Little pullback to be expected.
Exercised October puts on: (GTrades)
SRCL, -2.29%, 19 days
IPGP, -1.76%, 19 days
Month to Date:
My ports: -15.93%
Brokerage: -14.35%
BBE Overall: -15.42%
S&P -14.43%
% of Trading Targets reached: -442.76%
I’m screwed ratio: 48.4 to 2.8
Yes, it was a massive short squeeze. Yes, the bond markets were closed today. Yes, it’s Thanksgiving in Canada. Yes, it’s merely a dent in the beating we’ve taken in the past month.
But damn, it was nice to see some green for a change.
Month to Date:
My ports: -14.44%
Brokerage: -14.57%
BBE Overall: -14.48%
S&P -13.98%
% of Trading Targets reached: -414.11%
I’m screwed ratio: 48.4 to 2.8
Long to Cash %s: 117.08% to -17.08%
Hell, what a DAY! Looking for a couple more days of selling with folks getting their Q3 statements and freaking out, and then I think we may have seen the worst of it. Let’s get those credit markets MOVING again!!!!!
GS buying S&P futures is a good sign in my eyes, and I think the G7 meeting will provide a good psychological boost if nothing else.
It’s been a fascinating week and educational to put it mildly. Going forward you’ll likely seem me trading more options (3 month range) rather than pure stocks – it makes sense for me in these relatively short term trades.
HAVE A GREAT WEEKEND!
Closed:
Exercised puts on SAP -1.91%,. held 15 days (GTrades)
Sold puts on AMZN (ZQNML) +36.67%, held overnight (GTrades short)
Sold puts on BJ (BJXG) +49.9%, held overnight (GTrades short)
Sold WMT & associated put, -2.6%, held 17 days
Sold puts LEAP (UAOMF) +28.7%, held overnight (GTrades short)
Opened:
Bought puts (GTrades short pick)
Month to Date:
My ports: -22.87%
Brokerage: -22.14%
BBE Overall: -22.63%
S&P -22.90%
% of Trading Targets reached: -656.79%
I’m screwed ratio: 48.5 to 2.6
Like I said, it’s like 1987 in slow motion.
Closed:
FAST -3.5%, held 14 days (stock & put sale, GTrades)
Opened:
2 GTrades shorts (put options rather than pure short)
Threw a couple calls on one of my very beaten down GTrades positions – just more of a gut thing, not much at stake.
Month to Date:
My ports: -22.43%
Brokerage: -21.02%
BBE Overall: -21.97%
S&P -21.99%
% of Trading Targets reached: -637.67%
I’m screwed ratio: 48.4 to 3.6
I thought the way we kept fighting off the lows today that we’d actually end the day up. The yield curves were starting to look like we might be seeing a tiny thaw in the credit freeze.
Then Paulson spoke.
The fatigue is seriously getting to everyone. How many down days in a row must we have before we finally see some true capitulation? Was it today? Could we end a day in the freaking green SOMEDAY??
Closed:
LLTC +4.49% held 4 days (short position, GTrades)
Month to Date:
My ports: -17.26%
Brokerage: -16.47%
BBE Overall: -17.00%
S&P -15.55%
% of Trading Targets reached: -502.09%
I’m screwed ratio: 48.4 to 3.6
Really, WHAT IS IT GOING TO TAKE to get this market turned around and the credit freeze defrostsed?
The bill has been passed. Yes, the government is buying commerical paper. Yet is still feels like absolutely nothing is being done…
Month to Date:
My ports: -15.95%
Brokerage: -15.19%
BBE Overall: -15.71%
S&P -14.59%
% of Trading Targets reached: -456.40%
I’m screwed ratio: 48.4 to 3.6
Apparently today. We only ended down 369 points on the Dow after being down near 800 points. Could we have rallied out of a global coordinated rate cut because we didn’t show true capitulation?
Feels like we’re watching 1987 all over again, just in slow motion this time. Very weird.
Month to Date:
My ports: -12.43%
Brokerage: -9.86%
BBE Overall: -11.60%
S&P -9.39%
% of Trading Targets reached: -328.16%
I’m screwed ratio: 48.4 to 3.6
Managed to erase 300 points on the Dow in the last couple hours of the day.
Could we PLEASE get this out of our system and get the credit markets MOVING again?????
Closed:
APOL +2.0%, held 10 days (3×2)
Opened:
GTrades pick (short w/call)
Month to Date:
My ports: -7.26%
Brokerage: -6.78%
BBE Overall: -7.10%
S&P -5.76%
% of Trading Targets reached: -197.22%
I’m screwed ratio: 48.4 to 3.7
Long to Cash %s: 132.48% to -32.48%
Yet another craptastic day while the politicians sit around and look for PR opportunities rather than trying to FIX the problem before the entire country sees it’s life savings disappear.
Closed:
RYAAY, +2.86%, held 3 days (3×2)
Month to Date:
My ports: -4.61%
Brokerage: -5.76%
BBE Overall: -4.98%
S&P -4.47%
% of Trading Targets reached: -131.59%
I’m screwed ratio: 48.4 to 3.7
Long to Cash %s: 145.95% to -45.95%
