General Trading Chat

[arsh22g]

US inventories is not the only thing that matters. Even if the US inventories are low, you have to remember that US is not lifting enough oil from persian gulf or from WAF. They have their own home grown concoction called shale which is in abundance. Crude is going down on lack of demand which can be attributed to slowing economies world over. Conspiracy theorists will also say that the OPEC is deliberately keeping supply intact to counter US shale producers. Whatever the case is, crude is in a super duper bear grip. Expected bottom is 30 USD as per many analysts. Untill then at least every bounce of a percent or two is a sell.

That's a fundamental view, I was asking from a short term point.
Looks like there were two reference points
"Market analysts' expected a crude-stock rise of 1.1 million, while the American Petroleum Institute late Tuesday reported a decline of 7.3 million barrels."
Actual decline of 5.5 mn was less than the second data of 7.3 mn, may be that's why. But whom to believe in future .....

 

[Riskyman]

That's a fundamental view, I was asking from a short term point.
Looks like there were two reference points
"Market analysts' expected a crude-stock rise of 1.1 million, while the American Petroleum Institute late Tuesday reported a decline of 7.3 million barrels."
Actual decline of 5.5 mn was less than the second data of 7.3 mn, may be that's why. But whom to believe in future .....

Its the short term view thats adds up to make the long term!!
EDIT: See even I can sound like an analyst with vague misleading words. hehehe

On a serious note.. the fundamentals eventually catch up. Just like we are seeing in china. The market is way way smarter than we think. It will eventually find equilibrium.

 

[Somatung]

Dan Bhai, With a long straddle under your belt im hoping that there will be a wild move either ways with abundance of money to fill your pockets.
Good luck man!

No wild trading is needed. Just watch the chart and watch where SPX is now at the moment

 

[Somatung]

Will not post or give any answers to this, as this was and is a live example how even a long straddle with later leg in can be traded in the king of any markets. Put is protected, no stress during whipsaws time and full with the up move.

Take care / Dan

 

[Somatung]

Not every day will be like today, but good understanding of charting and PA in any way does a lot help, beside understanding of option strategy trading to do the job. Hope you enjoyed what I showed for once and for the first time live in the S&P500, as I never did it before live.

Take care / Dan

Of course: From here on you have to do other leg in and out according to what market does. It is a bit like: Soduku. You have to see it and take the right option or what ever derivative leg to stay and move on in the trade.

 

[arsh22g]

Put is protected, no stress during whipsaws time and full with the up move.

Take care / Dan

Hi Dan

How did you protect the put here?

 

[Somatung]

Hi Dan

How did you protect the put here?

How would you do it according to your knowledge, as I know you are quit in option trading? So do it the way you think you would do it and that will do the job.

Take care / Dan

 

[Riskyman]

Of course: From here on you have to do other leg in and out according to what market does. It is a bit like: Soduku. You have to see it and take the right option or what ever derivative leg to stay and move on in the trade.

Thats a pretty fast chart you use for options trading.
Im kinda getting older so i end up using slower charts
Good nite man. talk tomo.

 

[arsh22g]

How would you do it according to your knowledge, as I know you are quit in option trading? So do it the way you think you would do it and that will do the job.

Take care / Dan

He he ...protective ehh
I was interested in knowing if you are using something unique or standard delta and gamma play....anyways, nice you make profit consistently with this:clap:

 

[Somatung]

He he ...protective ehh
I was interested in knowing if you are using something unique or standard delta and gamma play....anyways, nice you make profit consistently with this:clap:

You would have to explain what standard delta or gamma play for YOU is, so I can confirm or deny what you ask for.