DOW has passed 8500 and NASDAQ has passed 1500. We shall see how the market reacts on CSCO earning report (1c over estimate and flat guidence for Q4, traded lower AH).

SOHU closed lower @18.48. Long SOHU May 20 Put. Added GSF May 20 Calls. Shorted MSFT May 25 Calls and Long MSFT June 27.5 Calls.