Fiscal Cliff trade - page 3. | Bitcointalksearch.org

Lethn

legendary

Activity: 1540

Merit: 1000

It was amazing seeing the markets today for the short time it was open, really amazing, there were lots and lots of trades all going around Banks and Telecommunications groups like Vodafone, I'm surprised there are people left in this world who think that these economies are going to last, a gold stock I'm holding jumped 6 or so points in one day but it was rushing up to 12 for awhile, it's going to be insane what comes next year.

http://www.petropavlovsk.net/ - I'm putting my faith in this company myself, yum gold Cheesy

I say stick with Gold and Oil though you always want to be as picky as possible with your choices but I'd stay away from financials altogether.

Edit: Blegh, selling my stocks while I can, guys, take my advice from someone who has magical moments of mathematics every now and then even though he hates it, you should only enter a trade with £1000 - $1000 otherwise you will be waiting until 2020 to break even ( granted exaggeration on the 2020 bit but that's what it will feel like POG is definitely a good pick though )

ATC777

member

Activity: 112

Merit: 10

Here's a look at the charts with some of my analysis comments (excuse my indicators being a bit out of tune)::

BAC has fallen through its MA-64 after straddling it for days, and I expect selling to intensify/concentrate around the $11.15 - $11.00 level, which will push it below my strike price. Every $1 BAC loses in the next days equals $1,000.00 profit at a risk of only $140.00 USD.

ATC777

member

Activity: 112

Merit: 10

Closed my $33.5 weekly calls on VIX less than an hour ago, for a staggering 85%+ gain. Cool

Want in on this action? Ok, here's the move...

We're going off the Fiscal Cliff... Just accept it... As a result, the banks are going to get pounded. BAC, having just set a new high today before falling back, looks particularly vulnerable... Currently trading at $11.30/share. So let's get em...

Buy the weekly JAN1 13 11 puts which are trading for < $0.15, have 8 days of life till expiry and are only 0.33pt out of the money. You can buy 10 contracts (1000 options) for a mere $140-ish + commission. That will give you $1000 upside for every $1 drop in BAC stock below $11/share.

This is how you speculate with small amounts of money... Enjoy! Cool

--ATC--

Topic: Fiscal Cliff trade - page 3. (Read 4198 times)