seriously this day is so friggin boring... who wants to get wasted??

Quote:

Originally Posted by charulz 

seriously this day is so friggin boring... who wants to get wasted??

I'm sure NowWTF does.   Then you can play drinking games like "Can't you seeeeeeeeee ?"

Quote:

Originally Posted by rando 


step 1
shaker w/ ice
juice whole lime
1-2 oz simple syrup (I like closer to 1 oz)
2+ oz vodka (or rum)
Shake and pour over ice
Add 2 oz seltzer water
Step 2

repeat twice
Problem solved. Very important tip: DO NOT omit step 2
ED: US Women try to avenge WC Final defeat by Japan in 50 minutes.

Sounds like a monday morning

Quote:

Originally Posted by IchibomB 

Long GC 18.7

closed /ES short as it neared yesterday's poc (98.5) at 99

POC? 

Quote:

Originally Posted by goneRogue 

POC? 

Point of Control.

The best way to describe it is it's the area of a fractal where buyers and sellers "agree".  The most volume of that particular fractal has occurred at that price level.  

It acts as both support (if price is above) and resistance (if price is below).

Originally Posted by goneRogue 
POC? 

Point of Control

Sorry, that was today's POC, not yesterdays

POCs are the gray lines

I have a a few links in my signature if you want to check them out. 

Quote:

Originally Posted by Venom08 

I got raped pretty badly with aapl puts. I got the $615 puts for $1.30 and had to sell at $0.90.

Ya, not the best day to trade puts with weekly max pain at 620.  They're pinning the f- out of it.

Quote:

Originally Posted by Rock Sexton 

 

Point of Control.

 

The best way to describe it is it's the area of a fractal where buyers and sellers "agree".  The most volume of that particular fractal has occurred at that price level.  

 

It acts as both support (if price is above) and resistance (if price is below).

Sorry guys, I butchered that post with typos.  I fixed it so please take note.

Quote:

Originally Posted by Rock Sexton 

Ya, not the best day to trade puts with weekly max pain at 620.  They're pinning the f- out of it.

What do you make of next week's (the monthly) max pain?

BofA note says its "well-documented" that Feb $TVIX flow caused mkt distortions.

Per twitter

http://condoroptions.com/2012/08/09/i-guess-we-lost-that-one/

Quote:

Originally Posted by jbrand1 

This is amusing, waiting to see how long it takes the ES to correct and recapture the VWAP and trend alongside it for a few hours, I can say that the joy of watching paint dry has been vastly overrated.

This man is a prophet

Did I miss the news? Did everyone just get

Quote:

Originally Posted by webChris 

Quote:

What do you make of next week's (the monthly) max pain?

For me, I wait until about Thursday to start gauging how to trade it.  If we're over it and the market is trending down, I will play puts to the downside ...... and then visa versa.  If it gets pinned, so be it, no trade.

Peak Complacency is Back:

Source: Zerohedge

 

Peak Complacency Is Back

 

Submitted by Tyler Durden on 08/09/2012 14:24 -0400

• Three gentle 'over-complacent' reminders from the world of implied distributions of returns - i.e. the equity options market.Implied vol is its lowest relative to realized vol in six months - implying market participants are banking on a relatively well behaved market going forward relative to the last few weeks. The short-term volatility term structure is its steepest in seven months - implying that investors are as confident in short-term market calmness (and positive bias) as they have been alsmot all year. The implied skewness of options prices is at almost its lowest in five years - implying downside risk in distributions is near record high levels of complacency. Other than that, fill your boots.

   

  Implied vol - the market's forecast for realized vol going forward (simplified we know) - is its lowest relative to the recent realized vol in six months...

  

   

  The short-term volatiluty term structure (yellow chart - lower pane) is its steepest today since mid January...indicating a very significant amount of comfort in short-term market resilience...

  

   

  The green chart below is the calibrated difference between a normal distribution of returns that is implied by options prices - the higher the number the more skewed the distribution of returns implied for the future is to the upside (and the lower the more priced in downside risks are). At the current levels, complacency is near record high levels and has again and again coincided with short-term peaks in equity markets...

  

   

  Charts: Bloomberg

I'm long /NQ at that support. /TF and /ES running into my resistance

still long gold 18.7

/DX in an intraday bull flag.

Daily POC at 82.67

I hope it fails helping my gold trade a bit

Quote:

Originally Posted by Venom08 

I got raped pretty badly with aapl puts. I got the $615 puts for $1.30 and had to sell at $0.90.

Market has been holding all gains and zig zagging to get all put options to decay. I reckon we see a market pop tomorrow.

I see a ton of interest on the Sprint calls these days.

http://www.google.com/finance/option_chain?q=NYSE:S