Monday, September 14, 2009

Recap/ecocal

Thre big "O" came out and waved the finger about how next time they might not bail these insurance giants out. So not fearing any regulation from the paper tiger the markets proceeded to rally. I am long a couple extra 43 calls but mostly in AIG I have  a vertical It it very easy to leg into 2 point verticals for a credit a relatively low risk move if you pick and option that trades for about a buck and sell the strike 2 bucks up for more than you bought the lower strike  with four point moves common place it really isn't hard 
Further every 2 point vertical done for even is a free shot at 2 bucks if AIG should close above 45 no tall feat. 
I gave out a plethora of good natty advice today simply buy and wait and sell and pull back and buy and wait.. repeat check the time stamps against the pricing to anyone who did not join in the fun.
My morning line was bearish for Oil and my initial sell reco was 69.5 on the freakin nose again time stamped before 7 AM 69.5 came in the 930 area but I ruined it as gas was moving and oil in concert I knew there was an outside of my immediate realm of understanding which turned out to be the reco in gas by Goldman -I moved the oil rec up to 70 the one mistake of the day

This should have been a very big day for any member who played along with me
I know two that sat it out and Im waiting to hear back from the others.

Those were tight calls almost everything worked today

Fridays guffaw a distant memory now! all profits booked!


See you for the overnight I am expecting some kind of southern drift in gas which probably should be bought as we get closet to Thursday inventories some fear should also pull this back that too should be bought. Oil with the poor distillates and gas and drive season is flailing but sentiment can change on a dime we look to buy below 68 sell 69.5 sti ll
:01GBPRICS House Price Balance Aug0.00%-8.10%
01:30AUDRBA Meeting Minutes----
07:15CHFIndustrial Production Q/Q Q27.30%-13.10%
08:30GBPCPI M/M Aug0.30%0.00%
08:30GBPCPI Y/Y Aug1.40%1.80%
08:30GBPCore CPI Y/Y Aug1.60%1.80%
08:30GBPRPI M/M Aug0.20%0.00%
08:30GBPRPI Y/Y Aug-1.50%-1.40%
08:30GBPDCLG UK House Prices Y/Y Jul-9.50%-10.70%
09:00EURGerman ZEW Economic Sentiment Sep6056.1
09:00EUREurozone ZEW Economic Sentiment Sep6054.9
12:30CADNew Motor Vehicle Sales M/M Jul5.00%-0.60%
12:30CADLabor Productivity Q/Q Q2--0.30%
12:30USDAdvance Retail Sales Aug1.80%-0.10%
12:30USDRetail Sales ex-autos Aug0.40%-0.60%
12:30USDPPI M/M Aug0.80%-0.90%
12:30USDPPI Y/Y Aug-5.40%-6.80%
12:30USDPPI Core M/M Aug0.10%-0.10%
12:30USDPPI Core Y/Y Aug2.20%2.60%
12:30USDEmpire Manufacturing Sep1412.08
14:00USDFed's Bernanke Speaks on Financial Crisis in Washington----
14:00USDBusiness Inventories Jul


There is a ton of data up for tomorrow pay attention