A great day! 4.6% in the RUT or 4.3% in the TWM. If you don’t know, TWM is an ETF that gives you 2x inverse of the RUT daily close. I cutback my index short at the close significantly to protect profits. I went from being heavy or all in short to lightly short. I [...]

• Comments

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 [...]

• Comments

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 [...]

• Comments

Worked:
Nothing. Well the IWM calls worked great up until 2:45. However, I wasn’t home, so I wasn’t able to take advantage of the quick move. I thought we would get more than the upside we saw today. I held onto those IWM calls and actually tripled up my position.
Sucked:
Being long the indexes. RUT lost less [...]

• Comments

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 [...]

• Comments

What a friggin day today was. I thought it was going to turn into a sucks post, but I was right. Today was an excellent reversal day. Dow down 300, NDX down 5%+, at one point today only to close up Dow +299, and NDX down only .34%.
I went long the indexes on Friday and [...]

• Comments

Forcing trades. Its definitely not a time to be experimenting.
Here is what I was looking at today for the RUT/IWM calls.

There are a couple of spots I didn’t put on the chart where I could’ve gotten out with those 13/14% gains. That first buy on the green hammer (I bought when it was red before [...]

• Comments

I’m in a chancy mood today. Bought some RIMM November 105s for $2.
I actually had profits in both RUT index calls and the IWM calls at one point today. Both shortly after their purchases. I’ll post charts later. 13% and 14% gains respectively, but I wasn’t quick on the trigger and was anticipating the move [...]

• Comments

I talked about it yesterday that I was going to buy weakness this morning. If we opened weak and I started to see signs of “oversoldness” I would attempt to buy that.
Bought some November IWM 79 calls. They have 1 day to till expiration. I just like the R2R ratio on this.
I’m fading the gap [...]

• Comments

Johnttttt writes: “I am looking for an instrument that follows RUT as closely as possible, that has high volume and liquidity and can bring profit even from small moves of RUT. The problem is that RUT itself cannot be traded because it’s an index and not instrument. Any ideas???”
My reply: You can trade the RUT [...]

• Comments

Yesterday I picked up UCTT for my IRA. Its up 10% as of my buy point yesterday afternoon. Nice call?
There is now news, just good volume. I’m not going to time this one. I’ll ride into January and beyond on Ultra Clean Holdings. Its my largest position in my IRA at the present.
I’m looking to [...]

• Comments

Sold the CAB calls, bought DIA puts and IWM puts. I’m up nice on IWM puts, but still down a bit in the DIA puts. I think the dow will continue to selloff though and make those profitable.
I also swapped my index funds to the short side this morning. We may have to wait till [...]

• Comments