Subscribe to Hot Option Babe Subscribe to Hot Option Babe's comments
Nov
11

Thursday Roadmap and trades

Posted by . Comments.

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.
insty selling

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.

patient dog

This entry was posted on Wednesday, November 11th, 2009 at 10:38 pm by . Filed under: Anna's Spread Boutique. Tagged as: . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  • nyxjf
    Hi Anna,

    Did you mention that you are able to provide discount for TOS?
  • springheel_jack
    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.

  • *********** 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

  • *********** 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
  • AS2009
    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 ....
  • mSquare
    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.
  • Crisis What Crisis
    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
  • John
    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
  • i pay 1.50/contract
  • losershot
    $1.50 per contract, no other fees

    You might ask them to match tradeking or zecco.
  • taking a break guys see you in a bit with a new post :)
  • Transports chart is pretty telling. Waiting for new highs is a futile and profitless exercise imo....

    http://screencast.com/t/N2M1OTVkND

    also VIX is pretty f'kin obvious..... http://screencast.com/t/YTI1YmIxOGE
  • springheel_jack
    I'm doubtful about new highs, I have to say.

    I'd welcome them intraday though. Good shorting opportunity.
  • jesterx
    i think the trend line comes in at 1082.70 to 1082.20 would give it a scalp from the long side down there if we get back there.???
  • They are trying to close /ES at around 1089 wow look at them push that
  • TheMacroEconomist
    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.
  • springheel_jack
    Range close day #4 Anna. :-)
  • dollar
    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?)
  • Dollar what a great story, thank you for posting this for us :))))
  • dollar
    Gotta keep up on the important stuff :-))
  • you got that right sweetie :)
  • 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....
  • Didn't trade DIS (yawn) but they beat on both top and bottom so they are in the DOW
  • TransworldDepravity
    Ok, I swear Disqus is messing with my head. No double post. Bought some more AAPL calls (202 holding) keeping my spy puts for a push down tomorrow morning (gap down hopefully).
  • Double Top on NDX, selling on next bounce if there is any
  • TheCrowe
    Itsy bitsy put spread on ANF Nov (37.5/35).
  • G/L Richard :)
  • Anna, for once I'm glad I didnt listen to you. No offense :-D

    I think today at the close or tomorrow AM will be a good opportunity to get in for the latecomers. Should be some kind of dead cat bounce, but this thing is going down into opex. I'm looking for 55-56 on IWM and 1050ish SPX by expiration
  • springheel_jack
    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.
  • loaf_of_bread
    Very good , I concur , the only fly is the oil market
  • springheel_jack
    That could limit further upside.
  • Oh we called for today and tomorrow to be down :)
  • You pulling an XTrends on me? lolll! Don't get too bullish on me now ;)
  • No that's T Waffling LOL hahahah just kidding tw...i just love to say that
  • Anytime girly. :D
  • Uncle said so....we all know that...lol
  • :-)
  • jesterx
    had a great day but i feel this is a head fake, up to resistance again...or even higher. We need to move lower before the bears can start to party with the shirts off in the street....
  • If we close above 1089 it is a bullish sign Jes :)
  • jesterx
    yes anna.... i wouldnt go wave my hands about yet. But let me tell you i am a big fat bear.

    but damn I am liking the dollar movement.
  • hehehe I am long the USD/JPY
  • jesterx
    nice anna, you go.
  • thank Jes, look at them pushing up the futs AH
  • jesterx
    yes asia is very weak....i just woke looks like iM gunna have fun there today.

    He he.... **sharpens claws on the tree**
  • jjblacksheep
    Have most of my puts on but did add AAPL calls near the close.
  • Apple didn't break support there think it might pin at 210 for OPX (we hope)
  • TheCrowe
    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...


    Got me thinking 200/210/220 butterfly...

  • you and your food ROFL hahahaha you always make me hungry :)
  • Romaitas
    good luck on anf
  • ShankyS
    No head fake. The top may or may not be in, but further weakness tomorrow and maybe monday. Up for opex. Follow the indicators!
  • look at the euro, and then re-evaluate that lol
  • I've not gone through the comments, but this chart is from Stocktiming.com (I believe), Marty Chenard's excellent service. He has lots of free stuff. Be sure to visit--you may also want to check out trial subscription.
  • Hi Leisa :)))
    where have you been sistah? thanks I will def check it out
  • 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!
  • loaf_of_bread
    Bingo 1085
  • losershot
    what are we expecting after 1085?
  • loaf_of_bread
    I do not no yet , let me think it over and give you my edjumedicted guess.
  • 1117...

    Skål!
  • Scraoppy
    Berk

    Do you see 1117 next wk into opex>? Is that our P2 top or another retrace and push higher?

    thanks
  • losershot
    thx berk, trying to keep up on the info here, but have a lot of work today :(
  • Yeah, I hear that. This is the longest I have been at my trading terminal all week... (And I have been here for less than 1/2 the day).

    Skål!
  • Hey Berkster ;)
  • Did you see this... K.I.S.S.

    Not sure if anyone mentioned it in the nearly 1000 comments here, but on the chart you posted Anna, it looks like the institutions are trading a simple break-out strategy looking for only a 5% move or so (or the upper BB).

    http://screencast.com/t/YjExMTM4N

    Skål!
  • Great stuff Berk, thank you :)
  • Another thought...

    Intra-market divergence as $TRAN and $COMPQ have yet to breach their Tuesday's low. Market likely looking for a turn up from very near here to finish out a FINAL push. As I said, 1117 looks good in $SPX, 1815 in $NDX, 2207 in $COMPQ, 11450 in $DWC, and 10425 in $INDU.

    Conveniently, it this final push should take us right into a major turning date. Could be some fun stuff...
  • totally agree I bought a bunch of DEC 110 calls right at the low of day :)))

    thanks hot stuff
  • Damn girl... Nicely done. Those should be pretty fat in a couple of days (Minus the $VIX), but that shouldn't be too bad...

    Skål!
  • hehehe thanks Berk :)
  • How goes it all you HOB-its??

    Did you kill WMT Anna?

    Skål!
  • We are known as the HOB-sters (like Mobsters tough and ready to deal with our enemies hehehe)

    so you think 1116 by OPX Friday Berk?
  • I think so yes. Looks like the 4th wave is just getting finished (potentially the A of 4), and we should get one final last blast from the past and up our ass to 1117-1122... That's what I am seeing...

    Skål!
  • That's what both Jack and I have as well :)
  • Good. Glad to hear we are all in the same camp.

    Skål!
  • United we kick ass :)
  • Romaitas
    wooooooop
  • CarolinaMike
    SnP and Anna didn't you indicate 1085 at possible spot for long in SPY
  • never hold overnight is my rule for now.....

    I think from now on it is better to trade what you see...too many possibilities
  • yes I just bought DEC 110 spy calls for a swing trade
  • I am going for 110/112 spread. at $0.80
  • Good luck babe :)
  • thank you you too
  • jr
    Anna, what is your target for this scalp? Also, what indicators do you use to chart? Thx!
  • I follow the EUR/USD and $DXY plus the 5 min and 15 chart on SPY Welcome
  • ibajack
    thanks romaitas i just have to enable margin trading but i do not have to margin correct
  • Romaitas
    yup =) I never trade on margin
  • ShankyS
    TOS soooo much more beneficial.
  • Not sure if anyone mentioned it in the nearly 1000 comments here, but on the chart you posted Anna, it looks like the institutions are trading a simple break-out strategy looking for only a 5% move or so (or the upper BB).

    http://screencast.com/t/YjExMTM4N

    Hope y'all are doing well...

    Skål!
  • AS2009
    Pra - AAPL bounce from 202 again ... if you want to get in ...
  • TransworldDepravity
    you buying more? Thinking of unloading my SPY puts to add to my existing AAPL 210 calls.
  • AS2009
    So where are we seeing this go Anna / SHJ / TW ?
  • ibajack
    Romaitas can you do the debit/credit spreads on TD
  • Romaitas
    yes, you have to have margin activated
  • ibajack
    Romaitas can you do the debit/credit spreads on TD
  • ShankyS
    PBR charts tomorrow
  • K :)
  • sela84
    thanks for answer, one more thing before i go to bed. is there cheaper way to trade options. i have on TOS 1,5$ per contract! i payed for bac put 150$. i dont know about you guys but that is a lot. interactive brokers have this service much cheaper. any ideas?
  • losershot
    cheapest way to trade options over a few would be zecco.com
    I don't know ANYTHING about how good they are or how good their software is or what.
  • Zecco's tools are not great, but their pricing is.
  • Stay with TOS,

    I am transferring from IB. If you want to do options stick with TOS.
    IB sucks and they got mad hidden charges.
  • Ditto with TWaffler :)
blog comments powered by Disqus