There was a big sell off this morning on LOWS. My put position finally turned positive. Out of fear that it might bounce back, half position was closed at small gain. Yet, looking at the daily chart, it’s likely that it may test 50 SMA. It’s still closed lower than the open. The greedy side of me decided to keep the rest of the position. In hindsight, keeping 1/3 position might be better idea or taking the profit by closing the position entirely. Let’s see how it goes tomorrow.
Long GSF May 20C; added SLB May 40P.
OAKMX: it’s still in the short-term uptrend since its breakout of long-term downtrend. Resistence at 31.55.
LSCRX: it’s right at resistence and overbought condition.