MartZee

Freeport McMoRan ( FCX ) Bear Call spread BTO 1 FCX Feb18 2012 42.00 Call STO 1 FCX Feb18 2012 39.00 Call Price: limit credit $1.20 Max risk: $180 Max gain: $120 if price stays below $39 at expiration Update: 01/10/2012 - filled @ $1.2 ($120 credit) This is a post from: www.hellosuckers.net . If you want to know more about investing in stocks using Reverse Scale Strategy or my Portfolio performance visit www.hellosuckers.net blog today. If you are reading this post anywhere... Read Full Story

This trade shall open on Monday next week: Diamond Offshore Drilling Inc ( DO ) Iron Condor BTO 1 DO Jan21 2012 66.25 Call STO 1 DO Jan21 2012 61.25 Call STO 1 DO Jan21 2012 52.00 Put BTO 1 DO Jan21 2012 47.00 Put Price: limit credit $4.61 Max risk: $39 Max gain: $461 if price is between 52.00 - 61.25 at expiration This is a post from: www.hellosuckers.net . If you want to know more about investing in stocks using Reverse Scale Strategy or my Portfolio performance visit... Read Full Story

U.S. Natural Gas ETF ( UNG ) Long call BTO 1 UNG Apr21 2012 7 Call Price: limit debit $0.25 Max risk: $25 Max gain: Unlimited This is a post from: www.hellosuckers.net . If you want to know more about investing in stocks using Reverse Scale Strategy or my Portfolio performance visit www.hellosuckers.net blog today. If you are reading this post anywhere else besides Hello Suckers! blog, then it has been shamefully stolen. Copyright © 2008-2010 www.hellosuckers.net New trade... Read Full Story

When looking at GLD recently, we can see that it broke below its 200 day MA as well as it broke thru its long term trend. It seems GLD is poised to go lower. Today the market showed a bit weak trading (compared to yesterday’s big move), so I believe, GLD can get lower during this month. Right now it is attacking 200 day MA from which it may go back down to $150 or even lower. I will play this downtrend by placing a butterfly on GLD: SPDR Gold Trust Put Butterfly BTO 1 GLD Jan21 2012... Read Full Story

I am going to open a new contingent order: Allegheny Technologies Long Puts Contingency: If the stock’s last price is greater or equal than 54.20 then: BTO 1 ATI Apr21 2012 55 Put Price: at market (expected price per contract would be $6.2) Max risk: $620 Max gain: Unlimited (potential target: $11.70 or $1170 per contract) I am also going to adjust the following position by rolling up the upper body of the butterfly: Schlumberger Put Butterfly Unfortunately my broker... Read Full Story

Trade adjustment on Caterpillar : Put Spread STC 1 CAT Jan21 2012 90 Put BTO 1 CAT Feb21 2012 90 Put STO 1 CAT Feb21 2012 85 Put Limit debit $0.15 New cost basis: $2.73 This is a post from: www.hellosuckers.net . If you want to know more about investing in stocks using Reverse Scale Strategy or my Portfolio performance visit www.hellosuckers.net blog today. If you are reading this post anywhere else besides Hello Suckers! blog, then it has been shamefully stolen. Copyright... Read Full Story

New trade ideas to be entered on Tuesday morning: General Dynamics Short stock STO 13 GD at stop = $66.24; limit = $66.10 If filled, stop loss at $68.36 Max risk: $27.56 Max gain: Unlimited Update: 01/03/2012 - trade canceled, it didn’t meet entry price Deutsche Bank Diagonal Put Spread BTO 1 DB Apr21 2012 30 Put STO 1 DB Jan21 2012 32.5 Put Limit debit $1.75 Max risk: $425 Max gain: Unlimited after January expiration Update: 01/03/2012 - filled @ 1.75 debit... Read Full Story

The old year 2011 is coming to its end and it is a time to review the old year and make a resolution for the new year 2012. Reviewing the old year I must admit that it was a very successful year. I finally was able to get closer to my dream - trading for a living. I am not out of the forest yet and trading for a living yet, but I am trading and that’s what makes me satisfied. Of course, my trading is not on my own, but under a trading coaching from a professional trader. When you take a... Read Full Story

SPX opened lower on worries over the Europe (like we haven’t heard about it previously), then technicals got in, mainly Oracle’s bad results and pushed the market (SPX) all the way down to 1230. That looked scary! At least for me since two days ago I reversed my bearish outlook into bullish and I started seeing nice profit in my SPY long calls. And today morning this gains were vanishing again! Isn’t that frustrating?! Then news about Yahoo ! and Bank of America deal pushed the market... Read Full Story

As I wrote yesterday, we could break down thru the support or bounce back. The market was oversold and there were no significant negative news to push it lower, however because of Europe, there still was a risk of going lower. It seems like we are bouncing instead. The SPX surged 2% up at opening and it looks like it will be marching higher. Will this be the rebound? If so, we will see a Santa Claus rally. But more important than Santa Claus rally would be that the market is making a new... Read Full Story