Being a little long in the index funds. Took a beating today, but I made a good decision and did not put alot of money on the line. So the loss was small, although large for the position size. If I had put on a big position it would’ve hurt like drinking milk with tacos.

LMT - which was on my list last night had a huge pop this morning and ended up finishing up 3.8%, however it was up over 7% earlier in the day. With this tape though what could be up?

CHKP - I made a good trade there and captured 46%. However, as usual I sell early. I had the opportunity to nail 100% when CHKP was up as much as 9% intraday. CHKP closed up 7% in the worst tape in a long time. Congratufooklations to me.

GROW - Why did I get into this stock…with options no less? They are getting hit hard. GROW down 5.2% today.

I still have LVLT, MDT, BZH, and KBH call options. They are all doing crappy, but that one big hit I got in the NDX calls makes up for all this expiring worthless.

RUT calls - I tried my hand at buying some RUT calls intraday, you can see what I was doing via the chart below. I sold at the trendline break because according to what I look at, the market should have rallied by that time. It didn’t and trendlines we’re broken across all indexes on that 5min bar. That was a sell signal. Next time around I hope I’m smart enough to sell the call or buy the put at that point.

I’m going to look to buy calls again tomorrow morning if we open weak.

Thanks for reading

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