I bought some NUGT calls prior to Christmas based on the 5 year dollar index looking super bearish with an ascending triangle which could complete a final shoulder on h&s. (And no rate raising would probably weaken the dollar)
Im green, but sadly, jnug has been the better mover by far.

Bought some $120 March 15th AAPL put options this morning on the open. Normally don't prefer to buy options on the open but it's in the green right now.

Another thing to note:
- The 2YR UST is now at the same level as the Fed Effective Rate of 2.4%, which is betting that Fed Rate Hikes are dead in the water for now.

You've got some balls going with those puts... Hope it works out for you.

Futures up big prior to the jobs report being released.

Insider trading happens every single day!

This and China progress fuels a pop. Need to see a serious rally above 2525 for some trend upward.

NFLX on a short chasing move. If we move upward at all it will be over $300.

And AAPL under $150 is a gift. I thanked them for providing an opportunity to add on this overreaction.

pfo said:

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Futures up big prior to the jobs report being released.

Insider trading happens every single day!

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SPX was up 36+ points earlier, so it's actually come down 5-10 points

BAC $25.10 just like that.

They made it back and then some into opening +37.50

Just let my FMC rock on up to $75 please.

MGM option trade 2nd time going to pay. Don't get caught napping on the double. Exit and smile

Selling 50% of my craptastic amount of FMC buys above $75 for a wonderful $2 cushion on the rest.

I'm getting some puts in place for 1/11 on this bounce, still think we're going to see an h soon

Go bizzaro world. Do the opposite and buy an equal amount of Calls out of the money on first pullback at lower prices out 2 weeks.

Lot of pure reversal strength across multiple sectors.

That's assuming we get any significant pullback. Another 30 minutes and we'll be calling a short squeeze confirmation. You see an SQ completely cover yesterdays drop and move upward then big money is swimming with the bulls.

gougler08 said:

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I'm getting some puts in place for 1/11 on this bounce, still think we're going to see an h soon

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Let us have a little fun on a Friday.

There was your first short trap move! Game on

The machines are in control. Timed the pullback just ahead of the release on interest rates. Powerful money knows all and that is some scary stuff!

Yep

Prognightmare said:

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gougler08 said:

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I'm getting some puts in place for 1/11 on this bounce, still think we're going to see an h soon

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Let us have a little fun on a Friday.

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If I'm wrong...most of my money is in stocks/ETFs/funds anyways so I'll take a small loss in my trading account

Weatherford up 27% today. Anyone still holding on to any shares? If they can keep from being de-listed, it could be an interesting gamble.

SQ hit my $58 target for dumping 20% of buys. Whoop!

Will take 2525 to see BAC run to $27+

Lot of shorts on that sucker fighting tooth and nail hoping this isn't a trend reversal move.

Whole lot of shorts with puckered buttholes right about now...

oldarmy1 said:

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Will take 2525 to see BAC run to $27+

Lot of shorts on that sucker fighting tooth and nail hoping this isn't a trend reversal move.

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2520 seems to be pretty firm resistance over the past week

jmcfar_98 said:

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Now if US & China can agree next week watch out.

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i bought spy 255 calls out 18 days this morning. Hoping things get rocking.

Why 2525 is a definitive trend requirement.

The 3 day pattern is an attempt at a reversal. You have a middle lower low than either day before or after forming the triangle. If it fails its generally signaling further decline. The day 3 pattern is the key. See the last one that had the bottom triangle but the 3rd day failed to reach close to the 1st day high. I call that a Bear Wink signal and hedge accordingly into the close.

This current 3 day attempt has come all the way back and eclipsed the 1st day of the triangle. a close above 2518 would be extremely bullish and I wouldn't hedge anything. A close above 2500 would be bullish but I would hedge. All this against the backdrop of getting fills at targets on % of stocks bought on the 2350 bottom and those entered yesterday like FMC or re-entered sales made from 2350 such as SQ and V rebuys, along with selling naked Puts on stocks like AAPL.

Buy low/sell high!



also note we have a cup and handle from the 2350 forming.

2522!

oldarmy1 said:

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2522!

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We may be going somewhere

BABA hitting my $140 target for initial sells of $130 buys but I'm selling $140 covered calls for added juice.

Only 25% of buys. Obviously indications are looking like a bull move on the markets coming, so strictly discipline selling of trading shares on schedule.

MGM reached $26 target and options sold!