LOW is at its support area. I expect some bounce and may open a small long position on the Sep 50 Calls.
Tag Archives: Support
LOW
LOW is at its support area. I expect some bounce and may open a small long position on the Sep 50 Calls.
IBM
IBM has been declining for a while. It is showing a bounce around 84, which may become the support. We shall watch it closely. The big support is at 80.
IBM
IBM has been declining for a while. It is showing a bounce around 84, which may become the support. We shall watch it closely. The big support is at 80.
QQQ and RHAT
I closed QQQ Jul 36 Puts at 0.65 for a small profit as it gapped down today. The volume was about average. No panic selling. Holding ATM/OTM front-month puts won’t make too much sense when approaching expiration.
I also closed Jul 20 Puts at 0.50 at breakeven point. I still keep Aug 22.5 Puts as RHAT may retest critical support at 20. As it’s in oversold condition, buying interests are plenty as seen when it was bouncing back from the gap down.