Anna here gang
Here is a chart on what the Institutions have been doing since July….I found it quite telling, tip to JJBlacksheep for getting this to me.
Thurday 8:30am is Jobless Claims, consensus is 510K previous week was 512K, if the number comes in better than expected, we may test that 1108 that I keep harping on. Today (Wed) I mentioned I didn’t think we were quite done, and not to get into large trades in puts. I think we are close to a retracement that you can buy puts on but not quite yet.
Patience is worth it believe me. In options don’t go out far in time and way out of the $. As you have seen this strategy hardly ever works out, you want to do ATM or ITM options with about a month or more out not more than 45 days for me.
Glad we bailed on CTRP as it’s up over 10% AH and GMCR has come way back, I would like to see it about at 75 by OPX and the butterfly will work perfectly, I did do some adjusting, but most of you keep it the way it was.
Gold has kept going like a man with his hair on fire, I picked up some puts today and if it doesn’t pull in soon I will bail. I do not stay in losing trades. 40% is my limit down max pain 
You all have a great night and see you on the other side.
November 12th, 2009 - 3:00 pm
Bought some more AAPL calls (202 holding) keeping my spy puts for a push down tomorrow morning (gap down hopefully).
November 12th, 2009 - 3:01 pm
thank Jes, look at them pushing up the futs AH
November 12th, 2009 - 3:01 pm
Have most of my puts on but did add AAPL calls near the close.
November 12th, 2009 - 3:02 pm
Apple didn't break support there think it might pin at 210 for OPX (we hope)
November 12th, 2009 - 3:03 pm
Didn't trade DIS (yawn) but they beat on both top and bottom so they are in the DOW
November 12th, 2009 - 3:03 pm
yes asia is very weak….i just woke looks like iM gunna have fun there today.
He he…. **sharpens claws on the tree**
November 12th, 2009 - 3:04 pm
Anytime girly.
November 12th, 2009 - 3:05 pm
well, we are setting up for a nice trade again for sure….at least the MMs are increasing the cycle frequency….so we have two cycles instead of 1 cycle per month….
November 12th, 2009 - 3:05 pm
Don't know if you saw this Anna:
Goldman Sachs saves kittens (really)
Posted by Tracy Alloway on Nov 12 14:35.
An update.
Earlier on Thursday, FT Alphaville cited a report from New York that Goldman Sachs had failed to pay veterinary bills for a bundle of kittens born at one of its under-construction buildings.
We can now happily report that the bank has paid the fees and homes have been found. Says a Goldman spokesman:
They are now the luckiest kittens in Manhattan.
We’re pretty sure we could make a fat cat joke here, but since saving kittens is clearly God’s work, we shall abstain.
Instead, here’s a picture of a happy kitten (caption suggestion: I can haz bonus?)
November 12th, 2009 - 3:06 pm
Dollar what a great story, thank you for posting this for us
)))
November 12th, 2009 - 3:07 pm
Gotta keep up on the important stuff
)
November 12th, 2009 - 3:07 pm
you got that right sweetie
November 12th, 2009 - 3:10 pm
They are trying to close /ES at around 1089 wow look at them push that
November 12th, 2009 - 3:11 pm
If AAPL goes to 210, that will create an I H&S which measures to …. oh…225 or so, depending on where you draw your neckline on the InvH&S. Of course, that's two 'if's. *
* If I had ham, I'd have a ham sandwich…if I had bread…
November 12th, 2009 - 3:12 pm
good luck on anf
November 12th, 2009 - 3:12 pm
you and your food ROFL hahahaha you always make me hungry
November 12th, 2009 - 3:13 pm
i think the trend line comes in at 1082.70 to 1082.20 he says he would give it a scalp from the long side down there if we get back there.???
November 12th, 2009 - 3:15 pm
Transports chart is pretty telling. Waiting for new highs is a futile and profitless exercise imo….
http://screencast.com/t/N2M1OTVkND
November 12th, 2009 - 3:15 pm
taking a break guys see you in a bit iwth a new post
November 12th, 2009 - 3:17 pm
Berk
Do you see 1117 next wk into opex>? Is that our P2 top or another retrace and push higher?
thanks
November 12th, 2009 - 3:21 pm
I'm doubtful about new highs, I have to say.
I'd welcome them intraday though. Good shorting opportunity.
November 12th, 2009 - 3:22 pm
Range close day #4 Anna.
November 12th, 2009 - 3:25 pm
Anna – please could you send me an email with the rates that you get in ToS – seeing if E-trade can try to match them for me ….
Or anyone else who got these rates through Anna – if you could post – price for options ….
November 12th, 2009 - 3:25 pm
Recall my downside target had been 1085. They over shot that a bit on a stops run and now a bit of a pullack. Maybe now they overshoot a bit the other way.
Speaking of stops runs, there was the mother of all stops runs on the ZB futures with the bill auction results. Bonds then recovered most AM losses to end almost flat for the day.
November 12th, 2009 - 3:27 pm
*********** NEW POST**********
<3<3<3<3<<3<3<3<3<<3<3<3<3<<3<3
******************************
<3<3<3<3<<3<3<3<3<<3<3<3<3<<3<3
November 12th, 2009 - 3:27 pm
My first post before the open:
The RS on the EURUSD (futs) H&S pattern that I was mentioning yesterday formed and the H&S indicates to 1.486.
EURUSD has weakened since to 1.489 while SPX is up (?!). If the EURUSD H&S plays out to target we may see more SPX weakness.
There is also a somewhat weaker but very discernible H&S on SPX indicating to 1085.
As I mentioned yesterday, I am expecting to see further closes in a tight range as part of a topping pattern extending into next week, so I'm not expecting anything particularly exciting to happen this week. That range looks like 1080 – 1100 SPX. There may be spikes out in either direction intraday though.
November 12th, 2009 - 3:27 pm
$1.50 per contract, no other fees
You might ask them to match tradeking or zecco.
November 12th, 2009 - 3:28 pm
*********** NEW POST**********
<3<3<3<3<<3<3<3<3<<3<3<3<3<<3<3
******************************
<3<3<3<3<<3<3<3<3<<3<3<3<3<<3<3
November 12th, 2009 - 3:28 pm
i pay 1.50/contract
November 12th, 2009 - 3:35 pm
Very good , I concur , the only fly is the oil market
November 12th, 2009 - 3:39 pm
I do not no yet , let me think it over and give you my edjumedicted guess.
November 12th, 2009 - 3:50 pm
Fidelity charges $8.00 + $0.75 per contract. But that rate only applies for the most active of traders (and I am a caffeinated trader for sure.) Break even is about 11 contracts per trade.
http://personal.fidelity.com/products/trading/?...
John
November 12th, 2009 - 3:55 pm
That could limit further upside.
November 12th, 2009 - 4:02 pm
I am well….though I've undone a good bit of my good work this year with some early entries. I also could have managed my BAC calls a bit better. Left lots on the table. Greater option position for me than I normally take…so in hindsight, I could have cut the position and held longer, and the absolute gains would have been same.
I see the comments are rockin!
November 12th, 2009 - 4:03 pm
From traders I know, the TOS rate seems to be between .75 and 1.50 per contract depending on your account size and the number of trades you make per month
November 12th, 2009 - 4:06 pm
We closed in the current topping range for the fourth day today. Updated range closes chart:
http://www.screencast.com/users/springheel_jack...
We need one or two more closes before we can start down again in earnest I think.
Interestingly, when I added the ultimate oscillator and looked at the waning momentum of this leg of the rally, it suggested that we have another push up before this swing top is in. That might not mean a new high on SPX of course, but it might.
Thought for the day: we are up only just over sixty points in the last three months. This rally isn't running away as yet.
November 12th, 2009 - 4:14 pm
TOS will match anyone's rates (besides IB). You have to call and ask them for it. I have $4.95 + 0.65 per contract. Things may have changed after their being bought by AMTD, but they have not yet changed my rates for an account opened earlier.
November 13th, 2009 - 8:44 am
Hi Anna,
Did you mention that you are able to provide discount for TOS?