Thursday, July 31, 2008

7/31 - Daytrades - MOS, BUCY

MOS - nothing exciting here. I missed the entry at 126.00 yesterday so tried to establish a position today as it traded back down. I was stopped out in the last hour with the entire market tanking.
Bought @ 126.70, Aug 100 Calls
Stop @ 125.90, moved to 126.40 as market weakened
Sold @ 126.40
Loss - $0.50 on Calls

BUCY - I put BUCY on the watchlist last night as the daily chart looked very extended ($15 in 4 days). With energy/commodities weak today, I entered as the stock took out the opening range low.

Bought @ 73.44, Aug 85 Puts
Stop @ 74.50
Sold @ 71.05
Profit - $2.00 on Calls



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