If the market has one more big afternoon to the downside. Not only will true panic happen, but I think it will finally cause the capitulation. I’m looking at SPY and NDX calls here if that scenario materializes and the reason I sold my leveraged ETF’s, even after getting my nuts squashed by an elephant [...]

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I bought the market today heavily. I bought UWM, QLD, and QLD October 49 calls (bought them early and I bought the strike I didn’t want). I bought the calls in a frenzy lining up other trades and realized I got the strike I didn’t want, but I’m sure its going to be fine because [...]

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A couple of thoughts on some stocks that are possibly making moves here.
1. The Dry Bulk stocks are acting like crap and I was obviously early on EXM. In fact, I’ve lost my buy signal. It is now a value stock. Due you due diligence on TBSI, DRYS, EXM, GNK. This may be related to [...]

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Bought FLR October 65 calls @ 5.4

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AAPL calls were puchased today. In my original post I misquoted my entry price and then posted in the comments the real entry.
In @ 8.3
Out @ 11.7
Just keeping honest.

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For a short term trade I bought some AAPL October 125 calls @ around 9.10. Just playing for an oversold bounce.

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Took the VCLK calls off for 21%+ gain @ .85. Purchased @ .70.

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Afterhours all three of these companies reported earnings and it looks are going to cause a nice drop tomorrow morning. This is good for me since I added to my shorts. I wish I didn’t get rid of the intraday QID position today.
I forgot to mention that I dumped PWAV taking about a 1% gain [...]

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Worked:
Being long the NDX and RUT. 6% for the NDX as it broke out to new highs. I’ve been riding this trend for months. Around 32% gain off the bottom for my index trading account. RUT did 3.9% for the the leveraged funds fans.
XLF calls - May 27s. Excellent action today in the XLF. I [...]

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Getting that upwards action I’ve been talking about for the last two weeks. Breaks of 720 in the RUT, breaks of 1400 SPX, DOW 13000 now. I’m long the indexes NDX and RUT and today is a big day or both and looks like there might be more up heading into the close. I may [...]

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Worked:
Getting out of XLF calls options early this morning @ .30 with a 7% gain. I trimmed the XLF calls yesterday with a 35% gain. It was a good move because these calls flipped and closed down 13% from my buy point. They would be down even more tomorrow with C selling more stock for [...]

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Worked:
Being long the indexes. The indexes yielded a little less than 1% gain today.
XLF - Back up. I sold a portion of the XLF calls to raise cash for a speculative call option trade in Glassworks - GLW.
GLW - Bought June 25’s. ITM @ 1.8 I just got a new tv so business must be [...]

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Bought:
MSFT calls this morning @ .95 they are up about 30% on the day. Deciding to hold them.
WFR Jun 90’s @ 1.35 they report tonight.
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QQQQ calls from yesterday hit the 50% gain mark with todays rally/breakout in the compx. I sold about 30% of that position to raise cash for WFR trade.
Indexes look great.

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Sold:
DRYS calls @ 2.65 for a 47% gain overnight. I sold early, because this really is going to 80, but my indicators show very overbought, however, overbought is a sign of strength so its always a tug of what to do.
Dryshippers are going nuts today. EXM, TBSI, DRYS, GNK, DSX
Bought:
PBW - Clean energy wilderhill ETF. [...]

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Last week was a great trading week. Almost everything was profitable.
My index trading which basically consisted of being long, and trimming a little then throwing it back to the long side on a down day was good for around 12%. Maybe more, pain in the butt to calculate at this hour.
Worked:
CPST, YGE, LDK, POWI, DRYS [...]

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