Oil has FALLEN to $124!  It is now officially cheap!  The recession is over!  Economic recovery, here we come!  Buy buy buy buy!  Thank you.

DP Buys:

• Earnings strangles in (CSIQ: 3.78 -18.00%), (LDK: 9.95 -23.28%), (ZOLT: 5.10 -25.33%).  LDK reported this afternoon…and the prognosis is not so positive for the other solars:  the whole industry is struggling with the soaring cost of polysilicon, which is somewhat crucial for the whole solar deal.
• Limit orders for calls in (ALEX: 0.00 N/A) & (KWK: 4.70 -30.68%) were filled during the day.  Managed to buy KWK right at the day’s high…

DP Sells:

• (AIG: 1.44 -7.69%) puts were stopped out on the morning spike.  Booked an overall profit in the earnings straddle, but it could’ve been quite a bit higher as AIG soon reversed for a 5% drop…
• (CHK: 13.98 -27.56%) looking toppy & showing some weakness…sold remaining calls (1st half was sold last week) to book the best percentage gain of the month so far (167%).  Wasn’t the highest net gain due to the small initial position size.
• Puts in (AMLN: 6.07 -1.14%) & (AMZN: 35.03 -2.26%) stopped out for a small loss & a small gain, respectively.