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RE: The Greg Bananarino "truth in disclosure" trade log
There's the sell signal I have been waiting for as FB trades thru 153.75. I'll log in teh market trade at the current 1.07 market for 3 FB July 7th expiry $150 puts. Let's see if I can beat Greg Bananarino with a simple $300 wager. Last trade is 1.15. Bananarino is still holding his straddle.
6/22 update: Bananrino closed out his QQQ's Sept expiry straddle at the $130 strike today. Let's check pricing since I logged in what he paid. His calls are definitely a loser tho. Let's see. The calls traded all day between $12 and 12.50, the $130 puts have a range of ,,,actually, there is no trade in teh puts but the bid is at 1.72 so that's what he gets on a "no trade" day. He made .30 cents on teh one call contract and .35 on each of 5 put contracts, about $175.00. He covered his expenses on this trade. I didn't trade against his Q's trade as the Q's did not generate a new sell signal after he was already in. He put about $1800 at risk to make about $160 after commish. Definitely not "killing it" but at least he banked a winner for a change. :-) He also closed out the FB straddle. I'll check that next.
These FB 7/6 expiry puts I posted in order to show Greg how to "actually" trade FB are now trading at 1.61. My entry was at 1.07. Not too bad for 1 trade that lasted 5 trading days. I'm working on a long in UUP and short in USO right now as I feel those are the "correct" side of the new trades he posted and is spewing about.