Risk Off - System by Krames Trades

Coupon: UGAV23729

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Below is a chart of the systems theoretical performance when backtested since 3/31/2008.

/ES trading along trends

These drawings I have here have been doing a pretty good job at anticipating support, resistance, and reversal points.

Closing Out Straddles

I'll repopulate this as I continue to close them out.

FNSR
-Sold Mar 41 put @14.70

Straddle Trades

Some straddle trades im in...

Sold out of a nice one today that I entered yesterday into the close on BKCC

-Long May 12.50 call @ .40 - exited @ .20
-Long May 12.50 put @ .35 - exited @ 1.20

Paid out nicely from a big downward move from earnings, missed better fill prices though.


Others which I have now entered as earnings plays....

FNSR
- Long March 41 put @ 2.30
- Long March 41 call @ 2.25

SMTC
- Long March 24 put @ .90
- Long March 24 call @ .90

MCP
- Long March 45 put @ .75
- Long March 55 call @ .75

HITK
- Long March 17.50 put @ .20
- Long March 22.50 call @ .25

We'll see how they play out
- Krames

S&P Futures looks like they may be in for a reversal (/ES)

/ES - Looks to be hitting a key level and starting to trade sideways.  The week may close S&P lower.  The 1 hour chart is above, and a 4 hour chart below.

ATVI to resume bullish pattern

ATVI - Activision Blizzard, video game behemoth, looks to be returning back to its bullish triangular pattern.  It broke south out its lower support after its earnings news suprised negatively among other plans moving forward. 

An article posted on optionMONSTER a couple days ago states of a massive position taken of long 40,000 May 12 calls and writing 20,000 May 10 puts, putting the investor in at at $0.125 per option.  Although they are dropping their Guitar Hero line, their other game franchises such as Call of Duty and World of Warcraft draw enough business and leave potential for growth to keep Activision on top.

The bull has faltered but is now back on its feet, I say its a good time to ride. Price target around $15.40.

BEE Altered Chart

The green lines with the text next to them are not massive upcandles, but rather a measure of the width of the triangle and breakup - probably should of used a different color...

Credit to Steve Y to bringing his opinions and anlysis to the table; his charts are posted in the comments of this post

Markets ready for a bounce?

The S&P has been moving like a roller coaster recently, but it looks as though 1295 is proving to be a key level