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It’s Aliiiiivee!!!
53

It’s Aliiiiivee!!!

by The MoleApril 15, 2009

UPDATE 3:00pm EDT: Fujisan cooked up a new option monstrosity genetically engineered to leverage from ISRG – a known public offender and high flyer:

I mean – look at this thing – it’s a monster!!

It’s aliiiive – alliiiiiive I say!! Mmmwuuuaahaahaaaaaa!!!!

Okay, I just found my meds – much better now. Anyway, this is what she said:

I’m going with HungryNewt’s tarzan strategy (i.e., ATM calendar + protective May Strangle).ย  This would be a perfect strategy for a high flyer like ISRG.ย  The only drawback is that it takes more capital, but nonetheless, this probably works the best.ย  We are finally getting a good (male) spread trader in this site.

I don’t know who this hungry newt is but he better stay away from stash of MREs:

If he as much as glances at them I’ll send over my friend Burt Gummer to kick his ass:

Alright, so that’s on the menu today:

  • Appetizer: ATM Calendar Spread on HOG – execute before the close TODAY.
  • Entree: Frankenstein Spread on ISRG (see above) – not sure but I think we execute today before the close TOMORROW. Plus a side order of GOOG served in the same configuration TOMORROW.
  • Desert: ATM Calendar Spread on BBT – execute before the close TOMORROW.

I looked at the chart and it’s not clear when exactly ISRG reports – it’s sometime tomorrow. If someone knows the exact timing I will update this post with the time to execute this monstrosity.

UPDATE 3:30pm EST: Okay, it is almost time. Annamall recommended to buy a HOG put calendar and I tested actually both sides:

That’s hers with volatility decreasing in 2.5% intervals.

That’s the call calendar equivalent – seemingly favoring the bearish side.

And that is a combo – hey, why not? ๐Ÿ˜‰

Anyway, BBT recently had good earnings as well, so I guess a PUT calendar would be of order as well…

UPDATE 3:40pm EDT: ONLY BUY HOG CALENDAR TODAY – ALL THE OTHERS ARE TOMORROW!!!

UPDATE 3:48pm EDT: If you want to know where my GLD line in the sand is…

…. it’s somewhere in that area highlighted in yella’ – not going to tell you where exactly otherwise those MM biatches are most definitely going to push the tape a few ticks above ๐Ÿ˜‰

UPDATE 3:57pm EDT: I guess we got our {b} wave – very nice. Don’t get too bullish here now folks – yeah we might bust higher but the wave count would look best if we drop further from here to about 830 – 820. Of course if we breach 864.31 it’s all over and we bust higher.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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