Monday, January 22, 2007
Sector Spotlight: Structured Products
My fucking highlight this weekend was reading about 50 prospectuses on AMEX listed structured products. Frankly, I found it quite fun.
Last year, I made a gagillion dollars in NKZ' (ilx quote) or Nikkei 225 call warrants. Basically, it is a levered way to play the NIKKEI.
While slaving over the prospectuses this weekend, I found many interesting products, such as:
Accelerated Return Notes linked to the PHLX Gold & Silver Index (SVG), PLUS linked to the PHLX Oil Service Index (MPQ) or Stock Market Upturn Notes linked to the NIKKEI 225 (SZN).
Now, of course, you fuckers out there would probably like me to explain this shit in detail, but you are dead wrong. See, this blog is not about educating you-- just the opposite. This blog is all about eating Buffalo Wild Wings, drinking large quantities of Monster Energy Soda, while watching me get rich-er. And, don't forget, humiliating my servant/trader.
As the immortal Bud Fox once said to that piker with the Yankee helmet:
"Hey (dicktard)! I am sick and tired of playing wet nurse to you. Do your own research for once."
I know, it went nothing like that. But, you get the point.
Seriously, you can do some hw on the AMEX website, under the "structured products" section.
Keep in mind, many of these products use 300% leverage. Meaning: You can get your ass lit up quicker than a Baghdad bar mitzvah.
NOTE: Some of my previous comments on NKZ-WT.
Last year, I made a gagillion dollars in NKZ' (ilx quote) or Nikkei 225 call warrants. Basically, it is a levered way to play the NIKKEI.
While slaving over the prospectuses this weekend, I found many interesting products, such as:
Accelerated Return Notes linked to the PHLX Gold & Silver Index (SVG), PLUS linked to the PHLX Oil Service Index (MPQ) or Stock Market Upturn Notes linked to the NIKKEI 225 (SZN).
Now, of course, you fuckers out there would probably like me to explain this shit in detail, but you are dead wrong. See, this blog is not about educating you-- just the opposite. This blog is all about eating Buffalo Wild Wings, drinking large quantities of Monster Energy Soda, while watching me get rich-er. And, don't forget, humiliating my servant/trader.
As the immortal Bud Fox once said to that piker with the Yankee helmet:
"Hey (dicktard)! I am sick and tired of playing wet nurse to you. Do your own research for once."
I know, it went nothing like that. But, you get the point.
Seriously, you can do some hw on the AMEX website, under the "structured products" section.
Keep in mind, many of these products use 300% leverage. Meaning: You can get your ass lit up quicker than a Baghdad bar mitzvah.
NOTE: Some of my previous comments on NKZ-WT.
Comments:
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considering the Nikkei was basically flat in 2006, how could this Tout make a "gagillion" dollars even using leverage? Go check the charts.
# posted by 
: 10:14 AM
: 10:14 AM
It had a trading range- dick. Plus, it wasn't flat.
NKZ' uses 300% leverage. Check the chart.
Yahoo quote is nkz-wt
NKZ' uses 300% leverage. Check the chart.
Yahoo quote is nkz-wt
I feel like a genius for selling the other day at 3.68, good luck to everyone hoping for that picop bullshit to hit the bigtime. I can't wait forever but was on board long enough.
# posted by : 10:28 AM
: 10:28 AM
Sounds like nobody remembered to wear their condom...
From Steve Smith -- Real Money
The put/call open interest ratios on some of the most popular exchange traded funds are also notably low. The Nasdaq 100 Trust (QQQQ - commentary - Cramer's Take) is just 1.32, its lowest level in three months, while the put/call open interest in the Russell 2000 iShares (IWM - commentary - Cramer's Take) is 1.99, its lowest level in more than six months. The open interest in Spyder Trust (SPY - commentary - Cramer's Take) February options now shows 1.6 million puts to 880,000 calls for a put/call ratio of 1.81, the lowest reading in two months. All this suggests there is minimum broad-market protection in place, leaving stocks vulnerable to accelerated selling if technical levels are broken.
From Steve Smith -- Real Money
The put/call open interest ratios on some of the most popular exchange traded funds are also notably low. The Nasdaq 100 Trust (QQQQ - commentary - Cramer's Take) is just 1.32, its lowest level in three months, while the put/call open interest in the Russell 2000 iShares (IWM - commentary - Cramer's Take) is 1.99, its lowest level in more than six months. The open interest in Spyder Trust (SPY - commentary - Cramer's Take) February options now shows 1.6 million puts to 880,000 calls for a put/call ratio of 1.81, the lowest reading in two months. All this suggests there is minimum broad-market protection in place, leaving stocks vulnerable to accelerated selling if technical levels are broken.
I think hell will break loose when the q's break below 43.60!
Now we have to log in thanks to some jerkoff from the yahoo msg board. Oh well. Keep doing your thing broker, most will visit even if there is no comments.
Now we have to log in thanks to some jerkoff from the yahoo msg board. Oh well. Keep doing your thing broker, most will visit even if there is no comments.
Downside pressure is evident.
However, every darn time the market looks "swan-divish" is gaps to the upside.
Normally, I'd take some shorts-- just for the fun of it. But, something tells me to wait a bit longer.
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However, every darn time the market looks "swan-divish" is gaps to the upside.
Normally, I'd take some shorts-- just for the fun of it. But, something tells me to wait a bit longer.
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