Monday, May 12, 2008
ENER update
I hope some of you were brave to buy those ENER $45 calls I mentioned this morning. I got then @$3.60 and they closed at $7.00, almost a 100% winner in a day. Lets see what tomorrow brings but if you in the trade you got to manage it yourself. I might be out $7.50-$8 level tomorrow morning if it gaps up.
New Week
Firstly remember that this week is options expiration, which as you all know I love just love.
Talk over the weekend was of the Euro Dollar getting some selling as investors weren't as confident in the EB decision making policies to interest rates.
I personally dont know how this will impact the markets as I really don't see people rallying into the US Dollar under current climate. Maybe they switch over to the Pound or some other european currency.
My two plays for this week are X and ENER.
Good chance I take there long at the open with options. The %170 X call options @ $5 looks decent enough and ENER $45 call options @$3.50 have little premium in them.
Will update after market opens..
Talk over the weekend was of the Euro Dollar getting some selling as investors weren't as confident in the EB decision making policies to interest rates.
I personally dont know how this will impact the markets as I really don't see people rallying into the US Dollar under current climate. Maybe they switch over to the Pound or some other european currency.
My two plays for this week are X and ENER.
Good chance I take there long at the open with options. The %170 X call options @ $5 looks decent enough and ENER $45 call options @$3.50 have little premium in them.
Will update after market opens..
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