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  • VIX - Options Volatility And Market Sonar: Thursday Recap  [View article]
    Eric, Thnx for your report.
    While everyone was talking about 1540 level,its breach didn't have any significant impact today. Tomorrow promises to be very interesting day, with IBM numbers missing expectations, stock was down more than 3.5% in AH. It has high weight on index but probably MSFT and GOOG will balance out IBM's -ve impact. Both posted good number and were up in in AH. I must admit, this is very resilient market and its not going to go down that easily.

    VXX and VIX activity today is very confusing and surprising.
    Apr 18, 2013. 06:45 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Wednesday Recap  [View article]
    Eric,Thanks for the report.

    It was action packed day. $AAPL lead the decline from the front. It dropped like a rock below 415. When I saw it at 416, then I bought put spreads of 410/405 at strikes. After that,it just went downhill. It looks like stock is heading below 400 before results. Tomorrow $VZ report pre-market, their Iphone activations may shed some light on $AAPL numbers.

    Would you mind sharing,if you are short outright or via puts on $AAPL? Also, plz share your outlook on $AAPL?

    Your $SNDK trade looks kinda complex. $SNDK was super volatile in AH.
    Apr 17, 2013. 07:15 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Tuesday Recap  [View article]
    Eric, Thanks for your report.

    If vol explodes, then it will cascading effect on everything. VIX put options buyers literally have held this market up. But, today's VIX action looks interesting and different than what we have seen off-late.

    IMO, broader market is already seeing cracks. Defensives which hv held this market up, might give up too on -ve negative earnings announcements.
    Apr 17, 2013. 04:52 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Monday Recap  [View article]
    Eric, what about today's report?

    I am refreshing many times.. :) :)
    Apr 16, 2013. 08:57 PM | Likes Like |Link to Comment
  • Commodity Chart Of The Day: Daily S&P - A Correction Looming  [View article]
    everyone wants correction..me too ! That's why it isn't coming. We aren't even getting 2 consecutive negative days.
    Question is what will trigger correction? No (bad)news from Europe.

    No point, shorting this market. We get 1 bad day,next day we seem recover almost everything.

    Giddy up horsie !!
    Apr 16, 2013. 04:35 PM | 1 Like Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Monday Recap  [View article]
    Eric, thnx for your input.

    Boston thing is scary. I stay very close to Boston city. Never thought something like this would hit city! Boston is such peaceful and laid-back city. Totally shaken by news of blasts. My prayers for everyone !
    Apr 15, 2013. 10:04 PM | Likes Like |Link to Comment
  • In response to the spike in volatility, CME Group (CME) says it's raising collateral requirements for trading in benchmark gold, silver and other precious metals futures contracts, effective at the close of business Tuesday. Margins to trade Comex 100-troy ounce gold futures will be increased by 19%, silver will increase 18%, palladium 14% and platinum by 19%. Natural-gas futures will also increase 5.6% as well.  [View news story]
    is capitulation/cascading on cards ?

    Both longs and shorts use margins. I hope, this bubble in this metals busts once and for all. All hedgies,big guys, first rode up on long side and now on onside.

    Time to stay out n watch form sidelines !
    Apr 15, 2013. 08:25 PM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Monday Recap  [View article]
    Thnx Eric for sonar report. Congrats for your winning trades. This activity $WSO is very unusual,I checked it twice after you mentioned it. Its very illiquid name for options. Lets see,how it goes.

    Thnx for mentioning $155 straddle in $GLD. crazy money minting by whoever did that trade. I bought puts on $gld and $slv on friday morning and was rewarded nicely today. Seriously missed out on $SDS call, which you suggested more than once for protection.

    Eric, what do you think about index outlook in terms levels? In recent past we always have seen that after major sell-off, market recover almost everything, very next day. We haven't seen 2 consecutive negative days, in a while. At least, I feel so.

    After seeing today's VIX call buying activity, do you think it will be game changer going forward?
    Apr 15, 2013. 07:47 PM | Likes Like |Link to Comment
  • Gold And Silver - Not As Precious As Last Week  [View article]
    I fully agree with @pleigh regarding Matt's valuable contributions on this forum. I hv been reading it for last 2 years and hv found it very helpful.

    His daily report give you nice summary and his trade ideas regarding equities,commodities and currencies. How many people could hv forseen 2-day major sell-off in PM ?
    Apr 15, 2013. 07:18 PM | 2 Likes Like |Link to Comment
  • Gold And Silver - Not As Precious As Last Week  [View article]
    thnk God, I had puts on $GLD and $SLV. IMO, pain isn't over yet. Major banks are on short side now. Plus momentum is on downside. There will be capitulation and more margin calls,before dust settles.

    Well, finally much needed correction in this precious metals. Please don't forget the way gold and silver ramped up to record levels in short period. No wonder, sell-off is lot faster too. Weren't some people giving targets of $2500 on gold and $75 on silver not too long back?
    Apr 15, 2013. 05:22 PM | 2 Likes Like |Link to Comment
  • Commodity Chart Of The Day: Silver - $26 Is The Line In The Sand  [View article]
    sand is blown away in storm and line has disappeared ! how many people would have thought this prices will come this quick?
    Apr 15, 2013. 09:26 AM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Friday Recap  [View article]
    Eric, thnx for your analysis on $JOY and $CF. I will keep watch on it.We have full blown earnings next week as many blue chip companies are reporting. It promises to be exciting week. VXX put action indicates we are in for even lower levels on VIX.

    Do you track crude and what's your view there? Also, one funny question and please pardon me for my ignorance. Why are option reports called "SONAR" report as in word "SONAR" ?

    Hv a good weekend ! :)
    Apr 13, 2013. 10:38 AM | Likes Like |Link to Comment
  • Commodity Chart Of The Day: Silver - $26 Is The Line In The Sand  [View article]
    Matt, I appreciate your articles. Your recent calls on oil and cocoa were very good.
    Well maybe sentiment is very negative and price action has been very damaging.However, I don't think it has reached extreme negative yet. Jim Roger and many other commodity bulls/gurus haven't turned bear yet. Maybe, we should wait before taking plunge in. Even in after hours, both $GLD and $SLV sold off.

    IMO, we forget the parabolic rise gold has seen since mid 2010. Also, silver rose from $19 to $48 in very short period of time,how many people talked about market manipulation at that time. I am not PM bear. No asset can outperform consistently.
    Apr 12, 2013. 09:28 PM | 4 Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Thursday Recap  [View article]
    Eric, Thnx for your response.

    I feel, its not just HPQ but whole market is going crazy. Only time will tell. There have already been warnings about downbeat guidance from FDX,ORCL etc.
    Apr 12, 2013. 10:26 AM | Likes Like |Link to Comment
  • VIX - Options Volatility And Market Sonar: Thursday Recap  [View article]
    Eric, thanks for very good report.

    I am also looking for entry to short $HPQ via puts. Maybe, I am bit late. Lets see, this stock is on a tear virtually doubled from 12. I am sure there could be some kinda retracement when stock moves like this.
    Slowly and steadily, VIX activity is shifting. At least, not bunch of call buyers but at least put inflows are reducing.

    Also, did you note anything special in $PFE on bullish side?
    Apr 12, 2013. 09:02 AM | Likes Like |Link to Comment
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