$2billions from BAC didn’t help CFC much (neither it helped BAC). Both are falling, and therefore watch-out for CFC.
$19 is seemingly quite strong support and then $18 (the price for BAC). It might be potential intra-day bearish position but keep very tight entry/exit should you decide to play this.
Profitable trading, OP
An excellent post from Adam on what he calls The Bernanke Short Options Squeeze. Don’t miss it.
BSC is another one breaking the $115 support (allow roughly $1 tolerance to see “stop loss” massacre) and if falls below 114, chances are to make good sum during intraday trading. Trade tight.
Profitable trading, OP
CFC is moving lower and I am looking for a quick directional trades to benefit from the move. Do remember though 20.35/20 is a support area and it may see a temporary bounce.
Profitable trading, OP
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This was a very quick intraday trade to benefit from ISRG’s fall when it hit $194. Bot Aug 170 put for $1.15 and sold for $1.75 generating = $0.60/1.15 = 52% profit per spread.
Profitable trading, OP
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I may play RIMM intraday if it is able to cross $197, but that’ going to be purely speculative to take adavantage via positive delta vs Theta, example will be either a bullish calendar or bull put spread.
BEAS is the one I highlighted y’day due to its unusal volumes. Well, I am pretty well up since y’day and the volume is quite high even today. Check out-Aug 15 calls, over 20K contracts have exchanged hands in less than 45mins of trading.
Profitable trading, OP
Goog gapped up and seems to be breaking out of the $526-$527 resistance area. Right after gapping up and then moving up to $530.58 it started to drfit lower. From a intarday trading perspective I shall be looking for bullish spread if google managed to cross $531. The comforting thing was google’s closing in higher tertile on strong volume on last Friday closing. The markets are weak currently and may pose a little bit of resistance. It seemed like a coiled spring that is pressured by the market weakness.