Just a quick update for you people. The original post on the SPY Condor that was opened last month can be read here:
http://www.ibankcoin.com/peanut_gallery/index.php/2009/05/29/iron-condor-basics/
That said, the position is up about $500 as of today’s close, down from a high of $925. This rise in volatility has hurt the short-term profitability of the position. However, it is [...]

The Important Matter of Bad Nicknames
November 10, 2007 – 9:36 pm
I’m fucking busy, so this will be brief.
A long time ago, “little Fly” was a kick ass baseball player, a pitcher of course.
I must have been 12 years old, on the mound, striking batters out–as usual.
Then, all of a sudden, my Mother started screaming from [...]

I know DPeezy has been covering some option strategies here over the last few weeks, so I figured I’d throw in my 2 cents. I am a huge fan of Condors in these market conditions when everything is choppy and range bound. If you trade options and aren’t trading condors, you are missing out on [...]

This is a follow up post to last week. Check this one out first. What you want to look at is the chart I posted. We clearly bounced down off the 8.500 level of downward channel. Since then, we pulled back to 8,250. Today’s upward move (on very low volume) brought us right back to [...]

——————————————————————–
——————————————————————–
——————————————————————–
Dear I B C readers…
Fuck off you George Kendall hating, weak minded, herd following mother fuckers.
Good day.

News this morning:
- Dow Chemical lost $1.55 billion in Q4 of 2008 and will continue to see losses.
- SAS, a Canadian airline, is cutting 3,000 jobs and desperately looking for new investors.
- Tyco International, makers of ADT security systems, posted a decrease in profits of 24% in Q4 of 2008.
- Macy’s is cutting 7,000 job [...]

I like to keep my charts simple. Makes me more money. Watch these stocks get taken to the cleaners in the upcoming selloff. Trading is so simple.