HedgeOwl

Monday and Tuesday is going to be a major crash in emini. oil will trade lower for a bit and rebound mid week. gold will slowly trading up. Load up on the shorts emini positions this friday.

Terica
Terica Feb 19, 16 1:45 PM

what are emini's??

Terica
Terica Feb 19, 16 1:47 PM

And which ones do you suggest?

HedgeOwl
HedgeOwl Feb 19, 16 6:48 PM

emini is ES Spy future

HedgeOwl
HedgeOwl Feb 19, 16 6:49 PM

XOM is my oil play, GDX for gold. I mostly sell options 1sd out of money.

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HedgeOwl

emini rally this week like i predicted below last week and in my youtube video 3 weeks ago. plan is to load up on shorts positions this week. start to sell 1wk calls at 1900, 1950, and sell 10x es mini if it reach 2000. i think it will start to fall back down around 1940... and will test new low at 1800 at either the end of this week or some time in the next two weeks. we are going to have 1.5wk up days and 2wks crash after that.

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NickOrlowski

@Varomnia so you say you follow oil to determine what SPY might do. Can you explain a little what you mean? For example, if oil is down, does that mean SPY might be going down?

HedgeOwl
HedgeOwl Feb 11, 16 9:27 PM

if oil is down spy goes down... if oil is up spy will stay the same but not go up as much maybe even a little down.

HedgeOwl
HedgeOwl Feb 11, 16 9:29 PM

we are in a Bear fear market, spy will go up only based on Fed not oil. Oil price is depend on dollar value not production #, it can move up on rumor of production cut but thats short lived.

HedgeOwl
HedgeOwl Feb 11, 16 9:30 PM

since oil is already really cheap as today SPY will have a small rally for the next 1.5 weeks. That will be your opportunity to open short positions.

NickOrlowski
NickOrlowski Feb 16, 16 6:09 PM

So basically what you were doing is watching Oil (and other stocks) and that helped you determine what SPY would maybe do on te NEXT day, right?

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HedgeOwl

@PrezedentX your account is way too small to use etrade to trade options go on tastytrade for option small tastybite account link for think or swin. if you want to trade stocks and options and you have 30k. use interactive broker. otherwise stay with think or swin.

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