Thursday, July 28, 2011

July 28th, 2011 Relief

Lucky we did see an early morning bounce, which saved my calls.

I bought some calls sequentially when the market was down to close yesterday. My average for the Sep 129 calls is 5.06. I sold them today from 11:15am squentially up to 5.24. Even though not much profit, it did save my yesterday loss a lot.

The TICK bounced from -1000 to -356. When another TICK close at -700 to -800 area, it is going to be another long opportunity. Will it happen when we touch 200MA? I guess very likely.

Currently I am having 3 Sep 133 put positions. Two from 1310, the other from 1301. They should give me some gains tomorrow. Bless.

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