Time to close out the C.A.N.D.I.E.S. portfolio? Cramer Defcon mode!
kylestt & jbrand1's intra-day scalp plays - Page 5
Still holding short calls, premium + GOOG price action inflating the price about $1 since entry. Then again, with a -.44 delta and the very impressive -.50 theta, too juicy to let these go (yet) as an open anywhere in this range would be a nice chunk of premium I collect. Instead, I'm looking to possibly short 100 shares of common stock before the open tomorrow if the ES stays below 44.25 S1.
Bought back 605p @ 1.50, took 1.10 off my cost basis on the 595p.
hate to say it, but if we dont get that big push down in GOOG here, my daily ichi chart is about to give a bullish signal LOL. talk about a cluster****.
I've been hoping to hone in on the 4hr chart for my trades and we are severely tight right now, either i'll average down tomorrow for a fun opex or i'll be going long LOL
I knew I liked this trade for a reason! There's always next time.
With 48hrs until op-ex, a weak SPX/NQ tape would certainly work to our advantage. I'm still seeing the same "true demand" zone I highlighted in the weekly chart, 600 seems to be a psychological support level, whereas 580-585 certainly has the real support via accumulation. Let's see how this plays out:
I have a LOD print of .56 on my platform, I did cover my shares afterhours for 602.00 though, certainly aiding in padding any potential downside if the play doesn't pan out. Looks like I could have even done better, 602 firmly on the ask now.
edit: oh, I see you were referring to AH. Yeah, I had a day-order, but I saw the ask come down AH for the fill.
I agree. In fact, if the below chart was a representation of the SPX the average eye would say it's in the midst of a blow-off top prior to capitulation and syndicate/smart money accumulation. I think this thing can continue down, and I still believe the action in AAPL (as I've been saying prior to the 500 upside breach) is truly reflective of the latter stages of the distribution phase in the S&P -- retail money was clearly buying this name above 500 to catch the final leg of the move before the correction that trumps the upside:
yea man 1334.88 is what i think i had the other day, so the bounce at 34.75 is close enough., figured it would take until friday to see $80 on the /dx as well, however tonight sounds just as good lol. Of course this is perfect spot for the euro to bounce so what happens between now and open tomorrow who knows.
will for sure be the most fun we have seen in opex in 3-4 months IMO.
Trying to focus on the 4hr timeframe with this strategy. So far its starting to reflect some fairly decent returns.
1) TS/KS cross about to occur (bearish)
2) Price below both TS and KS (bearish)
3) CS lagging indicator under price action (bearish)
4) Price breaking top Kumo support and entering into cloud (bearish)
5) Projected kumo cloud closing and about to give a cross (bearish)
Soo umm yea, 5 bearish things, granted they all have not signaled yet, they are very very close and should be by tomorrow morning in theory. Target is bottom of the kumo where we SHOULD get a bounce unless sellers say otherwise.
Edited by kylestt - 2/15/12 at 10:25pm