morning guys hope you both had a great weekend Wow! Bond yields through the roof! my spreads I placed on IWM and tlt are pretty deep in the red.... Waiting for todays close to ascertain the next move really didnt expect last weeks bernanke speech ...

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Lookin more and more like we are moving into the summer doldrums..... Slow economic week ahead.... Highly possible the bulk of the trading action and volatility will be in pac-asian markets for the foreseeable near term.

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I got eyes on EWJ around 10.05/ 10.15... beast of an area

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goodness... kicking myself in the ass on this one.... looking for a move back to 102.15 area on spot to get short I did get filled on a dec 13 94/104 ratio call spread on FXY though @ 95 on the underlying... gunning for 100 on that one... its nicely ...

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I watch it a bit.... it melted down through a pretty rugged level at the 26.40 without much of a fight.... pretty much open space till 22

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Ya with summer coming up Im positioning for some range trades and looking to take advantage of the typical drop in IV Got a IWM Iron condor built on Friday... I guess price "could" just blast str8 up through those capitulation highs after the ...

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Ratio spreads are easy to create to make them vega neutral so you dont have to worry too much about the speed of the inherent move... the vertical debit spread I put up there is going to be slightly vega positive... but give you some decent vega ...

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Ya FB looks ripe for a hard fall.... IV is starting to creep up a bit from the lows Id like to see a pullback on the underlying to 24.75 or so and play some sept 13 22/26 Bear put spreads and pay about $1.85 for them... would net about a 30 delta ...

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I gotta check my lotto tix today actually If i won... to hell with trading lemme know how those books r brother

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Im with you buddy.... IRA accounts are pretty much non-existant and Im tired of living on a mountain of debt Had a good week myself.... had a few positions filled and my docket is pretty full setting up for these ranges I found a good opp on YHOO... ...

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Exactly...basic range and positive vega/ negative theta capturing setup... Very high probability, low risk, moderate to high reward I just do them on instruments that are in very Low Iv positions.... Most trades never make it to expiration since Ill ...

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thanks brother

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CG I use the weeklies fairly often when I put on calender spreads. I only do 1 really short term trade and that is exclusively on monthly expiration days...but it seems profitable and Id like to get more adept at that style of trading TF pretty ...

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no worries man.... greeks arnt everything in options trading... if you can get the underlying direction(or lack of) correct than really the greeks are just there to help decide the best strategy... just my opinion but it seems to work strange ...

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hey guys not sure if you use this but its a cool little tool to decide on what options strategy to use based on IV url clock on that little volatility chart on the right after entering your chosen stock.... the little yellow line tracks IV for the ...

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just watch the vega on those long calls brother not saying it wont keep going up but it has moves pretty far in a short period of time and a volatility drop will hurt that position if thing s settle down

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Threw on a trade on Spot short on Ninja @ 103.58 earlier locked in my trade before the FOMC minutes and it spiked me out to the tick Good One Wulfgar ... smh

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ya obviously the bond guys are up to somethin.... they may want to slam this thing down to the 115.65 before a push up

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Lotta doves crying....

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Ya SPY might pull "All the way back" to a whopping 163 before rocketing up to 200 by next NFP reports

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