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Wednesday, December 25, 2024

Top Trades for Mon, 03 Nov 2014 14:33

Oil $79.30!  I guess everyone's lost interest for now...

Dollar 87.50 being tested.  Gold $1,167, silver $16.05 (holding up better than gold), gasoline back down to $2.13.  I wonder if we'll see $2 on gas?  

EWJ back to where we had a nice short at $12.25.  Should top out at $12.50 and let's say that's a run from $11 is 13.6% but call $12.50 a spike and 10% over $11 is $12.10 and an overshoot would be 0.22 for $12.32 so watch that line and then we'd expect a pullback to $11.88 or $11.66, which just so happens to be the 50 dma ($11.58), which we gapped over on the announcement.  

I want to pick up 10 EWJ Dec $12 puts for 0.25 ($250) in the $25KP and 40 ($1,000) in the STP, but, in the STP, we'll play it with conviction and DD at $13, roll, etc

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