Tag Archives: Sohu

SOHU

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SOHU closed above the 20SMA in average volume. It looks good to break the resistence at 30.

I will watch it closely this week and plan to close half of the position if it crosses 30 intraday to book some profits in case it pulls back below 30.

The current open interest in Mar 30C is 7,839, which is not very big. I’m not sure how market markers will play near expiration days (roughly two weeks away). For premium sellers, they would love to let Mar 30C expire worthless and they can sell Apr 30 C and 35 C again.

NDX

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As expected NDX retreated right from 20SMA intraday.

Current Position: SUNW: -0.45 (this is the original lot. I have bought more in the range of 5.17-5.45); LFC: +0.16; CHN: +2.11; SOHU Mar 30C: -0.20 (I have closed some bought from 0.65 – 0.9).

NDX

Posted on by

As expected NDX retreated right from 20SMA intraday.

Current Position: SUNW: -0.45 (this is the original lot. I have bought more in the range of 5.17-5.45); LFC: +0.16; CHN: +2.11; SOHU Mar 30C: -0.20 (I have closed some bought from 0.65 – 0.9).

Inflation

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The CPI rise and Japan’s terror alert obviously spooked the market a little.

Curent Position: SUNW: -0.30 (added more); LFC: +0.86; CHN: +2.03; SOHU Mar 30C: -0.10 (added more).