Tuesday, July 8, 2008

Whew

Well, Sold DIA puts early in the session. 5% loss. I learned from USO yesterday to sell close to break even if the trend is broken.

Looked to buy OIH puts but didnt...
Bought DUG Aug35call (maybe bought too early)
Still holding: PCLN july100put, RIMM july100put (probably zero out), IYR sept58put, RHT jan12.5put

The rest is in cash...

I really dont know if energy gets a massive bounce, but it is certainly possible. That includes Oil, however breaking <$140 is a psychological barrier...

Anyway, i have little confidence in this market even tho for now it is green. i may buy at sessions end...
btw, wish i bought them VMW puts - talk about a payday.

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