Wednesday, September 17, 2008

9/17 Day/Swingtrades and...NO Gasparino!!!

That was damn ugly today...if you were on the wrong side of the trade. I was on the wrong side with energy/commodities early on but switched over to financials.

OIH - I thought energy/commodities would close the gap but looks like buyers were waiting until late in the day.
Bought @ 154.90, Sep 150 Calls
Sold @ 154.35
Loss - $0.49 on Calls

X - Same thinking as above
Bought @ 94,78, Sep 100 Calls
Sold @ 90.83
Loss - $0.70 on Calls


GS - I traded the same set-up as yesterday after GS bounced off the moving averages. I'm glad Gasparino didn't get in the way today.

Bought @ 122.00, Sep 130 Puts
Sold @ 102.00
Profit - $17.00 on Puts



SKF - I picked up just a few bucks from 138 to 140.50.
Bought @ 137.80, Sep 100 Calls
Sold @ 140.30
Profit - $2.50 on Calls



UAUA - Sold at the open for $0.30 loss

UNG - Bought Sep 35 Calls at the close

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