Showing posts from May, 2005

XLF out

Looks set to close at a new near term high and above its 50-day MA. Further upside likely at this stage in a run to $30 resistance. In: $1.75 Out: $1.05

SIRI gone

Looks like the gap down doji and subsequent rally has created a bear trap. Dumped the put position and will wait to see what happens here. Nice day in the market so far - volume in the last couple of hours will be key. In: $0.75 Out: $0.70

MLNM Out $2.20

Sold the calls - the gap down then today's confirmation of the gap looks like a reason to see further downside. Not impressive returns. In $1.95 Out $2.20


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