iBankCoin
The first hit is always on the house.
Joined Aug 2, 2009
1,847 Blog Posts

OA Sell: RAX

I dumped my calls in RAX for +100%. Picked up shares of SGOC.

More later.

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38 comments

  1. fly jr

    nasty reversal coming

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  2. The Fly

    only 100%?

    PFFF

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  3. fly jr

    Fly thinks this is a ‘good rally’???? clown

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  4. TheOSU

    Just took a position in TBT for a day/overnight trade with an assumption that we will get a late day reversal in TLT in anticipation of tomorrow’s job report .
    Who knows ???

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  5. widespread panik
    widespread panik

    I think its close to time to buy puts on the TBT. Weaker economy and Fed staying course means we should have a upside reversal on the TLT very soon.

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    • TheOSU

      I’m surprised with this type of logic .
      There is no way for the FED to support a permanently new normal economy that will need years to reestablish sustained employment growth .
      Spend some time and talk to recent college grads . Very sad .

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  6. jbran

    On the “margin”, the economy is getting better. If there is a 10% to 15% correction it should be bought. We got 6% into a correction, which is good for a trade, as OA aptly demonstrated.

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  7. fly jr

    buy 8000 SLV at 18

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  8. Option Addict

    Long NFLX and SOHU puts from this morning. Pairing against my longs.

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  9. fly jr

    RUT isn’t buying this ramp at all.

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  10. StocksRider

    Made 60% on the July $F calls I told you I was grabbing. Thank you for blessing them the other day. Sold them now. Am with you on bidirectional pairing. Switching to couple of hedges on indices.

    Have you heard of mercury retrograde? I know some call it astrology bullshit. But I did a statistical study couple of years ago on the phenomenon and had published them here on ibankcoin as a guest blogger. Bottomline – it introduces lot more volatility and initially swings the markets violently to the downside. That retrograde period begins today. So that plus the uncertainty in tape is putting me in defensive position.

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  11. MikeyWins

    I think the clown might have been Alf who was previously banned.

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  12. StocksRider

    OA here is something else I am doing to play window dressing game. Wanted to know your thoughts. I bought $TQNT July calls because the stock was strong all quarter. Bought $BHP July puts because the stock was weak all quarter. And of course used charts to pick these two. Just a play for this week as it is quarter’s last week. Thoughts?

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  13. fly jr

    Low TRIN reading today – beware

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  14. MikeyWins

    its going to rain one day

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  15. fly jr

    buy 8000 TZA at 32.65

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  16. The Fly

    This is still a ‘good’ rally.

    Believe me now?

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    • fly jr

      no because it is not sustainable unless rates back up considerably to what they were 6 weeks ago. This is nothing but a quarter end window dressing and dead cat ramp. to say otherwise proves market ignorance

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  17. charles c

    Is fly Jr for real? or just a comical annoyance? kinda takes away from the positive vibe here

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    • Option Addict

      I always try to keep it positive. I always attract a few assholes too.

      Not sure what this guy is on. Post trades, make money. To hell with everything else.

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