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  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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April 14, 2014

Market Starting a Low Here?

Monday April  14 2014

I just bought 200 shares of FB for 59.80 and sold two May 17 calls for 3.35 which is

3.35 / 59.80 = 5.5% due in one month = 12 x 5.5 = 66%

Is my math right or are the options markets temporarily irrational

NOTE the strike price was 62.5

 

Also ordering  some XES on this pullback, puttin  the orders in below the market as we quickly gove overbought on the intra day chart

TLT
Screenshot 2014-04-14 10.36.17

As I speculated this weekend, hold off on buying any TLT , you can see the recent up and down nature, it is liable to fall again if stocks rally, note short term MACD overdone in lower panel.

Posted at 11:41 AM in Stock Market |

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