Thursday, December 27, 2007
Buy - 1 GS Jan 210 Put @ 5.50
GS usually finds support/resistance at 215. After that level was broken, it wasn't able to get above that. My initial target is 210. Stop loss above 215.
Labels: GS
Buy - 1 AAPL Jan 195 Put @ 6.30
Saturday, December 22, 2007
Some charts...
A few charts from the IBD 100 list. Let me know your thoughts...
Saturday, December 15, 2007
A few charts
I'm still not sure which way the market is heading. There are a few big names reporting this week which could give this market some direction...
Here are a few charts, most of them from the IBD 100 list.
LIFC could be getting support around the 44ish area.
I don't follow IRM, but j.M, a regular reader, does. It could be getting some support around the 36ish area. If it bounces from here and breaks 38ish, it might be a cup and handle.
POT could be getting some support around the 124 area. I'll try to be patient with this one, maybe let it base a little here. If it breaks this area of support, it could head much lower.
Here are a few charts, most of them from the IBD 100 list.
LIFC could be getting support around the 44ish area.
I don't follow IRM, but j.M, a regular reader, does. It could be getting some support around the 36ish area. If it bounces from here and breaks 38ish, it might be a cup and handle.
POT could be getting some support around the 124 area. I'll try to be patient with this one, maybe let it base a little here. If it breaks this area of support, it could head much lower.
Labels: Charts
Friday, December 14, 2007
Sell - 1 GS Jan Call @ 10.20 (Bought @ 9.00)
GS has found support/resistance at the 215 level many times before. Today was no different. It tagged 215 today and moved down the rest of the day. Unfortunately I wasn't at my desk most of the day, otherwise I would have closed it much earlier. Anyway, got out of this after I felt that the market looked like it was headed lower.
Thursday, December 13, 2007
Buy - 1 GS Jan Call @ 9.00
Has anyone bought a Put by mistake instead of buying a Call (or vice versa)? Well it happened to me today... I thought I was buying a GS Call, but I actually bought a Put. I was surprised to see the price of my position actually going down when GS started climbing... It took me a few seconds to realize what I had just did. Anyway, I held on to it, which was a good thing, as it started falling down soon after. I got out of it with a profit of $80.
I bought this call soon after selling my Put. It looked like it was basing at 108, but wasn't so. It fell to about 105. Anyway, it did climb back up towards the end of the day, good thing.
GS reports on the 18th... any chance it will ramp up going into the earnings?
I bought this call soon after selling my Put. It looked like it was basing at 108, but wasn't so. It fell to about 105. Anyway, it did climb back up towards the end of the day, good thing.
GS reports on the 18th... any chance it will ramp up going into the earnings?
Labels: GS
Sunday, December 09, 2007
A few charts
A few charts worth looking at. All long recommendations. But the Fed decision will obviously be something to watch out for.
Labels: amzn, BUCY, ma, pcln, POT
Thursday, December 06, 2007
Sell - 2 AZO Dec 120 Put @ 0.80 (Bought @ 1.80)
Tuesday, December 04, 2007
Buy - 2 AZO Dec 120 Put @ 1.80
Looked to me like it was headed into resistance around 125. But once that was taken out, a short squeeeeeze took over. Not a smart play. Not a good idea to stand in front of a runaway train.
Labels: AZO
Sell - 2 POT Dec 125 Call @ 6.30 (Bought @ 5.95 avg)
Sold this around 125. It was trading in a range, with 125 being resistance. The market was also showing some weakness during this time.
Buy - 1 POT Dec 125 Call @ 5.50
Bought this when POT fell from 126 to 123 in a few minutes. I was anticipating an oversold bounce.
Labels: POT
Monday, December 03, 2007
Buy - 1 POT Dec 125 Call @ 6.40
Bought this on a bounce off of support @ 124. It kept oscillating around this level throughout the day though. I'll look to keep a tight stop on this one, this stock has the potential of going out of hand very quickly.
Labels: POT
Sell - 1 RIMM Dec 110 Put @ 10.15 (Bought @ 7.00)
Sold this after it bounced off of support at 105. It weakened in the afternoon though and is currently below 105. If the market weakens further, this could easily see 100.
