Friday, May 15, 2009

5/15 Day/swingtrades

From this morning: Just a quick update...with the news on TARP money, I'm adding the insurers to the watchlist today. There are quite a few strike prices to choose from...PRU, AFL, MET, HIG, ALL, PFG, LNC.

The market makers pretty much owned the tape today. I didn't see any setups I liked with the insurers and the action on the rest of the watchlist was pretty choppy. I got stopped out of chasing MOS May 50 Calls for $0.40 loss and here's a trade I took late in the day on CME for $1.70:

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