Seeking Alpha
  • Ocean Man
    Sold my weekly $153 $SPY puts for a gain of 30% in 1 day. $2.14 ---> $2.78. http://seekingalpha.com/s/bkj6p
    2/7/13
    Reply (7)
    • neobliviscar: Chicken! Nice trade, but today feels heavier than that. Wondering if we get -150 to -180. Don't mind this old guy..just using the Force more
      2/7/13
    • neobliviscar: than logic. Bonds called this move ystrday afternoon, but the transports aren't confirming short term market top yet.Quotes very slow today.
      2/7/13
    • mdesilvio: I followed you on that but with more time premium: in at $2.30 out at $3.00
      2/7/13
    • Ocean Man: Nice md. And you were right ne'o, it had a bit more down to go.
      2/7/13
    • neobliviscar: Ack! I may be wrong. I figured a lunch mild bounce and then maybe a 2:30 selloff.
      2/7/13
    • Ocean Man: I think that's what we're seeing now....
      2/7/13
    • neobliviscar: I think I was just wrong. Don't fight the Fed and the Transports turned positive.
      2/7/13