Better than expected unemployment claims are adding fear to faster taper & stronger jobs report. Indices are lower.
S&P 500 @ 1832.37, low 1830.38
Internals are negative
Oil Down 75 cents
Gold UP $2.40
Canadian $ Down 49 tick @ 91.89..lowest level in 3.5 years
VIX UP 2.95% @ 13.25
Portfolio JKS KOG SINA AUY LULU option
Most stocks are down
@ 2.10 following are green :
LNKD M LUV CMG MA YNDX FSLR C
PANW GG JCP....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteYou might find this interesting...bought some AAPL 575 Jan 24 weekly calls for $1.26. I'm working on the thesis of a great earnings report that could drive the stock up 10%. If the stock hits $600, that's an ~20x gain.
Stocktrader
Hey Saleem,
ReplyDeleteDeleted a duplicate post I made. Also, did that weekly call option in the trading account to clarify.
Stocktrader
Hi Stocktrader,
ReplyDeleteGood luck with AAPL weekly...$599 looks doable...
Saleem
Hey Saleem,
ReplyDeleteI ended up not buying X or FCX because I feared AA's report. So far that seems wise.
Take a look at SHLD after hours. It was featured on Fast Money as a possible best short of the year. That's already looking spectacular.
Stocktrader
Hi Stocktrader,
ReplyDeleteWOW....what a plunge in SHLD....target is $20 in stockchart....PUT is the way to go....
PS..i removed your deleted post.
Saleem
Hey Saleem,
ReplyDeleteI might have done some puts but they are really expensive due to the short being a hard borrow. I actually looked at some of the Jun 20.42s for $0.80 when the Fast Money thing was on TV as kind of a bankruptcy trade, but I knew I'd never last that long in my trading account!
Stocktrader