Following up my previous post anticipating a bounce in building permits, it appears that I was correct in my prediction. As I sit here at my desk holding USG stock that has made me as uncomfortable as receiving a blow job from Ms. Pac-Man (watch the fucking radii) over the past few days, I present, [...]
Next week on January 20, data will be released concerning building permits and housing starts. Spare me the mass media’s view of the economy trembling like an egg slowly rotating in a “Time Cook 10″ set microwave and look at the historical data we have. I took this data from the Census and compiled a [...]
As the Federal Reserve adjusts its ongoing monetary policy, their main concern is striking the necessary balance to control inflation and prevent deflation. In an effort to keep this post succinct and non JakeGint-esque I’ll try to present my research like a jujifruit- short, sweet, and bound to stick in your head for a while.
The [...]
POM, a stock I mentioned before is continuing to break out and it is one of my favorites for the summer PJM electricity commodity spike. They are a DC/NoVA area utility provider servicing the nightlight burning policymakers of our gristle on the stache shotgun in your mouth, get the fuck off our here porch nation. [...]
Bought CIEN 5 Jul 10 Calls @ $1.35 and AMLN 3 Jul 10 Calls @ $1.65. Below is the updated chart.
Option
Contracts
Ave. Price
Actual Price
DRYS
Jun 7.5
Call
19
$0.45
$0.30
CIEN
Jul 10
Call
25
$1.45
$1.40
PLD
Jun 7.5
Call
6
$1.78
$1.60
AMLN
Jul 10
Call
9
$1.70
$1.65
Long
70.78%
Short
0.00%
Cash
29.22%
In addition, International Paper (IP) broke out today and I mentioned this one in my first Position Trading Options post.
CIEN is looking good today and I’m adding to my position while it is at the bottom of that ascending triangle. There was a new analyst rating for that company, giving the stock some more attention. If tech is leading the push in the market (specifically the comm industry) look for CIEN to shovel more [...]
I just got a chance to check out the market today, and decided to buy 3 more contracts of PLD @ $1.70 with approximately 2% risk. Also, I decided to buy 6 more CIEN contracts @ $1.30, same risk. I am looking for a put to obtain some short exposure should the market start to [...]
I was able to get to a computer today and check the position trading options portfolio. Here are my assumptions for trades so far:
DRYS: Bought 10 contracts @ $.50
CIEN: Bought 2 contracts @ $1.90
PLD: Bought 3 contracts @ $1.85 (honestly what I probably would have gotten for them) new stop is at $1.10
AMLN: Bought 3 [...]
Theoretical portfolio $10,000 and individual trade size based on 2% risk. The plan is to trade them like they are stocks but with the leverage of options. I searched for “cheap” options by looking at the price of the options relative to their strike and those with higher probability of chart breakouts, considering their sector [...]
Being the original “hmmmmm” poster (hence my new name) and not some imposter illiterate goblin that waits in the dumpster behind the local Auntie Anne’s like most of you, I must express my sentiment about the Fly’s thoughts. You see, most of the blogosphere is one big circle jerk where stories and ideas get pillaged [...]
