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Monday 1.7 - sell the rally

This is a quick post before skiing.

Sold CHL Jun 90-115c into the rally for 5.80.
Sold DLB Mar 45/55c for 4.

Nice but small profits into a counter trend rally.

I still have exposure to the upside in case of rally in the form of bullish calendars.

DSL is working beautifully to the downside. Off 10% on the day.
PPG broke support for my 65-60p spread, looking to exit on another break
FNM - initiated short @ 33.5 with Mar 30/22.5p
COH - Mar 35/27.5 is working well, now in a positive theta decay situation
AIG - just about earning a double.
QQQQ - Mar 48/53c for 1.99 @ 47.95 and 1.91 @ 47.55. There was a double bottom during the day. I am looking for a short term bounce

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This page contains a single entry from the blog posted on January 7, 2008 8:38 AM.

The previous post in this blog was Jan 6 - one of the best days so far.

The next post in this blog is 1.8.08 - Volatile to say the least.

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