Monday, January 5, 2015

Jan 05 2015

Somewhat jerky day with a few too many rinses. Several nice wins, especially closer to end of day, mostly fixed the total but obviously gotta make some corrections tomorrow.


Session Time: Mon Jan 05 00:00:00 2015

01[09:08] {@Threei}  [DAL] Reports Dec load factor 83.7% v 85.2% y/y; raises Q4 op margin to 12-13% (prior 11.5-12.5%) - PRASM -4.5% y/y
[09:11] {nathan} gm gents
01[09:12] {@Threei}  nathan :)
[09:14] {RonS} greetings euro captives and looney lovers
[09:15] {nathan} :-)
01[09:15] {@Threei}  ron :)
01[09:15] {@Threei}  euro 9 year lows
01[09:15] {@Threei}  loonie is welcome to follow the suit
[09:16] {RonS} gasoline $1.88 here
[09:18] {dptl} gm
[09:18] {RonS} unreal to me diesel $1.20 higher... for decades it was always cheaper
01[09:19] {@Threei}  dp :)
01[09:19] {@Threei}  it was always a tad higher here
01[09:20] {@Threei}  not that much though
[09:22] {dino} gm
01[09:23] {@Threei}  dino :)
[09:23] {nemo} had momentary power outage.  pc reboots but logix says I'm still logged in. can't get into the system and nobody home at support
[09:24] {RonS} natty looking spiffy
[09:25] {pamsv} hi everyone
01[09:25] {@Threei}  pam :)
01[09:26] {@Threei}  - (EU) German Chancellor Merkel said to be prepared to allow Greece to leave the eurozone if it elected an anti-austerity govt
01[09:26] {@Threei}  - (UK) PM Cameron: Prefers to move forward the planned referendum on UK's membership in EU from 2017 if possible
01[09:27] {@Threei}  I think all these folks are short Euro
[09:27] {RonS} lol
01[09:28] {@Threei}  Upside:
01[09:28] {@Threei}  -CNAT +35% (will report top-line results from 3 ACLF and organ impairment clinical trials on Emricasan after market close on 1/8)
01[09:28] {@Threei}  -CEMP +14% (Phase 3 clinical trial of solithromycin oral capsules (Solitaire-Oral) in the treatment of patients with community acquired bacterial pneumonia)
01[09:28] {@Threei}  -KITE +5.6% (enters cancer immunotherapy agreement with AMGN)
01[09:28] {@Threei}  -CERS +5.3% (Phase 3 trial of intercept red blood cells met primary & secondary endpoints)
01[09:28] {@Threei}  -ISIS +5% (enters collaboration with Janssen for RNA Therapeutics for GI Autoimmune diseases)
01[09:28] {@Threei}  -IMMU +5.4% (awarded fast track designation by FDA for Sacituzumab)
01[09:29] {@Threei}  Downside:
01[09:29] {@Threei}  -BCLI -15% (Phase 2a trial NurOwn data)
01[09:29] {@Threei}  -RIO -3.4% (buyback of as much as A$5B as early as next month)
01[09:29] {@Threei}  -FCX -2.3% (lower copper prices)
01[09:29] {@Threei}  -SBUX -1.6% (negative broker commentary)
01[09:29] {@Threei}  -FCAU -1.5% (Dec sales)
[09:30] {ese} gm
01[09:30] {@Threei}  nice clkmb DAL
01[09:30] {@Threei}  ese :)
01[09:32] {@Threei} Long Setup:  DAL  .20 break
01[09:32] {@Threei}  If holds  .17
01[09:32] {@Threei}  .10
01[09:32] {@Threei}  change to .15 break
01[09:32] {@Threei}  If holds  .05
01[09:33] {@Threei}  Invalidated
01[09:34] {@Threei}  got away
01[09:35] {@Threei} Long Setup:  IWM  .35 break
01[09:35] {@Threei}  If holds  .25
01[09:37] {@Threei}  no go
01[09:38] {@Threei} Short Setup: WMT  .75 break
01[09:38] {@Threei}  If holds  .85
01[09:39] {@Threei}  Invalidated
01[09:42] {@Threei} Long Setup:  MCD  .40 break
01[09:43] {@Threei}  If holds  .30
01[09:46] {@Threei} Long Setup:  IWM  .20 break
01[09:46] {@Threei}  If holds  .10
01[09:48] {@Threei}  1:1
01[09:51] {@Threei} Long Setup:  VXX  .50 break
01[09:51] {@Threei}  If holds  .40
01[09:53] {@Threei}  stop to .44
01[09:53] {@Threei}  out
01[09:54] {@Threei}  rinse
[09:55] {dptl} rig .10 br short?
01[09:55] {@Threei}  yup
01[09:56] {@Threei}  frikin VXX
01[10:01] {@Threei} Short Setup: CAT  .60 break
01[10:01] {@Threei}  If holds  .70
01[10:02] {@Threei}  fast...
01[10:03] {@Threei}  1:1
01[10:04] {@Threei}  1:2
[10:04] {dino} uot slb puts from wednesdale, +.90/24%
01[10:05] {@Threei}  1:3
01[10:05] {@Threei}  out
01[10:07] {@Threei} Long Setup:  LUV  .20 break
01[10:07] {@Threei}  If holds  .15
[10:10] {ese} spyders filling a gap looks like.....on my charts anyway
[10:11] {ese} 202.34 to 203.92
[10:11] {ese} ?
[10:11] {ese} anyone else seeing that
01[10:13] {@Threei}  quite possible
01[10:13] {@Threei}  meh LUV
[10:14] {nemo} bottom of gap is 201.79
[10:16] {RonS} hearing...Italian Banks being halted in Milan
[10:16] {ese} L mack .74
[10:17] {ese} all of them ron?
01[10:17] {@Threei} Long Setup:  VXX  .50 break
01[10:18] {@Threei}  If holds  .40
[10:18] {nathan} Me out for today. See u tomorrow at the usual lunch-time
01[10:18] {@Threei}  1:1
[10:18] {RonS} re-post ese ergo "hearing"...dunno
01[10:19] {@Threei}  VXX target 1:5 if goes
01[10:22] {@Threei}  nah, just scalp
[10:25] {dino} cybr sm l ave .27
01[10:32] {@Threei}  now VXX goes, after rinsing balance
01[10:33] {@Threei}  1:1  RIG
[10:34] {ese} yep....my italian bank shs aren't trading......have 50 shs of BPMLY otc at 2.83 forgot all about them.....in my RB bank account forgot all about them
[10:35] {ese} bought them 4 years ago after the wife and I went to italy
[10:35] {ese} figured the italian economy couldn't get much worse
[10:36] {ese} Banca Popolare di Milano Scarl
[10:37] {ese} this is dumb...time to ditch em...I look at that acct once in a blue moon
01[10:38] {@Threei}  well... let's say that investment decision wasn't made based on sound strategy
[10:38] {ese} lol
[10:39] {ese} since i got on with you vad...forgot I had that acct with Royal bank
01[10:41] {@Threei}  I need to look into that... if I have the ability to make people forget about their bank accounts, maybe I can also make then transfer ownership of said accounts to me?...
01[10:41] {@Threei}  1:2  RIG
01[10:42] {@Threei}  VXX at 1:4.... grrrrrrr
[10:42] {ese} I still have the acct its my regular one but there is an ianvestment side that I used to use...it's free....it's gotta be 2 years since i looked at it
[10:43] {ese} saw rons post and I went.....huh....oh ya......
01[10:51] {@Threei} Short Setup: USO  .10 break
01[10:51] {@Threei}  If holds  .20
[10:52] {ese} anybody on this board live close to Memphis TN......am gonna be there April 17th to 26th
[10:58] {RonS} so, no volunteers?
[10:59] {RonS} nemo here?
01[10:59] {@Threei}  he is buying tickets to memphis
[11:00] {RonS} hilarious
[11:02] {dptl} lvs .40 break long?
[11:02] {nemo} yeah, have a gunsmith friend down there who has a Class 7 license...he'll fabricate a suppressor for me
[11:03] {RonS} 3i, ese:  tennessean nickname "volunteers"...
01[11:03] {@Threei}  LVS no
[11:03] {nemo} the "vols"
[11:03] {RonS} nemo, the Lions really got jobbed by the refs...
01[11:04] {@Threei}  USO stop to .16
[11:04] {nemo} maybe, but the thought of Suh having success galls me...he's such an asshole
[11:05] {RonS} no bigger than jerry jones...galls me that the League is doing all they can to put the "boys in the Super Bowl
[11:07] {RonS} 3i, American lexicon:  "jobbed" from inside job...refers to a fix during a sporting event
[11:07] {nemo} Well, I'd rather the Pats face the Cowboys then Seattle
[11:09] {dptl} vlo .50 break short?
01[11:10] {@Threei}  ron, I might even learn English some day... :)
01[11:10] {@Threei}  VLO, yes
[11:11] {ese} trying to find a highlight to see what you guys are talking about
[11:14] {RonS} ese: a ref called this foul, that has beed on 999 times out of 1000 in the past five seasons...then picked up the flag and ruled "no foul"...critical momemtum changer in the game:  http://www.msn.com/en-us/sports/nfl/overturned-call-helps-cowboys-edge-lions/ar-BBhwlb1?ocid=iehp
[11:14] {RonS} been one
[11:20] {ese} wow
[11:20] {ese} that looks like interference if i ever saw it
[11:21] {ese} back to the guy...pushes him.....
01[11:21] {@Threei}  cover half USO
[11:21] {ese} and what was the reson for reversing the call
[11:22] {RonS} the rule is that if the defender never turns his head to play the ball, it is interference...
[11:22] {ese} yup
01[11:22] {@Threei}  1:1
[11:22] {ese} why'd the ref reverse the call
[11:23] {RonS} imo, the League wanted the Cowboys to win... higher ratings, more money:  it was a fix
[11:24] {ese} ouuuuu....tough to prove that one
[11:25] {RonS} the ref could not have been acting alone...the League reviews every call, and fires guys for crap like that
[11:28] {ese} you mean fines the refs
[11:28] {RonS} no, they lose their job...
01[11:28] {@Threei}  good boy USO
[11:29] {ese} hmmmm...didn't know that......i guess he better have a good reason
[11:29] {RonS} yep, oil trying to bust $50
01[11:30] {@Threei}  I can't even start listing the reasons it pleases me
[11:31] {JoebiWan} please do
01[11:31] {@Threei}  taking teeth out of russian military being not the last of them
[11:31] {JoebiWan} ty vlo dp
[11:32] {dptl} yw
01[11:34] {@Threei}  dp masters the craft of dudeness
[11:38] {dptl} out vlo
01[11:43] {@Threei}  closed last piece of USO on a trail
[11:50] {RonS} GILD + CVS Health Corp. Gives Preferred Formulary Status to Gilead Sciences' Drugs Harvoni and Sovald
[11:52] {Raven} hello?
[11:52] {JoebiWan} hi
[11:53] {Raven} anybody else?
01[11:53] {Threei}  no
01[11:53] {Threei}  why?
[11:53] {Raven} stupid server belch
01[11:54] {Threei} Long Setup:  IWM  .55 break
01[11:54] {Threei}  If holds  .45
01[11:58] {Threei}  no go
[11:59] {RonS} icahn working at gs now?  Goldman says JPMorgan should break itself into pieces http://bloom.bg/1wQ7OAY
[11:59] {dptl} hal.05 long ?
[12:00] {dptl} late
[12:00] {dptl} that was wll actually
01[12:01] {Threei}  lol
[12:01] {dptl} was looking at wll but thinking about hal..lol
01[12:03] {Threei}  need to be a mind reader to communicate with you
01[12:03] {Threei}  'cause HAL .05 long is really late... by days {G}
[12:04] {dptl} lol yeah..
01[12:05] {Threei}  DAX down 2.7%, the CAC off more than 3% and the FTSE down 1.7% after some weekend saber-rattling by German Chancellor Merkel, who said in a Der Spiegel interview that Europe needs to be prepared to let Greece leave the euro zone if it elects an anti-austerity government.
01[12:05] {Threei}  WTI crude is poised to see a four handle, with the front-month contract trading around $50.20 or so as of writing, down 2.4% on the session.
01[12:06] {Threei}  Note that traders say open interest for $40-$50 strike puts are rising, while $20-$30 puts for June 2015 have traded.
[12:07] {dptl} dal.50 long?
01[12:08] {Threei}  can't tell
[12:08] {dptl} ok
[12:11] {dptl} how about dis .30 break short?
01[12:13] {Threei}  no read
01[12:21] {Threei} Long Setup:  DAL  .40 break
01[12:21] {Threei}  If holds  .30
01[12:23] {Threei}  grr
01[12:27] {Threei} Long Setup:  VXX  .40 break
01[12:28] {Threei}  If holds  .30
01[12:29] {Threei}  1:1
01[12:30] {Threei}  1:2
[12:31] {JoebiWan} ty vad
01[12:31] {Threei}  yw
01[12:32] {Threei}  1:3
[12:39] {dptl} cop .60 break long?
01[12:39] {Threei}  not really delighted by longs yet
[12:40] {dptl} ok
01[12:40] {Threei}  ugh pam... missed 1:3
[12:42] {dino} dplo drop
01[12:42] {Threei}  BABA Seeing call activity17K Mar 140 calls trade at the ask
[12:43] {dino} thats a heck of a ways away
01[12:51] {Threei} Long Setup:  IWM  .85 break
01[12:51] {Threei}  If holds  .75
01[12:53] {Threei}  if this is double bottom, should get 1:3
01[12:54] {Threei}  come on IWM, faster
[12:55] {dptl} where is it now ? iwm?at .84?
[12:55] {nemo} no algo all red
[12:56] {dptl} i think my quotes are slow
[12:56] {nemo} check your TTR
[12:56] {dptl} 79
01[12:56] {Threei}  nah
01[12:57] {Threei}  no bottom yet
[12:57] {dptl} when i saw post it was like 7c away
01[12:59] {Threei} Long Setup:  IWM  .75 break
01[12:59] {Threei}  If holds  .65
[13:00] {nemo} nah no bounce
01[13:00] {Threei}  very close
[13:00] {nemo} they held the iwm up and sunk the spy, now they'll hold the spy and sink the iwm
01[13:01] {Threei} Long Setup:  IWM  .70 break
01[13:01] {Threei}  If holds  .60
01[13:02] {Threei}  ok IWM, it's time
[13:03] {dptl} long wll .76
01[13:06] {Threei}  sigh
01[13:09] {Threei}  jeez
01[13:09] {Threei}  switching to DKTK
[13:10] {nemo} trend down day
[13:10] {dptl} out wll ..just a scalp
[13:10] {nemo} knife catching trying to find bottoms today
[13:27] {nemo} we're very likely have a serious flush today
[13:27] {nemo} there is weekly pivot support on spy @.40ish
01[13:44] {Threei}  (US) Senator Hoeven (R-ND): Expects President Obama to veto the keystone bill, which has 63 votes so far - Backers can't beat the veto without changes to the bill- Bill has 63 votes so far- White House Press Secretary Earnest: President Obama believes the Keystone pipeline would have little impact on gas prices, but no comment on whether the President would veto the bill.
01[14:03] {Threei} Long Setup:  VXX  .35 break
01[14:03] {Threei}  If holds  .25
01[14:06] {Threei}  great, now it's IWM time
[14:06] {@nemo} I wouldn't be sure about that
01[14:12] {@Threei}  rinse after rinse
[14:13] {nemo} yeah, but trend is down
01[14:13] {@Threei}  VXX on pullback
01[14:13] {@Threei}  ideally frpom under .40
[14:13] {nemo} .40 is support for spy, below that get's elevatorish down
01[14:14] {@Threei}  come on VXX
01[14:15] {@Threei}  return to pick us up
[14:15] {dptl} hal .60 break short?
01[14:16] {@Threei}  nah
[14:16] {nemo} shouldn't drop below .30 if indexes going lower
01[14:16] {@Threei} Long Setup:  VXX  .45 break
01[14:17] {@Threei}  If holds  .35
01[14:17] {@Threei}  nope
01[14:17] {@Threei}  too hectic
[14:18] {nemo} I was wrong, it hit .29
[14:26] {dptl} wll .50 break short?
01[14:26] {@Threei}  yes
[14:28] {dptl} too fast
[14:28] {nemo} spy and finnies looking a bit ominous here
[14:28] {nemo} but both close to convergent support
[14:30] {nemo} crude below 50
[14:31] {nathan} short DAL 48 break?
[14:32] {dptl} 72 degrees...21c..i am in the summer again...lol
[14:33] {nemo} shut up dp
[14:33] {dptl} lol
[14:34] {dino} cold here, 22 f
[14:34] {RonS} 48 here, feels like summer...
[14:34] {RonS} oil 49.91
[14:38] {RonS} uri dumpage
[14:38] {dino} taking cybr off -.32
[14:38] {dptl} i am gonna finish early....see ya tomorrow all
[14:38] {dino} all things considered, secuity holds well, cybr, feye, vdsi
01[14:44] {@Threei} Long Setup:  VXX  .60 break
[14:45] {dino} uri sm l .40
01[14:45] {@Threei}  If holds  .50
[14:50] {dino} uri stop .15, -.25
01[14:58] {@Threei} Long Setup:  VXX  .50 break
01[14:58] {@Threei}  If holds  .40
01[14:59] {@Threei}  1:1
01[15:01] {@Threei}  1:2
01[15:02] {@Threei}  closed on a trail
[15:07] {dino} uri sm l .40
[15:07] {RonS} only thing i see uri is evercore downgrade... don't they make batteries?
[15:12] {dino} construction stuff
01[15:13] {@Threei}  [URI] Evercore ISI Institutional Equities Cuts URI to Sell from Buy, price target: $87 - citing exposure to energy/commodities and construction contagion
[15:14] {RonS} must be ebola...
01[15:14] {@Threei} Long Setup:  DAL  .35 break
01[15:15] {@Threei}  If holds  .25
[15:15] {dino} out uri .03, +.63
01[15:15] {@Threei}  wtg
[15:15] {dino} ty
01[15:21] {@Threei}  Invalidated
[15:23] {dino} aal sm l .84
01[15:26] {@Threei} Long Setup:  DAL  .25 breakj
01[15:26] {@Threei}  If holds  .20
01[15:31] {@Threei}  meh
01[15:38] {@Threei} Long Setup:  IWM  .20 break
01[15:38] {@Threei}  If holds  .10
01[15:38] {@Threei}  last try
01[15:40] {@Threei}  1:1
01[15:40] {@Threei}  frikin DAL
[15:40] {nemo} treacherous day
[15:40] {nemo} off to doctor c u
[15:41] {JoebiWan} cya nemo
01[15:49] {@Threei}  1:2
[15:52] {JoebiWan} out, ty
01[15:52] {@Threei}  1:3
01[15:52] {@Threei}  yw
[15:52] {JoebiWan} almosted stopped for the day..
01[15:52] {@Threei}  glad to finish with this
[15:53] {JoebiWan} finished about even
01[15:54] {@Threei}  thank you all, have a good evening
01[15:54] {@Threei}  see you tomorrow
[15:54] {JoebiWan} gn
[15:54] {dino} out aal .96, +.11
[15:57] {dino} gn
[15:57] {pamsv} see you - thanks