So Bernanke spoke, stated the economy is slowing and employment will slow as well. Of course the markets did not like this only to drop and recover mostly during the day. Greek austerity deal and futures are back up negating today's losses.
Earnings were strong in the after hours as well causing more "what is the market doing" action.
SIRI has held well staying above 2 at the close during all this, good for September options. I am going to start lon the 2 or 2.50 Jan 12 and 13's. We may get a better deal after earnings but this is a good time to start layering into them.
TNK is staying above 9 ago, as expected. Good times for dividends...
C, well not sure in the near term but highly confident in the Jan 13 4 calls we are holding and adding to.
APPL's pullback may present buying opportunity, we royally traded this wrong last year by not following any of our rules, but were able to escape any real damaging by cutting losses and rolling forward in the troubles last August... It may be a good time to look at picking up 350 several months out.
RIMM is quickly approaching 30 bucks again! Did you pick up the 30 Call LEAPS???
Happy Trading...
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