The Bears continue to stand... As expected, 15 min into the trading day stocks rally... only to be shot down. I caught the tail end. And got a few puts in...for once not for protection, but for profit.
GOOG: Nov610puts@2.5 and it triggerred wayyyy too early @3.5 and proceeded to gett to 7.5, it was a profit but too low of an exit. it may rally tomorrw. Anyway, 610 is about itʻs 50dayEMA. bummer missed 300+profit right there.
i kept my positions small, in case Big Ben comes to the rescue. iʻm risk managing @ this point after my debacle on going bullish on solar, the day before they tanked. iʻd be sitting 100% profit on my total portfolio had i bot puts instead.
AAPL, RIMM, BIDU all got to their 50d-EMA. So, weʻll see if thereʻs a rally coming by weeks end.