SRS

Shorting Financial, Sorry What?

By | Market Psychology, Trade Ideas | One Comment

Don’t read further if you are convinced that financials are now in a new bull marlet and nothing can take them down. And don’t invest even a single dollar based on following post unless you are fully convinced and you have  capital that you can risk 100%. I am shorting financials via FAZ (FINANCIAL BEAR 3XNEW). I think the system clean-up didn’t happen as much as was needed, financials are overbought, there is most probably a…

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Citi, Uptick and Mark-To-Market

By | Daily Report, Market Psychology, Technical Analysis, US Market | No Comments

So we had it finally. The pressurized spring bounced back and shorts were pressed against the wall to cover. Fantastic rally by all means, it was easily qualified as a 90% Upside Day on both the NYSE and the NASDAQ that too on expanding volume. Market breadth was also much more impressive during yesterday’s rally. I had never thought (Probably Vikram Pandit as well) that his letter to Citi (C) employee can spark such a…

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Option Business aka Insurance Business

By | Investment Strategy, Option Trading, Option Trading Strategy, Trade Ideas, US Market | 3 Comments

A bounce is due, no, I think overdue. We have all realized that Mr. Market can remain irrational longer than one can remain solvent. So though the probability of bounce is high, don’t count on it for long term bull market till there are sign of economic improvement. The primary trend is bearish, as clear as that could be. However, this market is bringing its own unique rewards. I would like to compare it with…

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Outperformance Continues at OPNewsletter

By | OP Newsletter, Option Trading, Past Performance, US Market | No Comments

When compared with broader markets, Feb was an excellent month for OPNewsletter coupled with a few good learnings (kinda reinforcement, been there done that, but forget that). Overall, OPNewsletter for Feb closed up +5.6% x-commissions and +2.6% including commissions. Capital preservtion and thus allocation was higher priority vs missing an opportunity. These results doesn’t include the speculative directional trade which were shared here (only OPN subscribers can see this thread) and here at my profile…

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Early Warning Signpost

By | Technical Analysis, Trade Ideas, US Market | One Comment

A few months back I shared big picture and mentioned key points to watch out for a Bear market signal. A lot has happened since then, but I still haven’t opened OPValue Portfolio (new). At the same time, nothing much has changed in the markets and we are almost closer to the earlier lows. I again mentioned key points to watch here, as specific as I possibly could. In the interest of OPN readers, I…

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Outperformance : OPNewsletter Feb’09 +5.85%(Open)

By | OP Newsletter, Past Performance | No Comments

An excellent month for OPNewsletter so far. Overall, OPNewsletter is up +8.87% x-commissions and +5.85% including commissions. We didn’t have to make any major adjustments to our portfolios except one which rolled partially to next month. We closed one portfolio for +17.17% gains and except any major disastrous events on Tuesday market open, remainder portfolios stands to gain good theta decay over the long weekend. This is what OPN wants, portfolios to be as boring…

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