Thanks dabum. I have been MIA for a couple of days because we moved from one home to another. So no TV, internet, work, etc. until this a.m. Moving is a lousy experience but it was refreshing not looking at the tickers all the time either.
The OSX is getting crushed today like it has not in a long time, presently down 4.04%. The NDX is up 29.44 pts., nearly 2%, with AMAT leading the charge on my screen, up a whopping 5.95%. Apple seems to be taking a breather. Those April 55 puts I traded earlier are now bidding 2.40 asking 2.50, a full 1/3 of the earlier value. I also noticed that the folks that bought those couple of thousand out of the money contracts for Apple Dec 60 and 70 made out like bandits. Who would have thunk that they would make 10+ baggers in just a couple of weeks. It certainly seems like they knew something was coming out because of the timing and the size of the trade. I am looking at picking up some CNQ, APA, and even the OIH once this thing settles down a bit. From a contrarian viewpoint, I am looking at PBR and trying to justify why it is trading up when all other energy names are trading down. I bought to close some PFE Dec 030 puts I sold last week for a dollar profit. Nice percentage gain, but just 10 contracts on a conviction that there would have been a bounce like we discussed earlier. Best regards,
Best regards, |
