Thanks to both of you! The better play may be to short or long after the move. I'm looking at monthly BB squeezing and essentially a basing period for the last 18mos. I last saw this in AMZN before it moved from 80 to 140.
You know what… I'm very much in agreement with you on that. I remember that last sell off to 1044.50, and how they pushed the market up every day into the option expiration date.
I expect the same thing to happen here, as there are a whole lot more put contracts on the SPY, then call contract. I know that they won't pay out all that money. So at some point, I expect a run up into OPX.
As Dreadwin mentioned, the IV crush will kill the value of the call. The only way I play options anymore is by doing a spread. It neutralizes the IV that way, as both the call you sold and bought both lose value together.
So, when you go to buy back the call you sold, it will be much cheaper… assuming the stock price went in the direction you wanted it too.
TNA had a SELL-IF signal, was down today, sold at the open, and has a Wait for tomorrow. The TNA buy was at $56.50, and the sell was at the opening price of $69.10, up 22.3% since the buy.
TZA had a BUY-IF dignal, was up today, bought at the open, and has a Hold for tomorrow. The TZA buy price was $5.54. TZA closed today at $5.85, up 5.6% since the buy.
Three recent TZA Buy signals have failed and may perhaps serve as a warning: Buy at $7.33, sell at $7.14 Buy at $7.11, sell at $7.05 Buy at $7.04, sell at $6.51 Buy at $5.54, up 5.6%
For that matter, recent TNA Buy signals (until the last one) have also been uninspiring: Buy at $55.36, sell at $55.43 Buy at $55.69, sell at $55.63 Buy at $56.50, sell at $69.10, up 22.3%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +0 Hold: GLD(gold, up 2.5%), EWU(England, down 5.4%)
I recall looking at it in February. The IV crush was so bad that only in-the-money-puts were able to take advantage of the big plunge. Haven't taken a look at it since.
Anyone ever played FSLR on an earning's play? I was leaning bearish, but am now bullish. I'm looking at May 140 call options. My obvious concern is IV crush. Earnings are after close tomorrow.
I'm actually just playing around on the computer, looking a different wordpress themes. I'm thinking about changing Anna's for her… to give HOB a new look.
Plus, I'm looking for one's for this site too. I'll have to custom edit the graphic's and all, but I did it with both sites the first time, so I can do it again.
Thanks to both of you! The better play may be to short or long after the move. I'm looking at monthly BB squeezing and essentially a basing period for the last 18mos. I last saw this in AMZN before it moved from 80 to 140.
You know what… I'm very much in agreement with you on that. I remember that last sell off to 1044.50, and how they pushed the market up every day into the option expiration date.
I expect the same thing to happen here, as there are a whole lot more put contracts on the SPY, then call contract. I know that they won't pay out all that money. So at some point, I expect a run up into OPX.
Hey C C…
As Dreadwin mentioned, the IV crush will kill the value of the call. The only way I play options anymore is by doing a spread. It neutralizes the IV that way, as both the call you sold and bought both lose value together.
So, when you go to buy back the call you sold, it will be much cheaper… assuming the stock price went in the direction you wanted it too.
Hope that helps…
The Daily view from Americanbulls
TNA had a SELL-IF signal, was down today, sold at the open, and has a Wait for tomorrow. The TNA buy was at $56.50, and the sell was at the opening price of $69.10, up 22.3% since the buy.
TZA had a BUY-IF dignal, was up today, bought at the open, and has a Hold for tomorrow. The TZA buy price was $5.54. TZA closed today at $5.85, up 5.6% since the buy.
Three recent TZA Buy signals have failed and may perhaps serve as a warning:
Buy at $7.33, sell at $7.14
Buy at $7.11, sell at $7.05
Buy at $7.04, sell at $6.51
Buy at $5.54, up 5.6%
For that matter, recent TNA Buy signals (until the last one) have also been uninspiring:
Buy at $55.36, sell at $55.43
Buy at $55.69, sell at $55.63
Buy at $56.50, sell at $69.10, up 22.3%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): +0
Hold: GLD(gold, up 2.5%), EWU(England, down 5.4%)
Transition to Market Positive: -1
BUY-IF: GOOG
Transition to Market Negative: +2
SELL-IF: UCO (2x oil), SLV(silver),
Market Negative: -17
Wait: TNA(3x), UWM(2x), ERX(3x energy), EWX(emerging mkts), IWM(1x), QQQQ, AAPL, DIA, SPY, EWQ(France), EWG(Germany), IYR(1x RE), URE(2x RE), DRN(3x RE), AMZN, USO(oil), GS
Comment: Very Bearish overall, Bearish Oil, Bearish $RUT, Bearish Real Estate
Action for TNA or TZA for tomorrow: none
red want to make some cash….
buy the dips man….
It is a super trap for bears….
Think of it
Not even 200 MA is broken. it is just one day of 200+ point crash.
There is no heart or guts left in bears to short anymore…
I am a bear by heart with trailing stops on action.
More downside to come but limited thats for sure. WE are going to new highs in the next couple of weeks…. before opex may. imo
I recall looking at it in February. The IV crush was so bad that only in-the-money-puts were able to take advantage of the big plunge. Haven't taken a look at it since.
Anyone ever played FSLR on an earning's play? I was leaning bearish, but am now bullish. I'm looking at May 140 call options. My obvious concern is IV crush. Earnings are after close tomorrow.
You guys are bad… Ha Ha!
I'm actually just playing around on the computer, looking a different wordpress themes. I'm thinking about changing Anna's for her… to give HOB a new look.
Plus, I'm looking for one's for this site too. I'll have to custom edit the graphic's and all, but I did it with both sites the first time, so I can do it again.
Just something to occupy my time I guess…
Hahaha…that is what i gona do. hope this not a one day thing…