** rowshan report ** row$han now see the S&P dropping to 500 in 2009. Take it to the bank amigo, either it's rowshan or it's wrong.
You'll have to excuse rover today. He didn't take his meds and has trouble with the copy and paste concept. A bad combo. rover, here are many more you have missed: http://www.elitetrader.com/vb/showthread.php?s=&threadid=145430 http://www.elitetrader.com/vb/showthread.php?s=&threadid=145430 http://www.elitetrader.com/vb/showthread.php?s=&threadid=145430
Again, please excuse rover today. Without taking his meds, his insidious jealousy of me creates delusions that result in him mistaking values like $2 7/8 for $.30. He can't even get the fractions vs. decimals right. Very sad. rover, please take my bud trademonster's advice:
Is there a trading moderator who may want to address rovers infatuation with this thread? please let me know if the moderating policy has changed and idiots can now run rampant on others trading threads, because I know there are a few of us who would be interested. Thanks!
Maybe rowshan comes across as and idiot maybe he dosent(I dont think he does) BUT AS FOR YOU REAVER...you really do come across as a jealous twit that has inhabited et. Where do you find time to trade with the bickering you do. You sound like a girl.
Jan 900 calls, Jan 950 calls and Jan 1000 calls look to be going out worthless! row$han has done it again! either it's rowshan, or it's wrong!
** rowshan report ** thursday afternoon--the S&P index closed 843.7 very likely the Jan 900 calls, the Jan 950 calls and the Jan 1000 calls all expire worthless See how easy that wa$ ?
This thread made me wonder, what's the point in forecasting a 125 point collapse in 2 weeks if you are only going to make 2.75 points per contract from it? Given the excellent call on the direction and timing, this was a poor choice of trading vehicle IMO. If you had just gone short you would have been up 80-120 points depending on your entry & exit timing. As it is, you made 2.75. That's a 30-50 fold difference in profit. Going long the puts, which you dismissed, would also have provided a great return relative to the risk taken. As for continuing to short calls into expiry at progressively lower spikes, might I ask whether you were doing this in September 2008 just before expiration then? Anyone shorting calls there got absolutely annihilated.
Cutten--your mistake is in assuming that the premium sale was my only strategy to profit from my good prediction. It wasn't. As I said, selling premium is 1 way of making $$ here. The MAIN way ( I make my $$ in the market) is by shorting specific stocks. Unfortunately, I've long since STOPPED giving out individual tickers on ET. You of all people remember my journal and the maggots that hassled me, even as I was on fire going 5 for 6--yet you tried to slime on that. But if it makes you feel better, the $$ I manage are +5% YTD. About 80% of that +5% is from shorting specific stocks. And about 20% of the gain is from premium selling. And we're only 2 weeks into the year so i'm quite proud of my YTD performance so far. Thanks for inquiring!
BTW-- many thanks cutten !! It takes a big man to stop all the bitching and give proper kudos to an obvious great call.