Might have to be a contrarian here Dennis. I'm looking at the top 10 most active call series, AOL has 3 of them, MAY 140, 145, and 150. Also one on the put side, May130's.
People are looking for another 20pts+ outta AOL in the next 8 trading days. Could happen. I personally see AOL trading down to 100, maybe even 75-80, by June expiry, and will pick my spot when the time is right. Geesh, may even be today.
AMGN is starting to look weak again, I'm still waiting to see if it will hold above 60, a break would probably take it down to fill the gap around 43.
IBM hit my target of 226ish, I feel totally stupid for not playing that one on the long side, I'm too damn focused on the short side. That's just plain wrong. Oh well.
You got a few good trades off yesterday and today, congrats.
Cheers,
D |
