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post #41 of 179
6/14/12 at 3:18pm

es trade.PNG

 

trade from information risk, out on those, but I am still long

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post #42 of 179
6/14/12 at 3:48pm

LNKD looking great here for a move higher tomorrow IMO.

 

105x June 22nd weekly calls at .85.

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post #43 of 179
6/14/12 at 4:00pm

es trade.PNG

 

re entry after the big fade

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post #44 of 179
6/14/12 at 4:03pm

I got stopped out on my first re entry after it started moving back down for 4 or 5 ticks

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post #45 of 179
6/14/12 at 5:36pm

fQaFJ.png

 

Been real hard for me to flip anything lately, the choppiness has beaten me up a little the past two days. I have a SPY July 134/133 strangle. Boom or bust region right here in my opinion. Either we break out of the inverse HS or leg down on the smaller head shoulder.  

Markets a bit mixed, utilities and financials are normally the first things to start trading bearishly when we're anticipating a bearish event. However, if we are anticipating for a bearish event over the weekend I'm not seeing this type of movement. Or typical tech market leaders are stalling and sitting around or very close to support while financials and utilities aren't exactly stalling. 

 

wBMzN.png

 

Looking at today's volume, there are a lot of puts being sold and not so many being bought up. While there's an influx of calls going out at ask or higher. 

 

My theory is we could potentially run a little bit as a possible bull trap or to give a false impression of a break out of the IHS. Then followed by resumed selling next week. 

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post #46 of 179
6/15/12 at 9:55am
Thread Starter 

looks like BP broke out.. RIG not quite yet

 

Quote:

Originally Posted by charulz View Post

Wondering what you guys think of BP and RIG here? 

rigbp.PNG

 

Take a look at this chart comparing $WTIC with the $SPX.. they've been trading very closely until recently. Wondering if oil will play catch up here...

 

wticspx.PNG

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post #47 of 179
6/15/12 at 10:00am

In JNJ June 22nd 65x puts at .30

 

Big resistance here on the weekly, looking for it to pull back today and next week. But I'll probably sell today if I get a decent profit. Don't want to hold much this weekend with the Greece stuff.

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post #48 of 179
6/15/12 at 10:03am
Thread Starter 

in BP july 42s @ .5

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post #49 of 179
6/15/12 at 10:07am

Looking for an early test of 1343 next week on spx cash.. I would not be wanting to take short side risks right now.. Way too much program sentiment risk.. Just imo.. They saw exactly what they needed to in AH last night and early this morning. Will see how it plays out though.

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post #50 of 179
6/15/12 at 10:08am
Thread Starter 

jnj.PNG

 

you seeing this?

Quote:
Originally Posted by o7media View Post

In JNJ June 22nd 65x puts at .30

 

Big resistance here on the weekly, looking for it to pull back today and next week. But I'll probably sell today if I get a decent profit. Don't want to hold much this weekend with the Greece stuff.

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post #51 of 179
6/15/12 at 10:12am

Another thing, when and if apple can catch up on the semi slacking, which seems to be relative strength conflicting with some shorter term relative weakness.. That should be the real confirmation here... I am looking at 1360 like ichi, although not sure what his time frame might be.

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post #52 of 179
6/15/12 at 10:39am
Quote:
Originally Posted by charulz View Post

jnj.PNG

 

you seeing this?

 

I haven't, thanks for posting that. Watching it now.

 

I'm really only trying to catch the top here on the weekly chart. Looking for a retrace back down to 64.50 - 64.75

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post #53 of 179
6/15/12 at 10:43am
Thread Starter 

yea i joined you on that trade.. also got the weeklys so if it tanks today, i'd look to exit, but I think this may go lower.. if 64.50-64.75 level gets taken out, 63 should come in sights shortly

Quote:
Originally Posted by o7media View Post

 

I haven't, thanks for posting that. Watching it now.

 

I'm really only trying to catch the top here on the weekly chart. Looking for a retrace back down to 64.50 - 64.75

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post #54 of 179
6/15/12 at 10:49am
Quote:
Originally Posted by charulz View Post

yea i joined you on that trade.. also got the weeklys so if it tanks today, i'd look to exit, but I think this may go lower.. if 64.50-64.75 level gets taken out, 63 should come in sights shortly

 

Yep, although I wouldn't count on that. That 64.5-64.75 will be huge support.

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post #55 of 179
6/15/12 at 10:54am
Thread Starter 

jnj.PNG

 

 

another bearish chart of JNJ.. these are my favorite set ups to play.. break(down/up), then retest and continuation of the move

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post #56 of 179
6/15/12 at 11:07am
Quote:
Originally Posted by charulz View Post

jnj.PNG

 

 

another bearish chart of JNJ.. these are my favorite set ups to play.. break(down/up), then retest and continuation of the move

 

 

 

This is what I'm watching

 

 Picture 35.png

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post #57 of 179
6/15/12 at 11:18am

TEVA breaking down here on very high volume.

 

37.5x July puts at 1.40 ...i'm not in it, already in a couple positions. Just watching.

 

edit: target is $36.88

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post #58 of 179
6/15/12 at 11:51am
Quote:
Originally Posted by o7media View Post

TEVA breaking down here on very high volume.

 

37.5x July puts at 1.40 ...i'm not in it, already in a couple positions. Just watching.

 

edit: target is $36.88

 

Breaking out higher now. I'd get out here at 1.25 and look to re enter later.

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post #59 of 179
6/15/12 at 3:47pm
Quote:
Originally Posted by o7media View Post

LNKD looking great here for a move higher tomorrow IMO.

 

105x June 22nd weekly calls at .85.

 

LNKD taking off eod

 

+2.5% almost at $101. The calls unfortunately haven't done that much yet. 1.10 on them now.

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post #60 of 179
6/15/12 at 3:59pm
Quote:
Originally Posted by o7media View Post

 

LNKD taking off eod

 

+2.5% almost at $101. The calls unfortunately haven't done that much yet. 1.10 on them now.

 

Now they're flying. Going for $102's.

 

Calls at 1.45 +70%

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