The market continued on its weak note and I closed out CMCSA and BNI. CMCSA as it had made a long way down and nearing strong support and BNI because in the first place a bear call oct trade is not exactly a good one to take advantage of the current fast move down. [...]

If you enjoy our post, feel free to subscribes to our rss feeds

I am still juggling with the fonts here so excuse the jaggedness…
The market plunged through support yesterday and Dow ended its worst ever June performance since 1930 and as crude hit new highs and Goldman Sach downgraded some big stocks like GM. I took out some positions though those are bearish as I [...]

If you enjoy our post, feel free to subscribes to our rss feeds

I have just set up this blog on this new site and some of my older blogs from wordpress.com didn’t appear complete. I will have to take some time to repost them in the right order.
Meanwhile, the market took a retreat up and I closed out MCHP for a $46 loss as my reason for [...]

If you enjoy our post, feel free to subscribes to our rss feeds

ESRX looked good and I traded a Bear Call for 1.00 credit late yesterday.
24-Jun ESRX 2 BEAR CALL 65 - 70 JUL 1.00.
Latest update, MHCP is getting into congestion area and it cannot break free to the downside, I will consider to close out the trade but we may see market trying to pullback before another attempt to move down. [...]

If you enjoy our post, feel free to subscribes to our rss feeds

The market made a rebound and I took the opportunity to close out some positions.
6/19 Close out 2 WMB Jul 08 40 Call @ 1.15
6/19 Close out 1 UPS Jul 08 70 put @ 3.75
6/14 Close out 1 UPS Jul 08 70 put @ 3.30
WMB reversed as I had rightly expected after [...]

If you enjoy our post, feel free to subscribes to our rss feeds