Random Walk Trading.com
Monday
December 15, 2014
1-855-RWT-0008
Prepared by the good people at Random Walk, LLC.
VEGAS
Almost Sold Out
What is there not to love about 2 days of trading and QA, the Cirque, and a good clean wholesome environment to do it in?
Great Morning !
Closing Prices From Yesterday
Today’s Number(s)
Yesterday and Today
Yesterday
Brutal. The Grinch. Scrooge.
Friday was a mess as oil fell dramatically again. The Dow closed down 315 (-1.79%). Decembers usually have one big down move before the move higher, and to tell you the truth I was not expecting this much of a move.
TODAY
I am hoping that the end of the oil fall and S&P is done so that I can start making sense of things again, but as this is being written oil is down again. At 8:00pm eastern (Sunday) crude futures are are down -1.12 at 56.69, yet S&P futures are up 4.00. This is indicating a +30 points higher Dow open.
The S&P is likely going to follow oil, and it did open higher last Friday despite oil being down modestly. I think the super-sensitivity to oil might be nearing an end, except to the upside. If oil spikes up one day we could really fly high. Again, I was shocked by how much we fell Friday, but I suppose the capitalization had to occur. Some people want out before X-mas to enjoy their holiday when the Dow is at all time highs.
Things will get back to normal in a little while.
POTĀ LAST NIGHT
Below is the schedule for the month.
Contract the office at 1- 855 ā RWT ā 0008 for more details.
It is a good thing we sold a ton of premium on Friday when adjusting the Billy Baroo. Recall that we not only sold a $20 put spread, but we also sold a $5 spread (to take our long $20 spread to a long $15 spread). We got long more deltas, but a tad early. When the Dow as down 210 is where a lot of this happened, and had I known we would have closed on the lows I would have waited until the end of the day. I just didn’t get the memo. Besides, this is about teaching people that perfect timing is not important ā no one has it.
Also, with all this selling we had this week, it is a good time to take a stab at Jelly Rolls again. Yeee Hawww! This week we will do a traditional one, not trying to get time value. We left a lot of money on the table with last month’s Jelly Roll, and the $35 mark up.
I was just in NYC for the weekend and met a few cops late at night. I have to say that I didn’t expect it, but these guys were the most gracious, polite and nice guys in the world. I did not get shot or put into a choke hold no matter what I did.
If you think your cops are hard-asses, go to Chicago. You had to be fired from the DMV for a bad attitude to get a job on the Chicago force. It was also good to see that the SOUP NAZI from Seinfeld was still in business and open late. I am banned for 3 weeks.
Too True To Be Funny
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Attorney Stuff
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Trading is almost as much fun as black jack in Vegas, but without all the annoying distractions of free drinks, Broadway shows, gorgeous people with low morals, and free buffets. It also has about the same odds of success, so when you lose all your money you wont have to walk past a smiling pit boss. Even Bruce Wayne lost everything with options in The Dark Knight Rises, and Superman keeps his day job at the Daily Planet newspaper.
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