Thursday, August 4, 2011

What we are watching...

First looking for some sign of a bottom.  All three indexes break through the neckline and over 7B in volume on the DOW today with signs of selling to continue.

Possbily looking at 10500.

RAX--looking at 40 Calls
ARA-- buy outright at these prices
TNK--dividend at 16% now, still some issues across the oil shipping industry
CAT--100 Calls
GOOG--600 Calls
VMW--100 Calls
SIRI--2 LEAPS
DIA--100s
AAPL--450 and 500s 500s break below 4...
FTR--Great dividend and upgrade--buy outright at these prices

Shorting the indexes DIA 100 PUTS

Lot's going on.  This activity looks just like 2008!

Happy Trading...

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