Friday, June 27, 2008

SOLD yesterdays positions...

Woke up 330am HST... and quickly did the following...

SOLD my puts in QQQQ and calls in SDS...
i figured there would be a bounce later in the session. i then went to sleep...

Woke up 730am HST...
RIMM
the nice surprise was july100put at 100% gain @3:30am... BUT BROKE ONE OF MY RULES! Like a dummy i held it... so sold it break even 7:30am...(which was smart). i then re-entered with:
bought july95puts (which i failed to remove on my order, i could have got a cheaper limit, but got distracted looking at Coal) - i think it will be awhile before it goes double digits, so i am counting it a loss.

Held Red Hat jan12.5put... potential there
Held Palm aug5put... it was dirt cheap, couldnt resist.

BOUGHT USO July111call (7:30am HST)
-failed to add MORE to that USO position due to an error in my brokerage account. in any case i will have something on the side for Monday.

I briefly looked at PCX & HK. But i got locked out of my account... i will have to wait til monday. PCX is looking mighty good... if it crosses 165, the basic chart reader will need it to base out first before jumping in. On the other hand if it broke out HARD and kept its base... by all means be safe and do an ITM call.

Anyway, the disciplined trading has payed off thus far.
USO is the only definite position i have confidence in... Coal as well, but i dont own any of it. I will be content with the minor gains on a day that could have gone bad.

i am watching PCLN quite closely - it is too tied with Airlines not to look at...

July 3... 7/3... 3rd of July...

1 comment:

Gio said...

Dude, OptionsAddict stole my post!! "CnbC as a contrarian indicator". Punk. Lol.