Stock Market Intraday Chat: May 7 - May 11 - Page 35

Watch us be flat tomorrow.

Looks like lots of people wanted in long, probably too many. How does the likes of one more shake out sound before taking it higher?

41x weekly puts w/ a theoretical price of  $3 ATM.. from a .40x.43 close.

volume = 13k contracts today

hmm.. wonder if there was some insider knowledge about this

na.. couldn't be. there was a bill just passed banning insider trading

Quote:

Originally Posted by barbellman 

Interesting volume on the $JPM May (Weekly) $41 Puts at 13,800 - dwarfing all other weekly strike calls/puts volume

Quote:

Originally Posted by rst 

ES has a H&S bottom formation on the 60 minute chart.
Have to wait and see if it's real or an illusion!

Its a lowsy one but im hoping you are right cause some of my longs are killing me...

Ok, nice BAC order did finally get filled.  I'm sticking by this one the 7.50-7.80 was big long term support this little quick move helped damage some of that making a play to $7 in time lot easier.  It's going to bounce around for sure but I'm going to stick with this I think this JPM news is going to play out all night tonight and lots of retail investors who are tied to BAC might finally look to bail.

holding starter short on V from earlier today didn't think I would get JPM news here could help fill that gap even sooner..

Why can I not wrap my head around options trading....

I have read the threads on this site and referenced the educational links posted and attepted to understand but my brain just cannot grasp the fundamentals.

• Write a Covered Call
• Close a Covered Call
• Perform a Buy / Write (Buy a stock position and write a covered call)
• Perform an Unwind (Close a covered call and sell a stock position)

• Buy a call (to open)
• Buy a put (to open)
• Sell a call (to close)
• Sell a put (to close)

I have know idea what these are.....I know call and put!!

Also option charts are like reading greek to me no matter how many charts I reference......

I NEED A TUTOR

THIS TERMINOLOGY IS KILLING ME!!!!

Question - I can "option" positions that i already have in my portfolio?

How does that work?

I hope my frustration can be felt becasue this is slowly not becoming Fun....

Thanks

same outcome as today.. nothing to write home about.

Quote:

Originally Posted by Venom08 

Watch us be flat tomorrow.

Quote:

Originally Posted by mookie360 

Why can I not wrap my head around options trading....

I have read the threads on this site and referenced the educational links posted and attepted to understand but my brain just cannot grasp the fundamentals.

 

• Write a Covered Call
• Close a Covered Call
• Perform a Buy / Write (Buy a stock position and write a covered call)
• Perform an Unwind (Close a covered call and sell a stock position)

 

• Buy a call (to open)
• Buy a put (to open)
• Sell a call (to close)
• Sell a put (to close)

 

I have know idea what these are.....I know call and put!!

 

Also option charts are like reading greek to me no matter how many charts I reference......

 

I NEED A TUTOR

 

 

THIS TERMINOLOGY IS KILLING ME!!!!

 

Question - I can "option" positions that i already have in my portfolio?

 

How does that work?

 

I hope my frustration can be felt becasue this is slowly not becoming Fun....

 

Thanks

Go to the educational part of this forum. It's very good.

http://www.hotstockmarket.com/f/47/stock-market-education

JPM news oddly timed, could have easily waited for the weekend. tactical? perhaps some offsetting news to be released overnight to neutralise this? Just blows my mind how regulators let the market bully them around by letting things get so out of hand before they act. You would get a real recovery if they acted at the first hint of negative news (in this case beginning of April) instead of periodically scaring the SH&%T out of people. This "crisis" is mainly psychological at this point imo.

ya know this JPM nonsense is so being blown out of proportion and the timing is really in question.

IF anyone needs to mark to market their dam books, its the governments and other houses abroad. These synthetic funds on the mark to market is not a layed out method and as mark to market in other securities and  aspects.. its not as cut and dry as the media is touting..

Its a guess and they guessed improperly.. so WHAT if they hedged improperly and more than was required, its their prerogative and not this stupid volker rule which needs to be thrown out with the frank rule also. How much more retarded regulation derived by 2 faced politicians do we need to choke off the industry.

2B pffft, thats what they spend on lunch in 1 hour. JPM better able to absorb it more than others.

If this bleeds into other banks, its unjustified and gobbledygook poppycock

They are just on a retard tantrum, touting anything negative they can pull of out of their ass.

Yay spin.. keep it coming until everyone and their mother is short.

What exactly is a synthetic loss?

(I read this and think synthetic pants ) 

Obviously someone goofed large there but I have no idea what they did exactly. 

They basically sold CDS insurance swaps (insurance - bullish) and had a recover perception. The market went the other way..

JPM will not cover or exit the insurance and just hold it for years now, as the losses will be exacerbated if they attempt to exit since the whole industry knows about it.

Quote:

Originally Posted by CanuckMom 

What exactly is a synthetic loss?

 

(I read this and think synthetic pants ) 

 

Obviously someone goofed large there but I have no idea what they did exactly. 

here we go..

Ha, its a sign for big ben to do QE

when are you not bullish?

QE will not happen and i think thats clear from the BOE decision. Why did they stop with a recession?.. yeah..

You want it to happen, say your bearish and then hell might freeze over.

And thats corzine and diamon

Is there a day SLV is not down?

not until gold stops.