Friday, April 24, 2009

My today's call from yesterday

Please note the following was posted at close of yesterday at someone's blog as comments.

I turned out to be tricked by the mkt in the last hour. My long positions (FAS and URE) got stopped out with only limited gain before mkt flying in the last 30 mins and closed at the high of today, which is exactly what I called from yesterday. Fortunately, I got some XLF call options before it flied, but very small positions.

Tomorrow, I will buy on some decent dips (if there is any, better much lower than today's close), and am expecting mkt to close higher than today's close. If so, I will be out all my longs and switch to open short positions at tomorrow's close. If no dip, don't have to chase high.

If mkt tomorrow closes with loss, I will need to re-consider my thoughts on the markets depending on how low it closes.

1 comment:

  1. I am long XLF $9 CALL that was bought by $1.74. Will out soon, since financial is not moving , even though mkt moves up more than 1%.

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