well most financials took a it today and more to come, T.F. good call on BAC. i'm not in bac but i have got my eye on AIG $43 put, it closed for 19c today. i want ot for 6-8c, so i'm waiting until tomorrows near close

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well it worked out as orignally planned bit mondays price action did throw me a bit with it finishing stronger. I'm still waiing in GDX to make up its mind, it finished 29.93. I would like it above 30.05 and hold to buy end of week calls, maybe 31 ...

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ALL the bottom text i mean to add to this section, must have clicked edit, oops, read the bottom of post 520. T.F. read the bit about BAC i wrote yesterday we may have the trade you highlighted on monday, thx

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i realise that real wealth is created through selling naked puts, so is standing naked selling your self on a street corner when it goes wrong. I try not to leave my self open. I rarely sell stuff these days unless i buy a far otm trade then sell ...

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you must have looks of a super model

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neked selling , oooh can be scarey stuff. Most decent brokers won't allow you to do that stuff unless your an experienced option trader plus there criterias to be met before your allowed clearance to do it well at least thats how it use to be

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Then i'll look for lower levels

All Majors and Gold

With a small down day today in the markets has put me back in the frame of looking for puts in equities/index/etf options only on weeklys looking for a explosive gamma trade, i'm eyeing spy 161 puts , aig $43 puts spy closed at 163.56 aig closed at ...

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For me G, if Gold trades anywhere between 1408-1413 near the close of the US equities market on wednesday, then i'm looking for a small bull pop to 1425-30 level maybe just above

All Majors and Gold

Sisse I too expressed caution to T.F. on this trade and suggested selling some otm puts against it (front month) collecting premium and reducing the cost of his sept puts, if it works then next month you can repeat the process until your long put is ...

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I'm gonna close this trade out, Gold is below 1400, so i'll take a 50% haircut on this dumb trade, will wait till later in the week

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NO fomc but all other data is due

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Gold has fallen below $1400 this should have an affect on GDX, I DID ENTER FOR 12C, was expecting some retrace from yesterday, will look to see where it trades today. FOMC this week with NFP, i think

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can't see EWJ reaching there even by weeks end, its daily range is small and the strikes 72c away, too much even though its 2c, imho. Good luck if take it. I think you made a good decision not wanting to take a trade until wednesday onwards, rules ...

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because NFP happens before the US market opens you tend to get the volatility a day or two before its release

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I did enter GDX $32 CALL for 12c, price is now 11c for the option GDX closed at 30.36, some resistance just above, may flip if i see it weaken tomorrow GDX Jun 2013 32.000 call (GDX130607C00032000) -OPR 0.11 image 0.04(57.14%) 3:46PM EDT Market ...

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yes, thats why I wait till closing time and have prices clearly defined to make the final decision, heavy data week

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Don't like this comment either as the tracking stocks for the financials have finished higher, will be watching tomorrows prices and re evaluating

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Disregard this has VXX is trading at 19.15, has not managed the prices i was aiming for. See what tomorrow brings. 1 MINUTE TO GO

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Just looked at UVXY, personally i don't like reverse splits on stocks/ etf's and uvxy has had two big ones, it could go to zero or just cease to trade further down the line

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