Sunday, July 15, 2007

 

Position Update

I normally don't hold so many option positions open at the same time but this is what I'm holding-

CTX Put (Down $270)
DRYS Call (Up $50)
GRMN Call (Up $230)
POT Call (Up $70)
BRCM Put (Down $260)

My Calls and Puts are somewhat balancing each other, so I'm not making money on my options. Most probably I might let go of my Puts. I think the Dow will try to go above 14000 and take the markets up along with it. The earnings this week might give an idea of the direction that the market might take.

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