16 replies to this topic

[eminimee]

My top super duper secret indicators say we could be down as much as 13 to 18 spx points today after possibly making one more high this morning.. . whether we will or have seen an IT top after today is questionable at this time on spx but I believe NDX IT top is in unless of course it's not. PS: short OEX via 250 April 660 puts ...average cost 8.25 (but that average cost includes 50 I bought at 9 and sold at 11) short OEX via 100 February 555 puts ...average cost 90 cents..(pure gamble play) Flat ES and NQ now but have been trading a hedge ..long and short around the puts. If we hold over 1458 for more than a very quick pop....I'll be looking to throw a hedge on ES. Looking to add another 50 April puts in the first half hour this morning. I'll update the trade in this thread. fwiw

Edited by Teaparty, 07 February 2007 - 06:37 AM.

[jjc]

My top super duper secret indicators say we could be down as much as 13 to 18 spx points today after possibly making one more high this morning.. . whether we will or have seen an IT top after today is questionable at this time on spx but I believe NDX IT top is in unless of course it's not.

PS: short OEX via 250 April 660 puts ...average cost 8.25 (but that average cost includes 50 I bought at 9 and sold at 11)
short OEX via 100 February 555 puts ...average cost 90 cents..(pure gamble play)
Flat ES and NQ now but have been trading a hedge ..long and short around the puts.
If we hold over 1458 for more than a very quick pop....I'll be looking to throw a hedge on ES. Looking to add another 50 April puts in the first half hour this morning. I'll update the trade in this thread. fwiw

thx for posting.

[Bob-C]

My top super duper secret indicators say we could be down as much as 13 to 18 spx points today after possibly making one more high this morning.. . whether we will or have seen an IT top after today is questionable at this time on spx but I believe NDX IT top is in unless of course it's not.

PS: short OEX via 250 April 660 puts ...average cost 8.25 (but that average cost includes 50 I bought at 9 and sold at 11)
short OEX via 100 February 555 puts ...average cost 90 cents..(pure gamble play)
Flat ES and NQ now but have been trading a hedge ..long and short around the puts.
If we hold over 1458 for more than a very quick pop....I'll be looking to throw a hedge on ES. Looking to add another 50 April puts in the first half hour this morning. I'll update the trade in this thread. fwiw

Hi Teaparty, thanks a lot for sharing your trades and FF. What's your take on the semis and SMH in particular?

Keep up your good work!

Good luck on your trades.

Bob-C

[eminimee]

If I'm not going to hit the homerun.....I'd be happy with a double. This count would fit a WWW low...maybe a WWL (late week) low. Then I could shuffle the line up and put some heavy hitters in for game 2.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=8&dy=21&i=p39300587637&a=91722385&r=9951.png

[S.I.M.O.N.]

could be down as much as 13 to 18 spx points today

i guess you did'nt get the memo about 5pt pullbacks in the spx.

[Sentient Being]

Thanks, Teaparty. I'm going to follow you on this, unless of course, I don't!

[eminimee]

Have not added the 50 puts yet for obvious reasons.

[hiker]

thx for update, em.

[eminimee]

Sold my Gamble oex 655's for a 10 cent loss.

Edited by Teaparty, 08 February 2007 - 10:08 AM.

[eminimee]

Yesterday I went long at 1448 as mentioned in this post...I forgot I should have put it here.



http://www.traders-t...mp;#entry270735



I'm still currently hedged to the extent I've locked in approx. 7 grand of profit on the puts. I'm also scalping NQ and ES outside of this hedge using a 10 min chart but for me to list all those trades in real time is almost impossible but I won't be including those numbers in my "hedge" accounting.

The best way to represent this is this way.

Using the last price on the OEX 660 April puts shown on IB this morning (7.40), that position is down 17,500 and my "hedge" is up 25,000. Temped to take that hedge off right now at 1455 but will wait on the first hour this morning.....updates to come.