4/2 – Light Volume POP. did u see BIDU?

The market came back from the weekend up. Mutual Funds are putting their new monies to work, and cash is freed up from the big institutions after expiration friday.


The market came back from the weekend up. Mutual Funds are putting their new monies to work, and cash is freed up from the big institutions after expiration friday.
I have sort of a mixed bag today.
BUD – sold 1 unit for 100% profit @ .25. I still have 1 unit on.
BIDU – Wow, this thing found open space back around 158. I would have sold on Friday if I was around. Unfortunately my calendars are under water. I am selling them for a loss. Oh well. I was wrong. I sold my 155p calendar for a 40% loss.
CLF – I sold 1 unit of my butterfly for a small profit. I am holding onto 1 for awhile longer. Underlying is up powerfully.
IWM – I am looking for a bearish play, as IWM advances on lower volume.
CREE remains good.
WWY – I bought 1 unit on friday. Aug/Sept 55p Calendar for .25. It has moved out nicely.
RACK – looks good. spread is widening

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