GM:
Bounced from 50D MA with large candles. I am consedering a Bull Put Spread on this trade.
Sell 27.5P
Buy 25.0P for $80 credit
Money Stop: Loss of $80 (correspond to Tech Stop of $25.8)
FCX
Bounced 200D MA with large candle and more than average volume.
Sell 55P
Buy 50P for $165 credit
Money Stop: $80 which corresponds to technical stop
Technical Stop: $52.50
Diary of My Trades. My tools: Platinum, ThinkorSwim and ProfitSource
Friday, May 26, 2006
Update 1
My SNDK fly was wrong in direction. So I took paper loss and moved on
My GOOG fly is still in the market. The fact that GOOG has not gone back to previous highs may turn out to be good for me as I want this increase to happen around September.
My GOOG fly is still in the market. The fact that GOOG has not gone back to previous highs may turn out to be good for me as I want this increase to happen around September.
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