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rjm77me
rjm77me vip
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rjm77me's Blog : One more shoe to drop = For market short term change of direction

Date February 9, 2012    Comments Comments (11)    Rate this post Recommend This Post (38)   
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Free Options Trader Guide

Market makers do not know how Greece bail out will play


It can go up 10 to 200 points in one day. That will indicate the short term top with a 3 to 5% correction.


Those are my views


I have started building 5% of my portfolio with protective puts  IWM March 80 puts can be a good place to buy protection. One does not neeed to buy protection in one go - Build it as the market shows it;s hand. 


I am also selling March calls for any stocks I want to hold = or one can set up stop losses for any market direction change.


Most of traders do not have time to watch the market minute by minute


I am also looking at sector topping like Biotech - That sector was the first to start rally and can use a breather or profit taking.

Tags : BIIB   CELG   AMGN  

11 Comment(s):

Author rjm77me     Date February 9, 2012 12:01 Abuse this post Report Abuse
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Check out HPY - it does pop up 80% of times on earning day
Heartland Payments beats by $0.11, beats on revs; guides FY12 EPS above consensus, revs above consensus (24.72 )
Q4 (Dec) earnings of $0.35 per share, $0.11 better than Estimate of $0.24; revenues rose 13.2% year/year to $125.1 mln vs the $121.9 mln consensus. Co issues upside guidance for FY12, sees EPS of $1.52-1.56 vs. $1.30 Estimate; sees FY12 revs of $530-540 mln vs. $524.82 mln
Author rjm77me     Date February 9, 2012 12:08 Abuse this post Report Abuse
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One can trade NTRI for next 5 days - not as an earning beater - It has high short ratio and earning to be announced next week
Author rjm77me     Date February 9, 2012 12:12 Abuse this post Report Abuse
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One can read earning announcements of RAH and that provide the info why THS was also hit due to increased cost of grains
Author BSNBC     Date February 9, 2012 12:26 Abuse this post Report Abuse
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companies should just dilute the shares on this market liquidity. can pay off long term debt. for example, today Trina Solar has $140 million gain in market cap. expected to lose money this year. can dilute and make money. companies might as well take advantage of greed. the insiders and hedge funds are clearly taking advantage.
Author MightyMo     Date February 9, 2012 12:27 Abuse this post Report Abuse
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One thing you can check on. Everytime the market had a major down day due to Greek debt fears, I said to buy. Just think how much profit one would have if they took advantage of all those market days!
Author rjm77me     Date February 9, 2012 13:59 Abuse this post Report Abuse
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Mo
Agreed
You just need to latch on to stock you like
I have HUM as my fav for the week = Bought some March 85 options at 2.45 - sold 2 hours later for 2.90
That is good money
Also trading IWM puts - Buy puts when market is up and sell on dips
As i said I want to keep some put options for the rainy day - Every one has to have a plan and some times things do work to plan - then you just listen to market
Market is always RIGHT
Author rjm77me     Date February 9, 2012 14:03  Edited: February 9, 2012 by rjm77me Abuse this post Report Abuse
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BSNBC
It is not that easy to make secondary offering or they may be planning for one. The offering Bankers normally make the stock run up and then Bam comes the secondary offering. Normally it starts with few coordinated UPGRADES - Some stock buying to create the right set of mind. Check it out
Actually the whole Solar sector is up BIG
Author MightyMo     Date February 9, 2012 14:31 Abuse this post Report Abuse
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protective puts. Yes the smart money utilizes that. Trolls and TB on this site don't understand that. ..but what would one expect from them!
Author rjm77me     Date February 9, 2012 19:54 Abuse this post Report Abuse
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Todays after hour negative movers TRLG -22.0%, NUAN -12.8%, LF -9.2%, ASYS -7.2%, GDI -7.2%, EXPE -4.4%, EVEP -4.1%, LGF -2.4%.

Author rjm77me     Date February 10, 2012 10:04 Abuse this post Report Abuse
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First RED day - expected one for last few day.
Buying some IWM puts helping today - see yesterday's note above
Author rjm77me     Date February 15, 2012 23:09 Abuse this post Report Abuse
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Market is trying to shake off the bull trend - It does not mean the up trend is dead - SHORT TERM TRADERS GOING TO RUN AND TAKE PROFIT - THIS MEANS THERE WILL BE FEW RED DAYS
So one can sell - hold or buy puts or index puts
As mentioned before 401K is 70% in cash as I can not do quick trading
Trading accounts is protected some what - 40% hedged as IWM puts provide decent protection
1 put contract for every 200 shares will work some what. One can also use stop loss and come back in market next week.
This is option expiry and there was too much bullish sentiments.
Option eriters are loosing money and they hate to do that
Happy trading
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