New AAPL trade idea: AAPL is up on the announcement that Steve Jobs is immortal. This looks like a good sell the news scenario, so here’s a couple ideas. Sell -1 AAPL 95 Straddle 8.05. That puts your breakeven around 87 and 103 in a couple of weeks. This play is assuming that the stock […]
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More Ultra ETF Voodoo
I started to slowly build a position in DXO on Friday. It’s up and doing well, and I’ll add a bit more on a pullback. But looking at the chart… check out the volume- that’s absurd. And it leads me to my next question: how much are prices of ultra and doubleshort etfs really affected […]
Bullish ADBE Straddle Sale
I’ve been looking around for potential stocks to use my High-Strike-LEAP-Straddle-Sale strategy. ADBE looks good. Check out the chart: The play is SELL -1 ADBE Jan 10 30 Straddle 14.00. Here’s the risk profile on ToS: Delta: 18.45, Gamma -5.66, Theta 1.18, Vega -16.90 This puts your effective basis at expiration at 16, and it’s […]
Hold on to your Shorts!
Yep, I’m still around. I’m working on a top-secret underground project, and the videos should be back hopefully on Monday. And to give you some satisfaction, here’s a play: A whale came out in TXN and sold 2100 Jan 10 25 strangles at about 10.60. GREAT play for long term. you’re profitable between 14 and […]
Futures Supply and Demand, 10-2-08
The S&P futures have been giving out some very good singals in terms of supply and demand. If you are a short term trader, here’s what to keep an eye out for: