Stock Market Intraday Chat: Apr 16 - 20 - Page 24

jstein, is that a bull put spread? meaning you think CMG will stay above 425? I sold my CMG put spreads yesterday, didn't want to hold through earnings, had a tiny profit and took it even though I was quite confident CMG would stay flat or go down, which would payoff for a deep itm put spread.

Seems like all the runners are now weak. AAPL, CMG, PCLN, CRM

Dow up on nasdaq down days, hedge funds taking profit and moving into safer Dow components?

Quote:

Originally Posted by nowwhat 

 

Behold !........The Greatest of American Bed Mattress Companys !......

Your Tempur-Pedic Corp. !.......

*Which kinda looks a BIT like an Iceberg to me

 

 

 

 

 

 

 

Two days later :

.

.

nw 2012

Nasdaq 3000 /......It's like, Ha !.....LOL !

OEX now, complete !

.

^ lol wut

nvm...

Quote:

Originally Posted by counterstock 

If these main posters don't come back, then lurkers like me are going to have to open their stupid mouths.

 

C'mon guys, where are you?

Some of us hang in the Chat room.

Yep... on monday this week I looked at the max pain levels for spy and aapl, and thought to myself, "how the hell are the MM's going to drag aapl down to 580 this week?"  But damned if they didn't do it, for both spy and aapl.  Have I mentioned lately that I don't like the markets?

Quote:

Originally Posted by rando 

Nice 138 pin by the boys... dang. Wedge should be resolved soon, if not Monday. Market sure feels weak here. PCLN, CRM, CMG, GOOG, and best for last AAPL just some of the names showing a lot of strain during this week. I still like this market to at least test 52 week highs, however it looks more and more likely that we test some lower level below the recent ES low 1350s level. QQQ closed I think two pennies over the SMA 50 day. Enjoy your weekend everyone.

Quote:

Originally Posted by rando 

Nice 138 pin by the boys... dang. Wedge should be resolved soon, if not Monday. Market sure feels weak here. PCLN, CRM, CMG, GOOG, and best for last AAPL just some of the names showing a lot of strain during this week. I still like this market to at least test 52 week highs, however it looks more and more likely that we test some lower level below the recent ES low 1350s level. QQQ closed I think two pennies over the SMA 50 day. Enjoy your weekend everyone.

My condor spread on Spy was perfect today until I was entering a limit buy out at .06 and instead hit .6 so it instantly executed for .13 and cost me a good chunk of profit that I could have made about and hour after.

I jumped in on CMG as they bounced off their lower channel this afternoon, so hopefully they rebound tomorrow after dropping out of the channel. The markets are definitely getting weak.

stock market analysis week ending 4/20/12 w/ brian shannon

Good thing it's 4/20. This market has gotten me slumped.

Happy End of the week

It's 4/20!

Smoke sum thin' 

Quote:

Originally Posted by BobK 

 

 

 

Don't feel like the lone ranger. I don't know anyone that has had a good week. I have had 5 negative days this week. Yep, 5 out of 5. Hang in there because I imagine next week will be worse and we just have to get used to trading again.

4 out of 5 for me and taking vacation next week, so I am standing on the sidelines haha

Quote:

Originally Posted by hermanpu 

I tend to do well when others aren't. I like chop and not trends because I don't have the discipline to hold winners very long. I do hold losers until the value goes to zero so long trends will always screw me because along the way I flip the position.

Channel trading is my favorite because I can see the range and make small trades all week long with options spreads and the risk is low because the market is just channeling a small range. The theta burn gain is usually 25% gain on weeklies and 50% if playing one month out on a moderate risk spread. Can double your money every few weeks of the market stays flatish or down. Assuming you use put spreads

I look for weeklies on channel trading stocks a lot also. I may be pushing the gain too hard though, because most I enter are usually around 100% gain in a week. I realize the risk of hitting pay day on those is minimal, but I also look at it as not losing as much when it does miss. I had an AAPL play the week it stumbled that I got in for $350 credit, and the $150 loss at the end didn't sting as much as some of my others. If they could have kept their trend that week I would have been golden. Oh well.