Lizard Initiative SCOREBOARD:
Day: 12 | Missed Days: 1 | Trades: 16 | Wins: 8 | Losers: 3 | Washes: 5 | Day: 500 | Cumulative: 5679

Straddle Initiative SCOREBOARD:
Day: 11 | Missed Days: 0 | Trades: 3 | Wins: 1 | Losers: 2 | Washes: 0 | Day: -314  | Cumulative: 6

DIRECTIONAL Initiative SCOREBOARD:
Day: 11 | Missed Days: 0 | Trades: 5 | Wins: 1 | Losers: 3 | Washes: 1 | Day: 0  | Cumulative: 480  

Neutral Initiative SCOREBOARD:
Day: 12 | Missed Days: 1 | Trades: 2  | Wins: 1 | Losers: 1 | Washes: 0 | Day: 0 | Cumulative: 382

Results:

I missed a day, was rebuilding a motorcycle engine. Missed playing earnings on LOW, SDRL, and TIF. Grr! Anyway, previous day's results would have been:

MOMO: Protected the correct side! Technically a wash but made $500, so nice! This was because on the protected side the profit was $500 instead of $1K like in the middle. It wasn't around 0 this time.

TOL: -314 on a straddle, hardly moved.

HINT: Don't work ahead. It de-motivates me to trade for the next day, that's why I skipped yesterday! Like working ahead is trying to do things before their time...push myself to the breaking point, yada yada. It is unhealthy in a game where slow and steady wins the race. Just like engine rebuilding...rush, and you have an insane amount of work and expense later down the pipeline. :(((

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Have a nice list of names to trade today!

HPQ

NTAP

ANF

BBY

DLTR

MDT

HPQ .5, -10, -4.5, 7.1, -.2, -7.2, 8.8...HP is  at 5 year highs, so will protect downside, straddle 1.27, 6.7% move expected...there is not enough premium for a lizard, 39% of calls were sold, 48% of puts were bought, implies downward move, will buy some puts...I didn't even adjust the price, paid too much :(

NTAP 3.4, -.2, 1.7, -2.4, 14.8, 6.2, 4.8...protect upside, straddle is 2.63, implying 6.6% move...lizard!

ANF 13.5, 8.6, 20.4, 3.5, -19, -25.5, -13.7, 12.3, ...the tide has turned perhaps, this might be a good straddle candidate, would protect downside if had to choose, straddle 1.58, implying 12% move, no credit for a lizard, I'm buying a straddle

BBY 12.4, -2, 2.4, -7.4, 19.6, 12, -4.5, def protect upside, interesting thing about downside, BBY has a tendency to retrace to upside afterwards. So if pattern holds we are completely safe. straddle 4.13, 8.3% expected...even some extra premium if it moves up, how nice! This is one I would trade for real right now, given what I know.

DLTR -9.5, 6.8, 2.3, 12.7, -10, 8.25, .2 , it is right in the middle of its recent range no clue as to direction, protect downside, straddle at $5, 6.5% expected, nice credit on the wash side I must say!

MDT -.3, -2.3, .8, -4, -1.5, -1.2, -7.8, 2, ...protect downside obviously, seems in such an industry, disappointment is more tangible \, 2.61 straddle, 3% move expected. As can be imagined, there wasn't much credit.

BTW, it's time to place an SPX trade, it's seizing up again...2400 for Monday, 3 trading days of run...apparently 3 day weekend! Lovely! Placing a narrower one this time, 10 pts each side. resulting in about 15 pts of runway.