My FAS calls are up over 50% today, with my DECK and CRZO calls not too far behind. What you are witnessing here today is a sublime harmony in mathematical precision, some of you call it SHOMP. This is not an accident or coincidence, folks. This is what I do.
The news is not relevant to me, just price action. As of yesterday, I was 70% long, my highest weighting in weeks. I intend to hold that weighting until we are OVERBOUGHT. The banks are leading and that is very important. Aside from FAS, I like BPFH. Go read the company profile of BPFH and then you shall understand why it is the perfect Obama bank stock, AND MORE.
At this pace, my gains are sure to eclipse 20%, year to date, soon. It feels like just yesterday when I was down 8%, promising the world a “Great Spectacular”, in which I intended to reverse said losses for green. Needless to say, I am now deep in the black.
You shouldn’t sell into this rally, in my opinion. The banks have 2-3 days of further upside. Let the summer winds work in your favour [sic], warming the sentiments of the coldest and most ardent of bears. Once that happens, we will sell to them and celebrate like Kings.
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Whats your opinion on $CAT? Hold into earnings?
It should do well
Over the longer term, we break out of this range and really bury the bears.
However, now I am thinking about TLT as a seasonality play in August.
Are you still interested in it, Fly?
in August, yes.
Could it be bank stocks will finally have their day/weeks months and keep the market afloat into even more greener pastures?
My BAC, MS and XLF say hell yeah!
SHOMP! hahaha I love you.
Anybody in the TZOO murderhole?
GAWD!
Perhaps LULU suffers the same fate?
Wow… glad my call spreads expired before earnings. What a beating!
Kids, If Dr. Fly might allow me. Don’t micromanage this market. You want a 25%,return in three months. Buy AAPL. It’s going to $500 as simple as that. Sell your other stocks leverage your cash and buy AAPL.
Do you own the rights to the term SHOMP’ing?
It’s in urban dictionary already. Hilarious definition.
The interesting thing about Basel III capital requirements is that it will transfer some of the market share of future investment loans from the SIFIs to smaller regionals.
Simply excellent trading. First WFR then out of TZOO and into FAS. purrrfect…
thanks
I lik at this article and can’t help but feel this is a turning point in American history. Like, I will look back on this day as a one of the signs that American dominance was on the decline.
http://www.dailymail.co.uk/sciencetech/article-2017122/Atlantis-landing-Nasas-30-year-space-shuttle-programme-comes-end.html
I agree ….
In college I worked in a lab where they were designing the Shuttle tiles.
Sad, but government needs to eventually outsource programs over to private businesses like they have with defense.
Funny, where is the Socialism crowd now?
Indeud.
http://www.takenasapublic.com/
Wait for the SpaceX IPO. http://www.spacex.com/
You didn’t design the glue by chance?
I agree. We don’t dream big anymore. We just bitch at each other about how much we’re spending on not letting Grandma eat cat food, bailing out some capitalist who screwed up, or how some messiah from Kenya is gonna turn us into the new Democratic People’s Republic of North Korea.
When I was a kid (yeah, I’m a bit older than you), I would get up and sit down in front of the TV to watch every launch. When I got to school we watched the launches and “splash downs”. I watched as Apollo 8 went around the dark side of the for the first time, waiting to see if they would return after the radio silence. Then they read from from the book of Genesis on Christmas Eve.
Yeah, we suck now, we forgot how to dream, but we’re “exceptional”. OK everyone can go back to their X-Box 360’s and internet diversions. Dream on America.
I heard my last shuttle landing sonic boom this morning at about 5:53 AM.
It was a beautiful boom boom and window rattler.
Sigh.
It’s all faked, just like this market. Not that I object to free money.
Fuck you.
Market is fake. The space program is/was real.
I call it SHIMP.
Fly you’ve been playing the options game quite a bit lately.
Thought you despised them.
Agreed …
I want a SHOMP t-shirt.
moe, larry and shomp?
Sounds good. Here’s an image for the front side: http://1.bp.blogspot.com/-NQlaRlCpBvk/TfIQPSWbCfI/AAAAAAAAFes/AkOz91Akw9I/s1600/mainimage.jpg
Fly, I tip my top hat to you, as a true gentleman would.
Why FAS calls and not XLF calls? Isn’t the volatility baked into the premium?
If XLF at-the-money calls are selling for $1 and you buy $1000 worth, a 20% move in the underlying
stocks raising the index from 15 to 18 gives you a triple.
If TZA at-the-money calls are selling for $5 and you buy $1000 worth, a 20% move in the underlying
stocks raises the index from 75 to 110, giving you 7 to 1 on your money. Simple poker math.
My examples were shitty but the principle was proper. If FAS is selling for 32,
a 20% move in the underlying equities takes it to 50, and if you paid 3 for
the at-the-money calls they go to 18.
Have been trading now for about only 8 months and overall have been handed a negative 2000 dollar education/ass pounding. It is not the end of the world but still pisses me off. I would hate to imagine what the account might look like without stumbling upon the PPT. Thanks to all who post here and inside the PPT. Learning/laughing every day.
Off to work,
Member for life
boeher may throw a monkey wrench into this rally….or not?
http://news.yahoo.com/video/neworleanswwltvchannel4-15751007/gop-stays-firm-we-won-t-hike-taxes-25951661.html
You mean John Boner, the Tearful Tan-man?
yea that guy,
in order to help r poor congressmen, im gonna start a program, habitat for insanity,
hey raz i have a better idea,take them out on your boat drop em out about 25 miles in shark infested waters.crack a beer,then head back