CME you gonna break 400 - aren't you sucker!?? Do it -- for ME - do it for Chicago ! YEee haawww ! "Gordon - - - - you once told me- don't get emotional about stocks- ---------- don't!" (just kidding around- gotta have fun or why trade)
OK - like the poster on my wall says: "you always miss 100% of the shots you DON'T take"! so I sold some of my long front month itm calls -- stayed short some stock and front month 35 straddle @ 4.40 still long itm March premium gonna see if they can arb it back to 35
2-2-06 how many days after I posted the above did we get a sell-off in OIH/QM !?? Is it a top? I don't know yet. Most think it is not, I'm sure. But we will watch and see. If so, plenty of time to get short. Gonna see if OIH forms a HS. I say it does! Of course OIL has been going up for so long many forgot was down looks like! That's typically how tops begin.
GOOG I say short GOOG - we are within 5-10 points of a st top. If I had more available funds right now would get into ITM puts and/or sell DEEP ITM c with atm call. Just don't feel like messing with GOOG having not traded it much recently. (I know- at this level its a buying opportunity)
damn- isn't it amazing how patience pays off in trading. (I'm not the first one to day that- am I............ !??)
CME OK - I forgot every dip is a buying opportunity for some dip-shit. But it ain't over yet! Any idiot wanting to buy CME at this level is just that - an idiot! But what fun would it be if it didn't go UP and DOWN! But in order for the smart money to distribute stock they want out of -- they gotta get enough suckers into the stock at the highs. Happens every time. No different this time. It will still see <400 IMHO. But because of the buy-every-dip mentality I sold some lower strike CME puts.
APOL the sun is rising! maybe ? DNA I leave for a few hours and when I return its all GREEN. It's all good. I think the saying should be changed to - "It's so EASY being green" Now is this head-fake distribution b.s. on these two--- or do we got some legs here?! I'm in the neutral zone - but hopefully the train is just leaving the station.
IMCL you are going back to 35 - aren't you?! In fact --- I know you get pinned there or <35. Just got a hunch. Think maybe I should have closed the put side of my 35 straddle. No wonder they were holding the puts at .60 while the calls were only 280 near HOD. Yep - we got your #.