for anyone that has been amassing stocks Friday's instructions were to sell calls on the brally in the Front month and take in approx enough premium to cover a 10% coreection
the august 37 were available to be sold at 3.80 but if you were a little slow on the uptake
3.60 for sure. Now X looks a dollar lower on the open if you did not sell your calls in your respective stocks chances are you are feeling a little naseuous . And not all that inclined to trade these swings and they really bcan and should be traded.
If you did sell than some cold calculating decisions can be derived and some buying for a trade
might make sense the futures are coming of the lows these are psychology rallies we some real data and I will update as it breaks with a comment on the bullish or bearish nature of said news.
the protection advice was solid I hope members took heed with the pop in volatility plus the
greed rally there were nice prices in equity options and although we recommended put buying in RIMM because the fall from the top was so threatening Call selling was the better move and
should have traders unfrozen. There is a Steel report out on Bloomberg XM I will try to follow that as well.
Natty got down to 3.875 we have issued a buy at 3.665 but may buy in on the next dip
Natty we believe long term bullish
and drop an email chrgr06@yahoo.com to schedule
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