far out?
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07-25-2012, 10:22 AM | #2991 |
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I am not day trading my options, I just have them since I needed some downside protection on my 401k account.
I never hold my options into expiration, always buy one month out or more. -.53 Theta as of this morning.
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07-25-2012, 03:15 PM | #2992 |
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SPX been trying to break that 0.5 level at 1344 all day long. Considerable resistance up there. Now it appears to be undergoing a second rejection of the day (first one took the SPX down 12 points thereafter). This does not bode well after an AAPL earnings fall, and it appears the market has run it's course. Tomorrow should be down if this keeps up.
Update: The low volume today is intriguing.
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Last edited by Vanity; 07-26-2012 at 03:37 PM.. |
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