Steve,

its about time you graduated High School !  .  we shall all be looking forward to your posting some wonderful trades over the next four years as you now have the privelege of paying for college (I can feel your pain ). great to see him accomplish this task. another milestone passes...good trading

sadly i got piggy, not by much, but enough to miss the trade after the results of the 30yr auction yesterday afternoon.  on to the next. good trading.

this wedge should be affected by todays 10yr UST auction which should go more or less ok, but not to rescue this market. It's tomorrow's 30yr auction that should be a mess. dealers don't want the inventory, so that should push TLT down to your lower wedge. should be an interesting opportunity. I will be focusing on shorting 'in' and/or 'at' the money puts (weeklies) late thursday or early friday morning, so i'm very interested in this discussion.    good trading.

rbreese,

just wanted to say thanks for the heads up on this one. it was a perfect opportunity to sell my long position for kids College expense funding! i've held it enough years. good trading

Haz

they filed a form 12b-5 this morning, stating that: ' form 10k for 12/31/14 plus audited financial statement will be delayed, but is anticipated to be filed on or before the 15th calendar day following the prescribed due date of the form 10k' (whenever that is)

silly me, I did a quick check of their financials. no income for 2 and 3rd Q 2014, have not posted 4q 2014. the only way they make payroll (and they do pay well) is to either sell stock or borrow. their entire company and then some is made up of goodwill. I will cheer from the sidelines. I wonder if the stock price could go negative? once upon a time people in Europe thought interest rates could never go negative. 

for those of you who might be keeping track. this one didn't work out as planned. I took the first and then a second position (waited until it fell to 5.30 before I sold some more jan 6 puts @ $.70). got stuck with them of course (assigned). until today. just unloaded @ average price ~$6.25. took an extra month and change to unload, but the ROR for the period still more than met my objectives. good trading. will post when I try again. Haz

nice chart, I sold some march 40 puts based on a similar chart the other day.  should be good money.  good trading

with one of the foremost authorities of 'game theory' at the bargaining table on the Greek side, does one really think that the EU officials at the table really have any idea of what they are up against?  it will be a fascinating study in reality to see what comes of these meetings. we all know the bottom line is that Greece could leave the euro (the infamous: 'grexit'), re-instate the Drachma and imho be much better off (there will of course be a very quick sharp re-valuation of Greek assets - aka cheap vacations). Greece just has to leave behind all the government euro debt (or threaten to) when they leave to really rattle the powers that be. the ECB's move to add yet more liquidity to the government debt markets via QE, will force euro yields ever lower and fuel a bigger move in risk assets. the questions that remain for us traders: does this include oil and gold? I expect even more market volatility in the weeks ahead. good trading, and fwiw: don't get 'married' to any positions just yet. stare at the charts and let BPT guide the way!

..."A bright spot to highlight which may be a change of character for the market is the positive Seasonality of Energy during the month of February. This is historically the best month for the debilitated sector. The daily trading seasonal cycle of WTI shows the commodity has a tendency to move higher starting mid-February. While we are not calling for the bottom in energy we acknowledge the positive seasonal tailwinds at work."''' courtesy of FBN Technical Research

...who's country commonly beheads, gives lashings, cuts off hands and feet, and tortures.

great charts, have that weekly too (learned it from BPT) and monthly all look bullish. thinking that hatefalseweights $3.61 target might be a place to take a little off the table. thanks for posting.

BPT trade idea from 1/7. i took the trade earlier (going long instead of selling puts per my normal trading) and liked BPT supporting the trade . we are rapidly approaching my original target exit price of ~3.50. coming up on decision time whether to 'hold em or fold em'. . while i could take some off the table, i was thinking there could be quite a bit more room based on the charts, the silver market and the decline in oil prices which should boost earnings for the company. a little help here would be appreciated. thanks. good trading.

mla, more like grandma Yellen, puppet master. 

looks like Draghi will propose 1.1 TRILLION euros (1.3 Trillion US). buying 50 billion euros per month for balance of year 2015 AND 2016 from 3/1/15. this is above minimum expections of 500 billion euros and desired level of 1 trillion euros. this will expand the ECB's balance sheet by 50% in that time period, higher than highest levels of several years ago. that's all proposal, but what passes is possibly another story, let alone what will be bought and buy whom (sovereign debt vs corporate debt) and (individual country central bank or ECB). makes for good drama. bottom line, more fuel to the fire. with negative bond yields, portfolio managers who need positive yields of AA rated paper or better will buy US. leaves lots of cash left over for stocks too. good trading.