Futures are flat, despite…
- …oil hitting true record highs
- …Intel lowering profit margin guidance (mainly due to NAND flash),
- …atrocious sales numbers for trucks & SUVs.
Perhaps indicative of a bounce, one of the dead-cat variety. In light of that, I’m looking at potential calls in [[ALK]], [[AUXL]], [[BWLD]], [[DRYS]], [[GME]], [[ITC]], [[MON]]. Some of these probably won’t play nice with high oil prices… I like BWLD the best:
UPDATE: Apparently it was way too late at night when I made this post. So disregard all the long picks. (Although futures were indeed flat at one point – when everybody else was sleeping!) As RC points it out, we’re racing to Zero. Short [[BIDU]] & [[BWLD]].
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Finally someone that trades options. Look forward to your posts.
I have been wanting to grab some DRYS calls, but I can’t decide how far out to go.
Futures aren’t flat anymore, they are way down.
What a difference 6 hours makes! Seems like everybody finally read the news.
Note: I took the opposite trade on BWLD (Mar08 25. Puts).
your header is definitely badass.
i’m killing it on LEH (april $50 puts) and BSC (april $75 puts)
I’ll be looking to join you on some of your options plays
Credit goes to Jeremy on the header.
Tough to wrong yet today (so far). Just sell it all. BIDU is wavering a bit though…
What is it with Yahoo! the last couple days?? Yesterday they missed key bits of news (links) and today they had a market data outage for like an hour??!