SLV/GLD Ratio

The ratio is in free fall.

Friday Trades

Thursday Trades

Tuesday Trades

Weekly Results – 2/4/11

Friday Trades

IN
AMZN – APR 210 CALLS @ 1.05
DAL – MAR 11 PUTS @ 0.41
EXPE – APR 28 CALLS @ 0.40
GLD – MAR 135 CALLS @ 1.81
IEF – SEP 88 PUTS @ 1.75
PGshort APR 65 CALLS @ 0.85
PGbutterfly JUL 60/65/70 CALLS @ 1.81
SPY – FEB 129 PUTS @ 0.86

OUT (+0.892)
AMZN – MAR 145 PUTS @ 0.44 (-0.21)
FCX (covered short) – MAY 50 PUTS @ 2.30 (+0.33)
FRXvertical MAR 33/34 CALLS @ 0.45 (+0.25)
ICE – MAR 120 CALLS @ 3.90 (-0.385)
PG (part) – APR 62.5 CALLS @ 2.13 (+0.467)
ROVI (part) – MAR 65 CALLS @ 2.95 (+0.48)
SDS – MAR 23 CALLS @ 0.55 (-0.04)

Wednesday Trades

IN
AMZN – APR 205 CALLS @ 1.18
MCD – MAR 75 CALLS @ 0.75
PG – APR 62.5 CALLS @ 1.57
PG – APR 67.5 CALLS @ 0.17
OI – MAR 30 CALLS @ 0.95
VIX – APR4 18 CALLS @ 3.70
UUP – SEP 23 CALLS @ 0.51
ROVI –  Short MAR 70 CALLS @ 1.40
GLD (added) – MAR 129 PUTS @ 2.56

OUT
GLD – MAR 131 CALLS @ 2.423 (-0.180)
GLD (covered short) –  MAR 132 CALLS @ 2.00 (+0.129)
GLD – MAR 129 PUTS @ 2.46 (-0.215)
FRX (part) – MAR 33 CALLS @ 0.85 (+0.15)
ROVI (part) – MAR 65 CALLS @ 3.10 (+0.60)
ICE (part) – vertical MAR 120/125 CALLS @ 2.40 (+0.494)
UUP (rolled forward exp) – MAR 22 CALLS @ 0.41 (-0.235)
VIX (rolled forward exp) – FEB 20 CALLS @ 0.70 (-0.59)

Monday Trades

IN
CME – Long vertical MAR 320/MAR 330 @ 6.25 & 3.55
DBO – Long ratio calendar strangle FEB 28 PUT/MAR 30 CALL @ 0.30 & 0.75
GLD – Long vertical MAR 131/MAR 132 @ 2.60 & 2.13; with downside PUT protection: MAR 129 @ 2.79
ICE – Ratio vertical MAR 120/MAR 125 @ 4.34 & 2.43
ROVI – Added MAR 65 CALLS @ 2.42
VIX – Long calendar strangle FEB 17 PUT/MAR 20 CALL @ 2.80

Friday Trades

During large market drops money goes to “fear” assets such as gold, USD, and oil

IN
DBO – ratio long calendar strangle (1/5) to the long side
GLD – long strangle ( 1/1)
SDS – long. Inversely tracks the SPX. Holding until market strength returns.
UUP – when the public takes money out of the market they put it into what they consider safer assets such as cash
VIX – I anticipate the VIX (fear index that calculates volatility in the market) will continue to go up into next week
CME – I found a good bargain on one of my favorite stocks during the dip so I added to the position
ROVI – This is a stock I have been watching for a good entry for a long time and today it hit my buy level
FRX – This is another stock I have been waiting to enter

OUT
TUP – held very poor strength breaking below support levels so I decided to take the loss and move on
CME – Took profit on CME PUT protection I put on recently

Thursday Update

  • Metals are up after their pullback due to increased margin requirements.
  • Yields are up causing a drop in Treasury prices across the board.
  • Looking for a possible retracement back to the broken TL on the S&P 5m chart here.

Took some profits on the gap up in the opening, got out of $USD on weakness, started a position in SDS on market strength to protect profits still on the table.  We feel bullish today on a pullback that does not break support levels on the SPX 5m chart posted above.  Will continue to take profits into strength.