Monday, July 11, 2011

SIRI is moving on volatility

I sold my $2 Sept Calls today.  Sorry wanted to buy a new Android tablet and couldn't wait even though with them holding at .34 after touching .39 a penny away from my standing sell-to-close price .  So volatility is locked in now on anticipation they will most likely make a good move forward through July...

As I haven't said in a while, you don't go broke taking a profit.  I saw this mornings run-up and got out at .37...

After the earnings report run and assured pullback let's go into the 2 or 2.50 LEAPS!

Happy Trading...

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