Ummm... interesting perspective probably worst case scenario:
Showing posts with label Other. Show all posts
Showing posts with label Other. Show all posts
Thursday, June 4, 2009
Wednesday, June 3, 2009
3X ETF's (Treasuries)
Direxion recently launced a few new ETF's that track the Treasuries: TYD, TMF, TYO, TMV. They are also the company that launched the FAS and FAZ, the popular ETF's among many intraday traders. I too have made plays on these ETF's and made some good returns. But they are mostly geared towards the intraday trader, which will be more relevent in my new venture with SMB capital. But I bring up the ETF's for treasuries because as interest rates become the primary discussion in the market because of inflation and the fed tightning up monetary policy these ETF's will definatly be in play. So I think it will be beneficial to keep these on the radar. They are not very popular yet but the volume on these 3X etf's seems to grow pretty quickly.
Monday, June 1, 2009
Useful links...
I posted these on my other blog, I thought that you guys may find these useful:
http://traderfeed.blogspot.com/ --> This blog is run by Dr. Steenbarger, he is a trader and phychologist. I reccomend his book "The daily tradingcoach"
http://www.smbtraining.com/blog/ --> This one was to be expected. Very relevent to the intraday trader.
http://blog.t3live.com/ --> Another prominant prop shop on the street.I also reccomend that you check out sfomag.com, they offer a free 1 year subscription. Sign up because there are some really good articles.
http://www.ONN.tv --> Very useful for options traders.
http://traderfeed.blogspot.com/ --> This blog is run by Dr. Steenbarger, he is a trader and phychologist. I reccomend his book "The daily tradingcoach"
http://www.smbtraining.com/blog/ --> This one was to be expected. Very relevent to the intraday trader.
http://blog.t3live.com/ --> Another prominant prop shop on the street.I also reccomend that you check out sfomag.com, they offer a free 1 year subscription. Sign up because there are some really good articles.
http://www.ONN.tv --> Very useful for options traders.
I could not help myself...
It is very difficult for me to stay out of the market. As I just wrote my last post I said that I would be pretty inactive with positions for the next few months. But then I put on a position in USO and DRYS. Let me explain.
1) I sold 10 short $7.50 puts on DRYS with Jun 09 expiry for $0.55. Break even on this is $6.95. I put this position on because looking at the Dry Baltic index it is up over 400% from its December low of 666. The outlook for the dry shippers is much better. I basically saw DRYS on my watchlist was down on today and this signaled a good opportunity to put this trade on.
2) I also sold 10 short $34 puts on USO for $0.35 a contract at Jun 09 expiry. Oil is strong and I don't see that chaning going into summer and hurricane season. USO is currently trading at $37.30. Working in the oil industry I need to have a least one position tied to oil right?
I continue to look for my play on Silver, but I would like to see a pull back.
Until next time.
1) I sold 10 short $7.50 puts on DRYS with Jun 09 expiry for $0.55. Break even on this is $6.95. I put this position on because looking at the Dry Baltic index it is up over 400% from its December low of 666. The outlook for the dry shippers is much better. I basically saw DRYS on my watchlist was down on today and this signaled a good opportunity to put this trade on.
2) I also sold 10 short $34 puts on USO for $0.35 a contract at Jun 09 expiry. Oil is strong and I don't see that chaning going into summer and hurricane season. USO is currently trading at $37.30. Working in the oil industry I need to have a least one position tied to oil right?
I continue to look for my play on Silver, but I would like to see a pull back.
Until next time.
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