I am glad there is no stock market manipulation

Whoever had the cojones to play AAPL earnings and made out. Congratulations! Saw some fearless dudes sell the weekly straddle. Of course, everyone thought it would pin 610, but it already pretty much almost hit six freaking strikes (missing 615 and 590 by a c-hair) and spent enough time at 610 not to pin there.

Anyways, who’s the idiot who sold a 695/700 put spread at the top? Rhetorical question. I have a standing order at the 200 line that should fill next week.

The Devil’s Trade

So, it wasn’t too long ago that I sold GOOG at $666. Not long ago, I cage fought Beelzebub with TVIX when it kept bouncing off $6.66. I am all jacked up on pro-hormones waiting for the big AAPL and GOOG now to reach my target this month. Happy Trading!

Monday

It has long been accepted that the stock market performs best on capital inflow days, such as the beginning of the month, or Mondays (also known as “merger” or “mutual fund” Mondays). Specifically, looking at market performance for just Monday’s from the beginning of 2010, and comparing it to the cumulative “rest of the week” performance, shows a ridiculous outperformance of 16.7% (just for Mondays) to 1.3% (for the ROW) – a miracle anyone even pretends to trade on all non-Monday days.

Combine that with EOM buying, 7/30 should be up 1,000 points on the $DJX or not.

Hey Dimon:

The AAPL index

  • AAPL trades like an index. Everyone has it, loves it, shorts it, hedges it etc.. I find it difficult to understand the twits making wild-ass guesses on where it will “pin” today. The answer was always $605. No one had to ask for anyone’s opinion. $605. I had no bullets today, I needed a rest.

I can’t forecast the weather even if I am looking at the window. But, I’ll open myself up to public ridicule by saying the fruit will fall around 40 points before next OPEX, especially if we give back some green on Monday or Tuesday. Confirmation bias. Something to believe in.

FB

No one know what the hell is going to happen at earnings. Do you? Nope. You don’t. Closed half my short yesterday for 2 points. Weeklies expire tomorrow. Click “like” if you don’t care.

MON

Shorted this bitch way too early. Market goes down five days in a row and this keeps inching higher. Rolling long call (of the synthetic long put) into next month at a net zero cost. Ass be saved for another couple of weeks. Going long later.

GRPN

Been shorting GRPN since 11. There was a time I fucked up and had some 9 calls. Oh well, lesson learned.

I am glad there is no stock market manipulation

Whoever had the cojones to play AAPL earnings and made out. Congratulations! Saw some fearless dudes sell the weekly straddle. Of course, everyone thought it would pin 610, but it already pretty much almost hit six freaking strikes (missing 615 and 590 by a c-hair) and spent enough time at 610 not to pin there.

Anyways, who’s the idiot who sold a 695/700 put spread at the top? Rhetorical question. I have a standing order at the 200 line that should fill next week.

The Devil’s Trade

So, it wasn’t too long ago that I sold GOOG at $666. Not long ago, I cage fought Beelzebub with TVIX when it kept bouncing off $6.66. I am all jacked up on pro-hormones waiting for the big AAPL and GOOG now to reach my target this month. Happy Trading!

Monday

It has long been accepted that the stock market performs best on capital inflow days, such as the beginning of the month, or Mondays (also known as “merger” or “mutual fund” Mondays). Specifically, looking at market performance for just Monday’s from the beginning of 2010, and comparing it to the cumulative “rest of the week” performance, shows a ridiculous outperformance of 16.7% (just for Mondays) to 1.3% (for the ROW) – a miracle anyone even pretends to trade on all non-Monday days.

Combine that with EOM buying, 7/30 should be up 1,000 points on the $DJX or not.

Hey Dimon:

The AAPL index

  • AAPL trades like an index. Everyone has it, loves it, shorts it, hedges it etc.. I find it difficult to understand the twits making wild-ass guesses on where it will “pin” today. The answer was always $605. No one had to ask for anyone’s opinion. $605. I had no bullets today, I needed a rest.

I can’t forecast the weather even if I am looking at the window. But, I’ll open myself up to public ridicule by saying the fruit will fall around 40 points before next OPEX, especially if we give back some green on Monday or Tuesday. Confirmation bias. Something to believe in.

FB

No one know what the hell is going to happen at earnings. Do you? Nope. You don’t. Closed half my short yesterday for 2 points. Weeklies expire tomorrow. Click “like” if you don’t care.

MON

Shorted this bitch way too early. Market goes down five days in a row and this keeps inching higher. Rolling long call (of the synthetic long put) into next month at a net zero cost. Ass be saved for another couple of weeks. Going long later.

GRPN

Been shorting GRPN since 11. There was a time I fucked up and had some 9 calls. Oh well, lesson learned.

2014 iBankCoin Investors Conference