Greg Bananrino "truth in disclosure" trading blog for the week that starts today, 6/22/17
OK, I logged in the results of the two trades I witnessed Greg Bananarino close out today. Since he generally holds no trade for longer than 3 days I will do a weekly blog and roll open trades over into the next week. No open trades get carried over. He did execute 2 more straddles, one in XLF and one in GS, the "evil" empire. Greg isn't sure whether he wants to join them or crush them I guess...so he just guesses and takes both sides of the trade. :-)
https://www.traderschoice.net/money-page--stock-picks.html
Since there was very little movement or volume in either trade I will log the current prices. For his Sept expiry XLF 26 puts he paid 2.07 and for the $26 calls he paid .10. There was only just over $500 worth of these contracts bought today in total. So Banana boi is not a big playa. A "wise" decision on his part :-)
He also "straddle'd" GS at the Sept 230. Calls now at 5.60 for his 1 call contract and an equal dollar amount of the same strike puts would be ...Ooops! Trading all day long near $15.00, bid well above there but I wil be nice and give him 15.00. He owns 1 put and 2 calls, he paid 5.60ea for those.
the sauceman has all the winning trades, even if you can not recreate his success following him.
His new SLV and GLD trades "prove" he's full of shit because 3 out of 4 of those strikes haven't even traded any volume at all yet. :-)
how about all the crap trade you been spewing? Your dropping some real steeming ones. Since you been spewing here maybe 1 correct of 5? And that one correct required one to be fast as lightning to cash in on. Sorry dude you lost it.
That one was a drop of the Q's into the 137's in a few days. Even I mist the high but I still didn't get my ass kicked. You get your ass kicked because you trade like an idiot and you make your own entries based on what I say. My "suggestion" for someone like you is to trade only my gold calls...or trade only my QQQ calls. Don't trade all my calls becuz teh more you trade the more you will fukkk things up. :-)
6/23/17 Update: Bananrino just "straddle'd" GLD via the Sept expiry $115 strike and did the same with SLV via the $14 strike. Here are the entry prices. Both have held their rallies so these should be pretty accrut.
GLD Sept monthly expiry $115 strike
Call is bid at 5.60, we'll give him 2. The "fact" is that not a single contract has traded as of yet so make note of that. :-)
GLD Sept $215 put is at .79 bid. There was also only one trade there for 2 contracts at .78. I'll give Greggy poo 10 at .78.
On to silver via the Sept monthly expiry at $14
Call is trading at 1.92 so Banana boi gets 5
No contracts traded at all on teh put side. Last trade of .07. This trade is pretty much so blatantly bull shit that it really isn't even worth giving him 10000 contracts...so I'll just give him the price. :-)
Thanks for tracking, will keep my eye on it!
My take, which is not worth much :-) I would like to see gold over 1,260 first. Looking at last few months, there is clear inflection zone where price gets rejected, or shoot through or gets retested around that level.
My buy call from 2 days ago in GDX is outlined in my spew here at steemit about why "paper" is better" than "physical" if you'd like to track me vs Bananarino...no "hedge" or "stops" necessary...thank you very much.
Sure! :-)
I'm going to be honest with you, I was ALOT more confident in teh GDX trade before Banana boi stepped up.
Well, you made a nice call few days ago for GDX.
I'm looking at charts from a little bit longer time frame.
Weekly charts are closer to me :-)
Well I'll finish with GDX as early as next week if my upside targets get hit (and I'm basing that more on the HUI index than GDX), and then I will turn it over to you for the longer term. How's that sound to you? :-)
LOL that should work.
If you don't mind, (please ignore this post) I will use this comment section to try to post annotated chart for gold, just testing, since I couldn't post it on Greg's thread, where I wrote that I would like to first see gold over 1,260 before looking at his calls. Taking calls right before resistance may not work that well.
Ha, got it working, coool :-)