Tuesday, June 20, 2006

Update

As per typical the Friday Option and Future expiration where shaking off weak hands, although some issues were down on Monday (people selling assigned stocks). The GS puts ended in the money and I'm now long common at a comfortable level. Today bidding on LUPE, NNb and the NQ future, but market took off after orders where put in. I'm looking to play the widening disconnect between Crude (that has stayed strong all the way through this market meltdown) and Oil service stock through ^XOI call options as the time has come to be more aggressive. However I prefer to bid when prices are down on the day.

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