Tuesday, October 5, 2010

10/5 Daily Summary

We’re acting like a bull in the china shop, -1.25 st deviation Yesterday, over 3 standard deviation Today on the opposite direction, ouch! I’m glad I started moving my short calls away Yesterday, now, I certainly can’t afford to leave these other short calls too close to the fire, if we keep trading higher Tomorrow I must hedge and get out of the way, last thing I need is a fast moving train flying higher with just a few days before expiration. So, I’m back underwater, not by a lot, yet underwater, this has been a rough month for sure.

No comments: