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Strait Trades
Friday, October 24, 2008
Out GM, UAUA
Blessed to be out of UAUA 13's now.
Holding MS just for the heck of it.
Executions today
10/24/2008 09:37 AM $105.00 Sold 1 GMWA@ $1.05 Details
10/24/2008 09:30 AM $322.00 Sold 1 UALWV@ $3.22 Details
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Out YHOO calls @ .68
Out rest of VOXX @ 5.67
Market 983....
Out 1/2 VOXX @ 5.50
Sold SSO, VOXX rockin
2nd daytrade
Added to VOXX
Positions:
Changed my mind on YHOO
YHOO calls up a ton
Closed 2/3 SSO....waiting for GDP
@ the CBOE today
Raped SSO today
Pilots run out of fuel, pray, land near Jesus sign
1 daytrade...only 2 more allowed in rolling 5
Stopped out of SSO
Positions
Picked up SSO and AA calls
Why is PNC using bailout money to buy National City?
MS lower on capital outflows
Market gapping down A/H
1780 to be exact
Account equity: 1700+
Out AA at the close
Looks like it worked out well
Screw it....out of all Puts
Out GM, UAUA
3 AM Friday
OPEC gonna cut
A/H
Targets
Puts up quite a bit
New lows?
Puts worked out well
Picked up UAUA puts $12.5 strike
Account @ $1,400 ALWAYS USE STOPS.....
BP back
GE...
Inflation.....
Sold some stuff
RE: Gapped up Mon +900 overall
Changed my mind BTW :)
Gap up Monday
No trading for a day or 2
7900 enough on the DOW?
lol not even a chance...blew right thru that support
Potential Bottom
RE: SLM toast
Posted this on xTrends last week Fri.....
GM out @ 1.20 yesterday
Stopped out GE option @ .24
Positions
Equity
RE: Buying some NOV puts in BAC tomorrow
$300 day not bad
TOL, GM, DRI shorts
BAC misses...plunges
Picked up the TOL put
Sold all the puts! (picked up a couple)
This matches up with my "mid-week" rally expectati...
Cut coming?
Bottom should be in Mid-next week
Average on C is wrong
~ 200 pt gap down IMO.
Huge sell-off EOD.
Eh alright day.
Out GM @ .42 small loss
Something just hapened with C
Reason for the hedge
Picked up USB $40 as a hedge
Approx 350 in puts 70 in calls as a hedge
Picked up a BAC NOV put as well
Positions:
Closed GE hedge small loss (.43) Opened C
SLM toast
Buying some NOV puts in BAC tomorrow
BAC puts
We could be headed for disaster
At the close. Looking good
Updated positions
Shorted more.
Market down 170 A/H Fed cut? Common......
Slept in today...
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