The market is gyrating. Some follow through from yesterday. And it is rocking for me.
CREE - Jan/Dec 25p sold 1 u for .15, Sold Jan 30p 2 units for .20 to lock in some $$. It is said that most traders chip away and chip away, but when they look back and see a few trades that made their year.
BWLD - I am looking at a Aug 40c/45c/50c Butterfly. 7:1 reward to risk ration
CLF - Underlying continues to rise
NTES Aug/Sept 20p is widening
IACI is supporting, I would like to see a drop to test lows.
I am looking at a SPY July Butterfly 147/151/155p. bought for 1.55.
CRZO - I added 1 unit to the position for 1.20. Ave price 1.45. The 50MA is @ 41.10. I am anticipating a bounce. However, I will stop out @ .70 for the Oct 50c, or $40 for the underlying.
The Account is looking good right now.
Off to play some golf. Tomorrow I will trade early, then I am doing an Identity Theft Seminar.
Trading Psychology: this is basic, but pretty good
Enjoy Joe Satriani
