Tuesday, August 14, 2012

Watch for a fakeout in SPX. Time to short again Aug/13/2012?

Watchout for a fake run up followed by a close like this (img below) to capture more pigs. High chances that this occurs just a few days before options expiration. I am looking for tue/wed for a reversal. Looking to get into a put spread going into 1380 for coming weeks.
SPX candle possibility going into tue/wed









VIX showing high levels of complacency?


























Last time we saw VIX this low was in mid march after which markets started to wobble a bit and we got a nice correction. RUT and BANK index starting to show some weakness in images below.




































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Posted by Unknown at 12:43 AM

3 comments:

  1. AnonymousTue Aug 14, 11:12:00 AM 2012

    Any other interesting trades?

    ReplyDelete
  2. MTue Aug 14, 12:38:00 PM 2012

    Have WYNN put spread going into sept, CRM credit call spread, VIX put credit spread, SPX put spread. Please do your own research before getting into any.

    ReplyDelete
  3. AnonymousTue Aug 14, 12:50:00 PM 2012

    nicely captured some long pigs today if we go down now in next few days. Thanks for sharing.

    ReplyDelete

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