Today’s stupid rally made me feel like I was “missing out” on the bounties of mother market.  I felt like I should buying everything in sight, with both hands, yet I couldn’t/didn’t/wouldn’t due to a combination of work/time/wherewithal. 

But it’s probably for the better.  The end-of-day kick in the bulls’ balls combined with the fishy CPI numbers will probably send this market back down.  Lest we forget, when not trading at $124, oil is still making new highs.

DP Buys:

• Earnings plays enter their last big day with picks in China - (CTRP: 47.94 -2.16%), (YGE: 15.39 -3.93%) - and in financials - (BX: 16.92 +0.65%).  CTRP down 10% AH.  Holla!
• The one bullish play of the day were calls in (AVB: 98.23 +0.12%), and just a small position at that.  Betting on a breakout from the ascending triangle (above $105).

DP Sells:

• (AMAT: 18.36 -0.54%) & (MELI: 30.13 -2.81%) calls from the respective straddles.  Much to my chagrin, neither stock finished anywhere near its lows.
• Solar madness stopped out (LDK: 46.41 -1.88%) puts and closed the earnings strangle for a nice big loss.
• (MER: 24.34 -0.29%) puts stopped out for max. acceptable loss (0/2 with MER this month, both times hitting the m.a.l.).  (DVN: 105.20 +1.35%) calls stopped out for half that on the late day dip.
• Most of the day’s losses were made up by the (LUFK: 91.99 +0.22%) calls.  These also hit a trailing stop late in the day, but still booked a 50% profit. 
  • LUFK is still (tentatively) holding the ~$80 support level, so a show of strength tomorrow could be an opportunity to re-enter this trade.