I talked about it yesterday that I was going to buy weakness this morning. If we opened weak and I started to see signs of “oversoldness” I would attempt to buy that.
Bought some November IWM 79 calls. They have 1 day to till expiration. I just like the R2R ratio on this.
I’m fading the gap [...]

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Dumped the CSCO calls I bought yesterday for 19%. This was a risky trade with 4 days left till expiration, but I liked what I was seeing in the chart yesterday and was confident that 30 would be hit.

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I sold my QQQQ calls for a 39.5% gain. I think at 2.07. I also bought QLD yesterday that I failed to mention. I sold that for a pittance of 1.5%. I bought it wrong.

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Looks like my SNDK purchase yesterday might pop today.
Citi Investment Research reiterated “Buy” ratings on industry leader Intel Corp., Germany’s Infineon Technologies AG, communications chip maker Broadcom Corp. and flash memory maker SanDisk Corp., among others.
http://biz.yahoo.com/ap/071112/semiconductors_sector_snap.html?.v=1
I’m going to need more than the 1.73% pre-market bounce though.
AMTD is popping 5.6% pre-market and the ask is at [...]

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Bought some AMTD December 20 call options.

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Bought the SNDK Dec 42.5 calls for 1.35.

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Speculating again on the back of the big bounce in the markets.
Bought Yahoo calls. November 30 calls for .21 cents.
YHOO DON’T FAIL ME NOW!

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Taking a chance with the big volume in the Nov 35s as well as the Dec 35s.
Too much volatility going on. CSCO better crush numbers.

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SPLS popping 3.6% on no news. My calls are breakeven, but this action is very positive. When does Staples ever pop this much?

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It looks like the report was good. I bought more ATVI Dec 25s right before the close for a higher price, .90, than my first buy at .85. I knew they would beat, but I don’t know how the market is going to react when the tape is this shitty. We’ll see what happens when [...]

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ATVI - Activision reports today after the close. I noticed the volume in the Dec 25s was rather large today. I followed in. Activision is releasing that latest game in their best franchise - Call of Duty 4 Modern Warfare. I just a preview for this game last night when I saw Michael Clayton - [...]

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USU calls are doing well this morning up 50% - take that AXP trade. I bought some out of the money calls in SPLS a few minutes ago. The Dec 25s for .20. Its a contrarian play that has nothing to do with this article.

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Happy November!
Being long sucked. The market was relentless. The RUT was down 3.93% double it and its close to 8% loss for the 2x funds.  Nasdaq held up relatively well in comparison to every other index. SPX nosedived as well as the Dow. I have a feeling todays action is the real move, but just [...]

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Sold AXP calls for a 53% loss. Nov out of the money options getting killed around the horn today and I don’t know if AXP will bounce enough before time decay kills em. These calls will decay fast if AXP can’t bounce even a little bit in the next few days. Taking the leftover money [...]

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Sold PZE for 6.3% gain. I bought in a different account CBST calls. Nov 25s UTUKE.

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