Fed next move

I think there is a good chance the rate cuts are DONE. I think the next move by the FED will be a 1/4 point rise in the interest rates.

Trade Update: X $165 calls

Selling here at $9. Price for me was $5.20.

80% return in one day sweet.


ONLY WINNERS HERE.!!!!!!!!!!!!!!!

ENER $45 CALLS UPDATE

These might open at around $9.50 this morning. I will be selling there on the gap up.

Purchased @ $3.60 yesterday. Only a 165% gain in one day


ONLY WINNERS HERE!!!!!

Potential Plays

I have been talking about X( US Steel) for the past two weeks. I think this stock has more to run. One other in the group I like is JOYG, currently trading at 79.96 I think it is a good 10 am high play, so watch for this one today and tomorrow.
Keep your eyes open on the Agro stocks, POT, AGU, MON, MOS as I think they as ready again to assault their high, lets see.

Have a good trading day

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.

ENER $45 calls-

Traded as low as $3 at open. I got in at $3.60, now trading at $6.10

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..