Monday, November 3, 2008

10/29 - 10/31 Day/swingtrades

I haven't made too many daytrades over the past few days. Friday, I took minor (0.25-0.50) losses on AAPL and MS before they broke out. I've been trying to outsmart the market and playing the stops too tight. I did have some swings that worked out pretty well:

LVS - Casinos have rallied pretty well the past few days. I picked up some Nov 12.5 Call w/ stock at $9.50 on Wednesday. Friday, I daytraded shares as the opening range high (12.00) was taken out. I sold the shares @ 14.50 but am still holding the Calls.

UYG - The financials aren't rebounding as quickly as the rest of the sectors, especially with GS stuck in a rut. However, if we've seen a temporary bottom, the think there will be $2-3 upside from here. I picked up some Nov 8 Calls and shares w/ stock around $9.40 - 9.60.

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