It's QUEEN'S DAY in Amsterday City, Jrgen...
The streets are thick with people; raining Belgian Beer here.
Did you see GE down there ? I missed it completely; oh man I wanted to reload GE LEAPS, but I missed it. Got some UTX, which is a tough old turtle, man.
Out UTYTB UTY.X Utility Index Sep 310 CALLs @ 16-1/2, +2. DUK is the freight train locomotive in that sector; check out his F/A, TB. In XSQLM CTXS Dec 65 CALLs @ 10-7/8 - heard their cash flow is now guaranteed by Ms.Softie; anyway a pretty (and rare) Doji Hammer surrounded by Doji Stars FRI-MON-TUE. Far out.
Still holding BTKAP BTK.X BioTech Index JAN99 180 CALLs at-the-money. AMGN popped out of his box. CNTO drove through his options boundary from 39 to 43, but I felt safer in oil because crude oil futures were moving a session ahead of XOI.X and OSX. The BioTechs are tricky, Jri - like the SOX.
CL98M Crude oil futures bounced off of $15/bbl and rallied in Session II +$0.50 to $15.50 - Why is oil bouncing around, anyway ?
Really stupendous capital flow into bondz - what a one-day drop in TYX ! The JY98Z Yen futures dropped too, Gersh - EWJ Japan WEBS opened gap-up from the hammer and went pop into a Doji at the upper DownTrend Line of its channel. Happy May Day, Asia.
-Steve |
