The Greg Bananarino "truth in disclosure" trade log
Anyone who has followed him for more than a few months knows he's a huckster. Lately (past month or so) after he had been failing consistantly by being on one side of the trade (he was wrong 90%+ of the time) he decided it would be MUCH easier to fool everyone by simply taking both sides of the trade via straddles in the options pits. Here is his most recent play. MCD bot long and short to $150 by Sept 21. Current price on the $150 puts is $7.25 and last trade on the calls is at 5.65. If anyone can be wrong on both accounts it is certainly Greg Bananarino.
The prices I logged in were for the Dec expiration 150 strike contracts. The Sept expiration date is 9/15. Since Greg waited until after the gapdown move before entering these positions they are little changed from when he entered the trades. Currently $150.00 puts are 5.35 and the calls are last traded at 4.35.
I followed the sauceman´s trades in a paper account last year. What I realized, Greg takes big losses and small wins. He measures his success in the amount of wins over profit. However, I could not replicate his winning track record. The amount he is willing to lose compared to the amount he wins is way out of whack.
the sauceman ruined people who took his advice. At the August lows of 2013, the sauceman told his subs "call your financial adviser, tell your adviser to get out of stocks and put it all into silver" what a brilliant idea that was. Tacos and I (my old channel karl childers) called him out on that great call. His response was to make a trolling video where he talked like a retard making fun of Taco´s youtube accent. the sauceman calls for a top in stock and a bottom is silver just about every video he makes. The first time the sauceman became a raging bull was at the December 2015 highs. It was a surreal moment to say the least. The market commenced to drop like a stone after that brilliant call. His account was "hacked" where all of his videos were deleted. Conveniently all his bad calls just disappeared as a result of the "hack".
the sauceman makes market top calls daily and silver bottom calls daily. When he does get a call right, is he clairvoyant on the markets, or just playing the numbers?
He always loses becuz he plays only long term in the money options and sux at entry Ty Ming. It is quite possible that he will be a loser on both sides of the MCD trade. But at least he is slick enough to play both sides becuz that way he can at least say he was "half" right. :-)
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Perfect. New buys in tech by Bananrino altho I'm not sure these are valid trades as his web blog is having issues. He posts a buy in AMZN Sept expiry $975 calls on teh gapup move. Current price of $53 each so I'm sure he bought no more than 1. :-)
FB Sept 150 calls now at 8.00, even the low was 7.80
GOOG Sept $940 calls at 51.72, low of 51.00.
Looks like he closed out the MCD trade altho he will likely come on and say he only closed out the 150 puts for the Sept expiry. Calls at 4.60 and Sept 150 puts at 4.95. That's a .25 per contract gain on teh calls and a .75 loss per contract on the puts. Like I said, he would lose money on the trade if he played the same amount to each side.
Wasn't here to see when Bananarino crapped out of these tech trades. But there is little doubt that all 3 were losers. I see that he is trying to play both sides of teh SPY now. I'll pick things up with his next "mistake."
New trade for Bananarino. He in general exits his trades in 3 days or less yet he's buying a QQQ Sept expiry straddle at the 130 strike. Let's check volume and price for both the puts and calls for that purtickler contract. Only 3 contracts traded in the calls at 11.82 and he paid 1.35 for the $130 strike puts. So he has $1182 in a single call contract and an equal amount of the puts would be about 10 at 1.35 as the Q's opened like this.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=qqq&x=36&y=15&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
I like the put side of the trade anyhoo. Let's see if he turns this trade into an overall loser.
Q's now signaling sell and I will try and pick up the FB short also. It's only at 152.65 as the Q's trade at 140.46. The compooters are already generating nice volume in teh July 7th expiry $138.00 puts but no takers at .88 asked so I will wait just a tad longer. Target is still 135.25 so even if the Q's only break to last week's 137.45..ish low so at the current .88 asked price it is "almost" at a break even trade. The Q's do have some upside wiggle room so patients, Dr....wait on Mark Suckerberg to buy out Uber...for $100 bil :-)
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Fund&symb=qqq&x=45&y=14&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
FB already signaled sell on the open but I wouldn't consider the short unless it trades thru 153.57. Since I would be playing for a short termselloff it is best to go with a shorter term expiry and "hope" you can time it just perfectly. Imo it makes much more sense to just play the one side of the trade. The target that the compooterized playas are working hard is the $150 strike and I like the July 7 expiry...just in case there are some FB fireworks before the 4th of Julie.
The July 7 FB $150 puts will trade lower than the current 1.35..the same price Greg Bananarino paid for his winning side of his Sept FB trade cept he'll close it out to cover the losses being incurred on the other side of the trade.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=fb&x=48&y=17&time=3&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
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.
https://www.traderschoice.net/money-page--stock-picks.html
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.
Bananarino now "straddlin" FB again after posting last weeks loss. He went with FB Sept expiry $150's.
https://www.traderschoice.net/money-page--stock-picks.html
The days range is 8.25 to 9.00 for the Sept $150 calls and 4.89-5.85 for the Sept 150 puts.
He entered after the high was set so the price he paid will be pretty close to current pricing. 8.35 for the call contract and 5.35 for the puts, 1 contract on each side since he is giving no disclosure how to weight the trade.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=fb&x=51&y=18&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
6/22/17 Update: Bananrino closed the FB Sept $150 straddle out today. The days range on teh calls for Sept is 8.70 to 9.60 currently at 9.00. There wasn't that much volatility in FB today so the current prices are fair to use. FB $150 puts for Sept 16th at at 4.65. So on this trade Bananrino made $65 on his call contract and lost $70 x 2 on the 2 put contrracts he paid 5.35 each for...so this trade costs him $75. Overall, betwixt the Q's straddle and this FB straddle he made $100. Again, not exactly killing it as he suggests he is doing. The FB trade was a loser. My trade against his straddle is still open via my FB July 7th expiry $150 puts, which I would still hold at this point.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=fb&x=58&y=21&time=18&startdate=1%2F4%2F1999&enddate=6%2F12%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11
Somewhere on this thread I think I posted a Q's short trade to 140 by 7/6 too and I would be closing that trade out here too at 2.01bid. That's up 100% today alone..almost. I think the price those contracts were at when I posted the trade was .45. That would be 300% if I am right about the price I posted the trade at. Nonetheless, great trade just becuz of today's market festivities.