Thursday, May 22, 2008

Position update

AAPL calls: exited half position when it spiked towards 181 in the early going as planned, will keep the remaining half, which I might consider stop-out if it breaks 176 late in the session.

Stalking list:

DRYS: hoping to get in (with calls) as close to 90 as possible, may act near 92.
EXM: looking for calls near 46
RIMM: looking for calls near 125/128
looking for calls near 172
LUK: looking for calls near 51/52

Bulls are trying hard to defend yesterday's lows, I would be very careful on the long side if those lows are taken out in the last hour of the trading session.

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