Very interesting mid-year action, who thinks they will goose the markets (all markets) going into November, if they can?
pretty wide range of strategies and results, from speculative to aggressive to neutral to defensive to a few believed to be defensive but are in reality speculative
Several entrants with 3 picks have a big winner and a couple of quite offsetting losers, e.g. great pick so far Halfstrike with ATRS, and the dart that picked TRIP flew true
Anyway, a juiced market going into the 4th quarter, combined with some potential for asset-specific news, could result in some acceleration, particularly if any companies become aquisition targets, or if metals go on a tear and former leaders regain their mojo
<< <i>Very interesting mid-year action, who thinks they will goose the markets (all markets) going into November, if they can? >>
I don't expect PM markets to get goosed. As usual they will be sailing into the wind. However, I still expect silver to make a strong showing by Dec. 31 and if contest were starting today I'd still go with AGQ.
Wingsrule---how about adding TLT (as a proxy for the much maligned 30yr Treasury), as a reference. Maybe then we can see how stupid all these Treasury buyers are.
<< <i>Wingsrule---how about adding TLT (as a proxy for the much maligned 30yr Treasury), as a reference. Maybe then we can see how stupid all these Treasury buyers are. >>
Yes, adding "TLT (treasuries)" as a grey shaded line item would be informative.
<< <i>Wingsrule---how about adding TLT (as a proxy for the much maligned 30yr Treasury), as a reference. Maybe then we can see how stupid all these Treasury buyers are. >>
Yes, adding "TLT (treasuries)" as a grey shaded line item would be informative. >>
If you do...go back to 1/2012 price $119.43 ..... Fridays close was ..$129.17 would be one of the top 10 gainers. I should have been so stupid
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
CMG just pooped the bed. cohodk will like this poopy bed. MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I was calling for a 60-70% drop from whatever the high trade was. So a 60% from 442 targets $177, while a 70% drop points to $133. While I would love to sell my puts for $73 to $117, in reality (I do own these puts), I will probably be out well before those targets are hit. Unless the stock happens to have another $90 gap down in the near future.
Technically I can see the stock in the $280s on this initial momo. Then some consolidation for a few months before Oct earnings. Seeing the gap at $185 would give me a warm and fuzzy feeling.
Wow, an almost $90 move in the price of the stock underlying your pick, in your direction! Surely this will rocket you to the top of the standings this week?
<< <i>Wow, an almost $90 move in the price of the stock underlying your pick, in your direction! Surely this will rocket you to the top of the standings this week? >>
Not yet, but as it gets closer to the strike price the option will perform much like the stock--(only on steroids)
CMG – Chipotle Mexican Grill, Inc. – Lower-than-expected second-quarter sales reported by the operator of fast-casual Mexican food restaurants on Thursday sent shares in Chipotle Mexican Grill down as much as 24% on Friday to $307.20 and sparked frenzied trading in the options. The high-flying stock had been up roughly 20% year-to-date as of the close of trading yesterday.
Chipotle options saw both bullish and bearish trading this morning, with volume topping 105,000 contracts as of 11:35 a.m. ET versus the stock’s average daily options volume of 14,547 contracts. Traders positioning for shares to extend losses snapped up weekly puts, paying an average premium of $12.55 per contract for around 2,000 of the July 27 ’12 $315 strike contracts. Bearish activity spread to far out-of-the-money puts expiring in August, with upwards of 1,000 contracts in play at each of the Aug. $295 and $300 strikes.
Meanwhile, traders with an appetite for a Chipotle rebound in the near future purchased upside calls. The Aug. $350, $355 and $360 call options each traded more than 1,100 times in the first couple of hours of the trading session, while the Aug. $420 strike call changed hands around 1,400 times. Traders that appear to have purchased most of these call options stand ready to profit in the event Chipotle’s stock reverses course ahead of expiration. ____________________________________________________
How does a Mexican restaurant get to almost $400 a share? SOMEBODY was priming the pump on this one I can get a $4 carne asada burrito in SoCal that will blow the doors of Chipoltles stuff.
Dave, how many entities did it take to run that stock up?
They came a long way very fast. Mickey D's sure walked away with a chunk of cash.
Pre poop...they had a market cap of about 20 BILLION divided by 1336 locations roughly equates to 16-17 MILLION dollars per location. $16 MILLION per site, holy smokes..no way jose.
Something was rotten in how this stock got pumped to $400. Good call Chartman, hurry up and get up the ladder... there's room for you at the top
Wingsrule, I appreciate all your work. The flip-flopping in leadership is a good example of what happens in the market when various market segments surge and then fall back. To stay on top for the full ride you'd have to be a stock wizard, and then some!
It's fun.
Q: Are You Printing Money? Bernanke: Not Literally
<< <i>Wingsrule, I appreciate all your work. The flip-flopping in leadership is a good example of what happens in the market when various market segments surge and then fall back. To stay on top for the full ride you'd have to be a stock wizard, and then some!
It's fun. >>
Which is why I always say assets are for dating, not marrying.
If a person was working the volatility, then that person could be making some income whilst the overalll treading of the water was happening for "the market'
Green or Red this week? this is an end-of-the-year horserace, with Weekend Updates, there are some very interesting trading picks here too, congrats to those in the meantime profiting from this nice volatility in your own accounts
It's going to be a very interesting end of the year... Election, budget, "security-specific" news, weather, potential social unrest, wild card news, etc etc.
Comments
of course, a sequence of news events over the next 6 months will almost certainly mix the standings up quite thoroughly by Dec 31..
one would hope so, with almost half of us just trying to get back to even, and nearly 2/3 trying to catch up to the dart throws!
best of luck to everyone for the second half of the year
Liberty: Parent of Science & Industry
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Liberty: Parent of Science & Industry
<< <i>You'd be at +38% right now, if you didn't have "Silver" holding it back >>
And of the 3 - silver was the one I really purchased at the start of the year. Not one of my better moves.
pretty wide range of strategies and results, from speculative to aggressive to neutral to defensive to a few believed to be defensive but are in reality speculative
Several entrants with 3 picks have a big winner and a couple of quite offsetting losers, e.g. great pick so far Halfstrike with ATRS, and the dart that picked TRIP flew true
Anyway, a juiced market going into the 4th quarter, combined with some potential for asset-specific news, could result in some acceleration, particularly if any companies become aquisition targets, or if metals go on a tear and former leaders regain their mojo
Liberty: Parent of Science & Industry
<< <i>Very interesting mid-year action, who thinks they will goose the markets (all markets) going into November, if they can? >>
I don't expect PM markets to get goosed. As usual they will be sailing into the wind. However, I still expect silver to make a strong showing by Dec. 31 and if contest were starting today I'd still go with AGQ.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>Thanks...wow, I moved up one slot
and I stopped moving to the bottom.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
Thanks WINGSRULE for all your time, trouble and effort.
Got quoins?
honorable mentions to jfloomis3, Julio, RedTiger, Justacommeman, Streeter, and DrBuster, all of whom have no picks that are currently negative
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
<< <i>Wingsrule---how about adding TLT (as a proxy for the much maligned 30yr Treasury), as a reference. Maybe then we can see how stupid all these Treasury buyers are. >>
Yes, adding "TLT (treasuries)" as a grey shaded line item would be informative.
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>
<< <i>Wingsrule---how about adding TLT (as a proxy for the much maligned 30yr Treasury), as a reference. Maybe then we can see how stupid all these Treasury buyers are. >>
Yes, adding "TLT (treasuries)" as a grey shaded line item would be informative. >>
If you do...go back to 1/2012 price $119.43 ..... Fridays close was ..$129.17 would be one of the top 10 gainers. I should have been so stupid
TLT dividends
Knowledge is the enemy of fear
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I was calling for a 60-70% drop from whatever the high trade was. So a 60% from 442 targets $177, while a 70% drop points to $133. While I would love to sell my puts for $73 to $117, in reality (I do own these puts), I will probably be out well before those targets are hit. Unless the stock happens to have another $90 gap down in the near future.
Technically I can see the stock in the $280s on this initial momo. Then some consolidation for a few months before Oct earnings. Seeing the gap at $185 would give me a warm and fuzzy feeling.
Knowledge is the enemy of fear
Liberty: Parent of Science & Industry
<< <i>Wow, an almost $90 move in the price of the stock underlying your pick, in your direction! Surely this will rocket you to the top of the standings this week?
Not yet, but as it gets closer to the strike price the option will perform much like the stock--(only on steroids)
Knowledge is the enemy of fear
CMG – Chipotle Mexican Grill, Inc. – Lower-than-expected second-quarter sales reported by the operator of fast-casual Mexican food restaurants on Thursday sent shares in Chipotle Mexican Grill down as much as 24% on Friday to $307.20 and sparked frenzied trading in the options. The high-flying stock had been up roughly 20% year-to-date as of the close of trading yesterday.
Chipotle options saw both bullish and bearish trading this morning, with volume topping 105,000 contracts as of 11:35 a.m. ET versus the stock’s average daily options volume of 14,547 contracts. Traders positioning for shares to extend losses snapped up weekly puts, paying an average premium of $12.55 per contract for around 2,000 of the July 27 ’12 $315 strike contracts. Bearish activity spread to far out-of-the-money puts expiring in August, with upwards of 1,000 contracts in play at each of the Aug. $295 and $300 strikes.
Meanwhile, traders with an appetite for a Chipotle rebound in the near future purchased upside calls. The Aug. $350, $355 and $360 call options each traded more than 1,100 times in the first couple of hours of the trading session, while the Aug. $420 strike call changed hands around 1,400 times. Traders that appear to have purchased most of these call options stand ready to profit in the event Chipotle’s stock reverses course ahead of expiration.
____________________________________________________
How does a Mexican restaurant get to almost $400 a share? SOMEBODY was priming the pump on this one
I can get a $4 carne asada burrito in SoCal that will blow the doors of Chipoltles stuff.
Dave, how many entities did it take to run that stock up?
I knew it would happen.
They came a long way very fast. Mickey D's sure walked away with a chunk of cash.
Pre poop...they had a market cap of about 20 BILLION divided by 1336 locations roughly equates to 16-17 MILLION dollars per location. $16 MILLION per site, holy smokes..no way jose.
Something was rotten in how this stock got pumped to $400. Good call Chartman, hurry up and get up the ladder... there's room for you at the top
While cohodk's CMG pick more than doubled his total, it still leaves him shy of the big leagues. So far.
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
<< <i>Raise your hand if you still expect to win this thing! >>
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
It's fun.
I knew it would happen.
<< <i>Wingsrule, I appreciate all your work. The flip-flopping in leadership is a good example of what happens in the market when various market segments surge and then fall back. To stay on top for the full ride you'd have to be a stock wizard, and then some!
It's fun.
Which is why I always say assets are for dating, not marrying.
Knowledge is the enemy of fear
Liberty: Parent of Science & Industry
Have to ride the train to the bitter end.
Still long on them, could be discount pricing in play. Brutal month though.
Liberty: Parent of Science & Industry
Rampant currency debasement will be the most important investment trend of this decade, and it will devastate most people.
- Nick Giambruno Buy dollar insurance now, because the policy will cost more as the dollar becomes worth less.
<< <i>I'm holding back for the home stretch. >>
It's going to be a very interesting end of the year... Election, budget, "security-specific" news, weather, potential social unrest, wild card news, etc etc.
goodonya dart throw #2!
Liberty: Parent of Science & Industry