dvolatility pointed out that someone picked up a large lot of XHB Mar 09 12 Calls. This is an example of why it pays to follow the leader. Pretty sure they were bought because they hit the offer at the open. 10k bought at .7 10k bought at .77 Total Basis: 147k Current Value: 1.15
Much to upsidetrader's chagrin, Bank of America has hired on this guy: I guess that means it's time to rally.
This is trade 2/3 on AAPL that I'm going to give out. This one is catered to a much longer timeframe so you should consider this trade in AAPL more of an investment than a trade. There is much downside delta risk but it's similar to stock. Here's the trade: Sell AAPL Jan 10 120
I mentioned yesterday on stocktwits that I was going to be covering 3 possiblities for the dead-steve-jobs trade. Currently the stock is off 5.5% and looks like it could be heading lower. The markets are broken and the internals are currently weak, so be careful. These are countetrend plays so manage risk accordingly. Here's the
This one is a pretty decent setup to trade to the long side, provided the price comes back to support. See chart: The highlighted area is where price stayed at for a significant period of time. If the price ever comes back to that level, we should see some form of support. The one problem
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