6:54 AM
Due to the triple options expiration day tomorrow. The today's market should be calm and quiet. Trading in a narrow range. The pre-market is down, but I still think it should hold up well.
Last night, CMTL had a good earning report. Normally, it drops. But it was higher last night and pre-market. From its chart, it should go up after that and the gap won't get filled for a long time. This time, I think the good news has been leaked. Yesterday it had double average volume. With this hot market, and the stock has some priced in. I believe this gap will get filled very soon unless today's volume close to 2M. So basically towards SELL (tight up the trailing stop by 5 minutes). Again, keep the fund available for CMTL, once it pulls back to its lower bollinger band, double the dose with calls.
Action for today:
No more new position, just trade (buy low and sell high on long side).
Day Trade Apple calls.
Day Trade HOV calls.
8:40 AM
Cover the short position in r2y asap. Luckily it won't lose too much.
12:00 PM
Market is slow, and trades in a narrow range. Covered QQQQ with 2 cents lose. Opened up BIDU put and DELL call. No biggie. Overall, the NAS volume is on average, which signs a healthy market. It is just doing some consolidation right now. Don't hold short position overnight.
2:00 PM
I have confirmly strengthed my belief that the market will go higher. Today, the market is making a candlestick bullish pattern. If it can keep till close, add calls once TAs tells you. Focus on AAPL, GOOG, and BIDU.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment