Category Archives: Options
Mixed Day
DOW closed higher @ 9,062.79 with intraday high of 9,215.88 while NASDAQ was trending down all day to 1,627.42 (-18.59).
Gain on shorts and loss on longs.
Long 20 QQQ June 30 Call @.90 over the weekend.
Taking profits
The market went up again. Both NASDAQ and DOW are almost at their 52 week highs. Although it could move higher, there is nothing wrong taking profits here.
Closed IBM, CSCO and LOW positions.
Microsoft CEO sold 39 million shares…
Long MSFT calls: it held right at support level @24 and both BB and stochastic at extremes after a week of selling fuled by rumor of insider selling – it turned out that Steve Ballmer sold 39 million shares.
Long LOW, IBM and CSCO calls: expecting bounce from recent drops.
HPQ and HD induced rally?
HPQ earning should lead market higher tomorrow. HD jumped about 9% contrasted to LOW’s 9% drop yesterday! Little changed on all indexes.
Closed all shorts on LOW, SOHU, CSCO and IBM.
401(k) is 100% in cash now.