7/28 - Day/Swingtrades

So much for a bounce in the indexes. Nobody wants to buy anything at this point. I thought SOHU's earnings and guidance were great but it was sold. CF and MOS announced record results with upside guidance and there seems to be muted reaction afterhours. Basically, this is still a daytrader's market...if that opening range does not hold, just go short. There will be plenty of time to re-enter strong companies later. Normally, I'd be trading DITM options at this point. However, there is too much volatility day-to-day so I'm going with at-the-money and out-of-the-money options to help dampen the "noise" until a clearer trend develops

SHLD - I got stopped out of my remaining calls @ $79.50. I still want to re-enter at some point as the Nasdaq shows 60% of the float short on this one.

Bought @ 77.00, Aug 80 Call
Stop @ 76.00, moved to 79.50
Sold 1/2 @ 82.80, sold 1/2 @ 79.50
Profit - $2.30 on 1/2 calls, $0.30 on 1/2 calls
...still holding Aug 85 Calls

BG - I got stopped out @ $98.90 but re-entered 10 minutes later as it traded back up. CF and MOS announced great earnings but so did SOHU. If BG doesn't pop in the AM, I'm out.

Bought @ 97.00, Aug 95 Calls
Stop @ 96.00, moved to 98.90
Sold 1/2 @ 100.16, Sold 1/2 @ 98.90
Profit - $1.80 on 1/2 calls, $0.70 on 1/2 calls
Re-entered @ 99.17, Aug 95 Calls

SINA - I tried swinging this one as a sympathy play to SOHU. Obviously, the market was out to punish all the longs today.

Bought @ 46.80, Aug 50 Calls
Stop @ 46.30
Sold @ 46.30
Loss @ $0.30 on Calls

SKF - I took this one at the close as an ONH set-up
Bought @ 43.00, Aug 160 Call