Option Addict | Comments Off | ZZZzzz......
Friday, July 18, 2008 at 08:34AM Things look relatively stable today considering the onslaught of bad earnings reports and forecasts last night. The Nasdaq is obviously taking the worse end of it, but so far we haven't seen a big turn. Keep in mind it is early.
No major rallies in crude yet, which has kept the market is boring territory. The dollar is trading relatively stable at support, and Gold prices are off a few bucks. In short, just another boring options expiration Friday.
I am starting to conduct my weekend research today, as to save a little time, but so far I am impressed with some of the finds out there. I think I am going to have enough ammo to combat anything that surfaces next week, which based on today's stabilization, could point to continuation of this "rally." However, I am a little reluctant to hold too many positions over the weekend, and I have only taken 2 trades this morning; small portions of calls on CVD and puts on ICE. If anything else sparks my interest, I'll let you know via the comments section.
Option Addict | Comments Off | 





