Thursday, September 4, 2008

9/4 Day/Swingtrades

Nice bloodbath in the streets today. I stayed with tech and pulled the trigger on BIDU & GOOG.

BIDU - Nice downtrend the last few days. I sold a bit early.
Bought @ 284.00, Pyramid @ 279.80
Sold @ 274.50
Profit - $7.00 on Puts




GOOG - This opened below support at 260.00. I picked up the puts a bit earlier but after tagging the moving averages, it came back down.
Bought @ 460.24
Sold @ 450.50
Profit - $10.00 on Puts



Swings:
VPHM - Stopped out for $0.30 loss on Sep 15 Calls
ICE - Sold @ 93.50, Profit - $2.00 on calls
ABK - still holding
WM - still holding
CLR - picked up a few calls @ 41.87 as it bounced off support around 41.00
DO - picked up a few calls @ 102.88 as it traded back above the moving averages on the 30-min chart
POT - picked up a few calls @ 150.22...looks to be reversing on 30-min chart.
UNG - picked up a few calls @ 33.84 as it showed strength late in the day.

No comments: