Browsing All Posts filed under »Closed trades«

We’ve found a loser!

August 3, 2011


Ummmmm. 1250 didn’t hold, neither did 1240. The Swiss are intervening in the Currency markets. Gold is exploding higher again. Domestic economic data points toward slowing/negative growth. All winning streaks must come to an end, just ask the 1995-1996 Chicago Bulls. STOPPED OUT on the Long S&Ps from 1248 (5 point stop = 1243). The […]

Take the Money (and Dramamine) and Run!

August 1, 2011


If you’re a fan of, or at least not afraid of volatility, today, and the past few weeks are the things (trading) dreams are made of, particularly in the typically slow “dog days of summer”. As we wait for Speaker Boehner to take to the mic for some more (predicted) self aggrandizing, followed by a […]

High Five Friday!

July 29, 2011


Who cares about this so-called “Financial Armageddon” when you can scalp S&P futures for 12 points in 1 1/2 hours? If we dip back to 1283 (200 day moving average), I would get long again with a 5 point stop (overnight lows 1278.50), otherwise you take your $$ and run like Steve Miller and his […]

Great success!

July 28, 2011


In the event that you took the round about reco to be SHORT Sept RBOB and LONG Sept HO (gasoline v. heating oil) spread yesterday (psuedo crack spread)……may I present you with a gift horse that you ought not look in the mouth. That spread moved “our way” by between 4 1/2 and 5 cents […]

Opportunity to close VIX trade

July 27, 2011


On July 5th, I wrote about a largely anomalous situation where Index Equity vol (as measured by the Vix) was trading at a discount to historical vol. I recommended a long vol position based on market complacency, Greek situation, etc. ( ) . Two weeks later you had the opportunity to exit that trade […]

Silver 43.50 calls……

July 20, 2011


Covered! Good guys 1 – market 0. 43.500C 0.050 0.065 0.050 0.065 -0.056 12:38 325.00 +$750 per contract (or $1,000 if you did not move up the .05 to .10 cover)