Wednesday, July 23, 2008

Bull Rally... Specific Bear...

So, as Oil is dropping like a rock, it is a good time to go long on any leader that benefits from an oil drop.

Bull/calls: Airlines, Tech (namely AAPL)
Bears/puts: USO or DUG calls, specific Hotel (namely HOT)

-AAPL will be in rally mode for some time. Call A.S.A.P.
-USO will drop as long as there is no disruption in the middle east/hurricanes.
-HOT will drop, but i will lower my risk with a longer put into November. Patience, for now it is in rally mode...i will fire against this with some puts but not as strong i would have a few days ago

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