Day: 6 | Missed Days: 0 | Trades: 8 | Wins: 3 | Losers: 3 | Washes: 2 | Day: 950 | Cumulative: (2187)
Straddle Initiative SCOREBOARD:
Day: 5 | Missed Days: 0 | Trades: 2 | Wins: 1 | Losers: 1 | Washes: 0 | Day: 320 | Cumulative: 320
DIRECTIONAL Initiative SCOREBOARD:
Day: 5 | Missed Days: 0 | Trades: 3 | Wins: 0 | Losers: 2 | Washes: 1 | Day: (980) | Cumulative: (980)
Neutral Initiative SCOREBOARD:
Day: 6 | Missed Days: 0 | Trades: 1 | Wins: 1 | Losers: 0 | Washes: 0 | Day: 1482 | Cumulative: 1482
Hints from today: Check the economic calendar each week: http://www.nasdaq.com/markets/us-economic-calendar.aspx
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Results from Yesterday:
VIPS: .55 ---> .07 ...90% loss...wow. -480...This basically didn't move at all, the loss was purely volatility crunch
SSYS: 950 gain...didn't move mouch, this was a Lizard trade
Here are the names to analyze today:
URBN: I would think this might drop to the downside based on the disappointing numbers from its peers, technically speaking though, earnings could be the perfect catalyst for a bounce, it's trading at multi-year lows and at support, implied vol is definitely through the roof on URBN, time to sell premium; -14.5, -2.6, -3.34, +16.13, +14, 15.8, -12.17, -2.4, lizard on this one with protection on upside...going with the technical.
AEO: I would think this might drop to the downside based on the disappointing numbers from its peers, vol at all time high 5.49,-7.5, -3, +18, -3.4, -7.8, -12.4, -9.6...there is some support technically, but not so strong, I'm going to diversify by protecting downside on this one....lots of puts being purchased. I'm going to do 2 trades on this, both a lizard and a put just to see., straddle only cost 1.29...There's actually not enough credit for a lizard...I put in an order anyway but doubt it's going to get filled.
TGT: implied vol is definitely through the roof on tgt, time to sell premium; .36, .68, -4.3, 4, -7.5, -6.4, 6.5, -12; Straddle is $3...This is actually an unacceptable trade in real life, the loss potential is just too great :(
URBN: I would think this might drop to the downside based on the disappointing numbers from its peers, technically speaking though, earnings could be the perfect catalyst for a bounce, it's trading at multi-year lows and at support, implied vol is definitely through the roof on URBN, time to sell premium; -14.5, -2.6, -3.34, +16.13, +14, 15.8, -12.17, -2.4, lizard on this one with protection on upside...going with the technical.
AEO: I would think this might drop to the downside based on the disappointing numbers from its peers, vol at all time high 5.49,-7.5, -3, +18, -3.4, -7.8, -12.4, -9.6...there is some support technically, but not so strong, I'm going to diversify by protecting downside on this one....lots of puts being purchased. I'm going to do 2 trades on this, both a lizard and a put just to see., straddle only cost 1.29...There's actually not enough credit for a lizard...I put in an order anyway but doubt it's going to get filled.
TGT: implied vol is definitely through the roof on tgt, time to sell premium; .36, .68, -4.3, 4, -7.5, -6.4, 6.5, -12; Straddle is $3...This is actually an unacceptable trade in real life, the loss potential is just too great :(
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