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Post by huh on Aug 15, 2016 10:24:59 GMT -5
I don't know anything about options, but if it were me I'd try to get MSFT Oct 50 puts (currently trading .44) while selling upside same month OTM 60 calls (currently .88) - and all of this would ideally take place if/when VX_F is <12.50 Alright, let's see how this MSFT options trade would work out: Bearish MSFT options trade setup (monthlies): BUY Oct 50 puts @.29, SELL Oct 60 calls @1.08, for a NET CREDIT of +.79 to start There should be an even better set-up later today or tomorrow morning when/if MSFT takes a peek >59, but I may not be watching it when that happens(and besides, by the time I posted it, it would be too late for anyone to actually do anything with it)
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Post by huh on Aug 15, 2016 10:40:47 GMT -5
...Also waiting for the most important thing of all - VIX scams to eat a little more of that contango candy. (VIX ops exp. this week) Yum Yum Yum Yum
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Post by walnut on Aug 15, 2016 10:55:11 GMT -5
markets tend to correct on a change in presidents. This is what Im betting on. Especially when one of the candidates hints at some of his supporters to assassinate his opponent. I lean to Trump, but I think that he did do that. I think that threw a chill on the economy, truly. It is unprecedented.
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Post by huh on Aug 15, 2016 11:04:18 GMT -5
No decent candidates want to run for this election, either party, because they know what's coming. And who wants to be the one responsible for that in the history books? Ecxept maybe a woman - might be the best chance for a first woman President - remember what I said before about bringing a woman in for the dirty work
JMHO
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Post by Herceg on Aug 15, 2016 11:06:18 GMT -5
...Also waiting for the most important thing of all - VIX scams to eat a little more of that contango candy. (VIX ops exp. this week) Yum Yum Yum Yum I'm not sure I follow this statement............Are you implying more downside on UVXY / TVIX as your earlier statement said you expect a pop in UVXY in the near term...
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Post by huh on Aug 15, 2016 11:07:35 GMT -5
Yum Yum Yum Yum I'm not sure I follow this statement............Are you implying more downside on UVXY / TVIX as your earlier statement said you expect a pop in UVXY in the near term... Yes, just a little more down first. VX_F may go sideways but the VIX scams down a little more as the contracts rollover
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Post by huh on Aug 15, 2016 11:12:14 GMT -5
Remember, this is an OPEX week for the market -- and VIX options expire this week as well, VIX EOD tomorrow, and VIX futures 7:00am Wednesday
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Post by birthmark on Aug 15, 2016 11:17:25 GMT -5
One more push up from APPL and I'm out. Sold my NUGT. Still waiting to get UVXY and DUST GL
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Post by huh on Aug 15, 2016 11:33:52 GMT -5
One more push up from APPL and I'm out. Sold my NUGT. Still waiting to get UVXY and DUST GL LOL. I'm waiting for the exact same positions as well
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Post by huh on Aug 15, 2016 11:35:55 GMT -5
It was so hard not buying UVXY last week when it finally hit my final downside target ↓↓ - and I'm sitting here wondering if I already missed it. But I'm counting on two things - contango & decay, especially early in an OPEX week Mkt is boring as ever, short UVXY and just sit and hold...............decay alone will make you money over time.......... JMO and BOL......... JMO, but I think there's very little upside in that trade now. It was there when I called short UVXY ~48.30 pre-split (~240 in post-split numbers). VX_F should now find strong support in the 12.20's (VIXY 29.90's, UVXY ~20)
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Post by huh on Aug 15, 2016 12:00:35 GMT -5
Oh come on USDJPY, just take the dive already. That spring board's not going to hold forever
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Post by huh on Aug 15, 2016 14:43:43 GMT -5
Alright, oil, that's enough showing off. USO is now sitting right at the highest potential target I saw for it with this run @10.76
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Post by birthmark on Aug 15, 2016 16:10:36 GMT -5
One more push up from APPL and I'm out. Sold my NUGT. Still waiting to get UVXY and DUST GL LOL. I'm waiting for the exact same positions as well I'm in good company Huh!! You taught me well!! GL
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