Today, Friday is options ex day, a day that I really hate to trade on...I almost never do options ex days, and if I do it's only a couple of ES trades. A little update...
PALM...what a wild ride...I did cover half my short before they reported...just covered the other half just now..at 13.80 +1.20
FSLR...I may fry in this thing, but I'm gonna hold it over the weekend, I just think there tryin to hold it up so everyone that bought puts is gettin killed.
ABX...covered half my postion at 37 for +2...great trade...gonna let the other half ride over the weekend.
Speaking of a stock that I think is being held down for options ex is MTXX. Everyone and there moms bought calls on this thing...I think there just holding it down so all those calls are out of the money...I just picked up 500 shares at 5.70...this isnt a trade for weak of heart (just like FSLR) as it could crash at any second, but I like the risk reward here, 6.50 target, gonna hold over the weekend.
Well this was a hell of a first week on the blog! Made some good money...I'll be making a big watchlist for next week on Sunday so check back then, Happy Trading!
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