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8-Call

Posted on Friday, July 25, 2008 at 09:05AM by Registered CommenterOption Addict | Comments Loading...

Crude lower, market higher.

I talked about buying some more calls, and going delta positive on Wednesday, which I did. The result is a shot of 8 calls chased with a line of 7 puts. My 55/45 split held up reasonably well through a -280 day yesterday, in which I am well pleased. Here is where I stand...

Long: CELG, DKS, WBD, NUVA, RGLD, FCN, UA, IBKR

Short: TSL, DECK, ENER, TRMB, GIFI, SPWR, ICE

I see a couple re-tests hapening in TSL, ENER, TRMB, GIFI, and ICE. These offer great entry points, if you see what I see.

I am keeping a short leash on WBD and cut loose my reduced positions in ACI and IBKR this morning.

I have a couple projects I will be working on today, but will be hovering around as usual.

OA

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