I think Gold is going to $1200 no matter what...there really doesnt seem to be any willing buyers on a macro view until then but the fed cutting should really send Gold out of bed... since we will see the $dxy go nuts

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been saying that for 28 years

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Ya buddy... tlt rocking and rolling today....underlying went into a pretty significant level @ the 115.80.... if it keeps breaking down and yields stay firmly above 2% we could see a pretty strong drop in TLT

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the entire Bernak speech has already been retraced on SPY..

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Neutralized this spread with stock @ 25.60... If we open tommorow back inside the range Ill take off the neutralization and keep the spread in play... if not Ill close em both and take the SL

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thanks brother... looking forward to it Oil is a total mystery to me right now and Im sitting on my hands as far as USO goes... only thing I would even attempt is a ratio put spread if it went to 35...

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I trade UUP as a direct correlation to the $dxy... but its pretty thin compared to bonds or FXE so its probably not the bet thing ever for quick in and out plays... just a bit longer term positions

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I hear ya man its all about batting singles and doubles... thats the attraction of spread trading imho... and why I like calenders and iron condors so much.... just catch high probability low risk/moderate reward trades and build it up I just like ...

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IAU premiums are still to damn expensive for me to consider any kind of Vega + trades like straddles.... afraid of a volatility crush.... although it always can go higher Id like it to go just a bit higher so I can slam some credit spreads on it.... ...

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Welcome aboard Options are great but there are a few more moving parts than other instruments so take ur time and learn them. But they absolutely are a great tool and open many many other facets of trading than any other derivative.

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lookin forward to reading em my friend

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Jesse f'ckin Livermore is right cool man, I post up if anything catches my eye I def think all that gamma expiry week stuff CG does is pretty cool.... but Im not smart enough for it... def lookin like UNG has some pretty cheap premiums for some call ...

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mhmmm flat today... no new positions entered... scanning for opportunities though... u seeing anything TF?

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great post this is why you really need to learn how to read your risk graphs and greeks properly.... good analytics will tell you everything about what your trade could do before you ever enter it I use thinkorswim to do my options research... their ...

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got a few on the watchlist for next week namely CHKP: looks actionable and cheap for some put spreads around 51.50 YOKU looks good if it can get down to the 17.73 or a little lower to the 16.80 DAL looks good at the $17 level all potentially + or ...

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later CG... have a nice weekend... will def be keeping an eye on the Bernanke speech tmmrw

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later TF

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ya man... the R:R def works.... and for sure this is no market to have any sort of real bias in.... if i was going to have any definate macro bias in oil though Id have to agree it would be up

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def a push and pull between oil and the $dxy... typically this type of $dxy strength would be killing oil.... getting ready for some sort of massive breakout?

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