Tuesday, August 11, 2009

Tuesday update




Sold out of the LDK calls @ .40 from .55 (-.15)
Stopped out of the DRI puts @ .20 from .35 (-.15)

Bought JPM puts yesterday 40's @ .30. Were up to .75 today. Closed .60. (+.30)
Bought YHOO puts yesterday @ .60 (14's). Were up to .79 but closed @ .70. (+.10)

Holding BWLD puts sept 35's are @ breakeven and aug 35's are @ .10 down just a bit.

Overall, everything going as planned. Playing for a big break in the markets this week and going forward. Weakness to persist through sept with a bounce @ the end of the month. Then a steep fall around Sept. 11.

No comments: