Futures were ramping overnight as Australian jobs numbers more than beat expectations. It was funny to read mainstream media attribute this mornings pop to domestic data. Late last night I was all over it: http://www.optionmillionaires.com/morning-market-video-upb/
Stocks faded as the day progressed but anyone who followed me in the chat room and private twitter was well prepared.
I entered the CAT $97 puts at $.20 those closed at $1.85
I entered the $X $25.50 puts at $.54 those closed at $1.10
I bought $FB puts yesterday and today.
I entered $WYNN and $LVS puts as well as $SPY puts. All trades sent in the chat room and/or private twitter.
I am not the perfect trader as my satirical prior post would attest: http://www.optionmillionaires.com/perfect-trader/
I do, however, have an uncanny knack for stepping into trades at the right time. Just luck I guess.
My last 3 private twitter tweets
PLUG ramped off its earnings release this morning. Nice to see this stock catch a bid before it falls back below $2 later this year. Hey you can't blame anyone... all this excess cash has to go somewhere.
CALL rallied 20%. JB has been behind this stock for quite a while,, nice to see his due diligence, patience, and perseverance pay off.
ULTA is up after hours. I like this chart and stock for a move over $100. Check my post out from this morning.
The VIX ended the day up over 12%. It looks like investors/traders are finally taking a step back from this market.
I said it in my video this morning. $SPY $185 was the first line of support. We bounced from there today as if the trading gods were listening to my video. The next line is $182.50. We are pulling back. The trend for higher prices remains, but no need to be buying until we find support.
I remain happily entrenched in $FB $WYNN and $LVS puts..... until we gap 1% higher tomorrow.... if that makes any sense....
Have a great evening.