3309 Drysdale Ct
Edwardsville, IL 62025
Just wanted to give you a quick shout out (and big thank you) on
this one. After over a decade with you guys you probably know I
don't post much as i'm not an active trader per se (rather sell
short dated put options), but i had to on this one. Because I
really liked the chart set up, last Friday I sold a bunch of
6/18/21, $7.50 and $10.0 puts when WISH was $8.18. Lets just
say I earned another decade worth of payments for your services if
the options expire worthless.... :-) . And then
there's CCJ, which i'm long (per your charts) . Each month I just
keep selling slightly higher out of the money calls, it's a regular
Hi, sent you an email outside of the trading
interesting market correlation - is history rhyming?
this popped up on my phone. as we know, history never repeats
itself, but it often rhymes. scary if it does and one is not
prepared. chart is JFK market vs Trump mkt @ # days into
What would be even more scary would be the $ amount and % of the
global derivatives market the top 4 control superimposed over this
graph. sorry don't have that data handy. YIKEs. thanks for the
the New York Fed re: the upward bias in the 24-hours before an
"We document that since 1994, the S&P500 index has on
average increased 49 basis points in the 24 hours before scheduled
FOMC announcements. These returns do not revert in subsequent
trading days and are orders of magnitude larger than those outside
the 24-hour pre-FOMC window. As a result, about 80% of annual
realized excess stock returns since 1994 are accounted for by the
pre-FOMC announcement drift. The statistical significance of the
pre-FOMC return is very high; a simple trading strategy of holding
the index only in the 24 hours leading up to right-before an FOMC
announcement would have yielded an annualized Sharpe ratio of above
1.1. Other major foreign stock markets exhibit similarly large and
significant pre-FOMC returns."
thanks for the gold/silver physical update. I've been curious
about the current environment. I wasn't paying proper attention
when Matt sold his silver, I waited for the next bounce and only
got ~$42+. I keep looking at that ~$14 but Matt hasn't rung the
bell to buy mine back. so i'll wait, although it is tempting. good
nice setup however, your screens are placed flat to facing 'up'.
For health reasons (back and neck) I suggest they should be tilted
slightly down from the top. I read that last year and has made
a world of difference for my office (although I use only 3
screens). good trading. Haz
reminder- FOMC minutes from the Dec meeting at the top of
the hour. good trading, and hold onto your seats!
we are 20 to 30 degrees above 'normal' during the day, here in
the NY area. wore t-shirt last weekend.
I know, i'm a broken record on this play, (thanks BPT for
pointing it out last year) but it keeps working so I keep 'putting'
it on (at lower strike prices of course). stock @ $4.42, Jan 4 puts
@ $0.20. company has $4.09 in cash @ 9/30/15. Company burns $8
million per quarter. @ 12/31/15 they should have $3.95 in cash.
Thus, should you get assigned on selling the Jan 4 puts, in theory
you will own shares below cash value.
while they report next week, I show they have ~$4.25 in cash.
makes an interesting January short-put option trade. hmmmm have to
work on this tonight. thanks for the idea.
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