Very busy day; opened quite a few new positions, several of the non-standard variety. Went from 70% cash to 35%.
DP Buys, at the Open:
- Calls in [[CYMI]] – (support @ $26) and [[TTEC]] – (support @ $20.50).
- Puts in [[VPHM]] – (breakdown from downtrend).
- Sold short a straddle in [[TMA]], as highlighted the night before.
- Bought straddles in [[GOOG]] & [[RIMM], expecting large moves due to the payroll report, and the upcoming Fed meeting/rate cut.
- Surprisingly, both of these stayed essentially unchanged in what otherwise was a wild day in the markets. But I have confidence they’ll both be making large moves soon.
DP Buys, Limit Orders:
- Long straddle in [[NG]] as it hit $10. This level has provided support since January. Earnings are to be released this weekend and should provide a $1 move (10%) in either direction. Possibly more, if support is broken.
- [[CPO]] calls at $37.50. Looking for uptrend/asc. triangle to continue.
- Back into [[BIDU]] with some puts at $240. This is where I was originally going to take this trade (at the beginning of the week).
DP Sells:
- CYMI got stopped out on the intra-day 30% trailing stop. Booked a small profit.
- It eventually held support, so may be worth a revisit.
- [[CTRP]] calls stopped out; uptrend did not hold.
- Sold [[APH]] calls at the close as it finished below support.
