Thursday, July 10, 2008

I KNEW IT... DONT HAVE TO BE A GENIUS TO FIGURE IT OUT: MAR/HOT and USO/HK(again)

Well MAR dropped as expected, and the sick part is I wasnt part of the put buying. I am not allowing that to happen with regard to HOT which also dropped on MARs earnings and guidance.

Bought
HOT aug30puts@.75. It may at least double in the time prior to earnings on July 24.
MAR aug25puts@1.9 It may be later than expected, but it has more downside DESPITE the chart saying bottom. Either way, why didnt i buy both these puts earlier?

Oh, Oil is oversold mind you. It will get to $140. If it crosses $146 back up your truck...

HK... i wished i kept that call... anyway, i switched out my small CHL put for an HK sept50call.

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