Should be fun. 7PM Est on Ustream Click here to go to the ustream channel
Came down to a support area, if it breaks it's good for a short play. I'm currently long as the risk/reward is ideal for my tastes, but my exposure's lower due to market weakness and it being a countertrend play.
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