With the saber rattling dropping in favor of actual action the North Koreans lobbed several mortar shells at a small military island, there were two casualties from the South and it sounds like considerable more in the North. I'm the South has been itching to have some response every since the loss of the naval boat several months ago; and it appears that they did. We can just hope this simmers down for the sake of millions on the Korean peninsula.
In the market this should be a down day despite HP having a very nice surprise on the upside. I'm looking to re-buy options on TCK, I printed 18.40 on my JAN 32 yesterday. I'm looking for a in the money 40 call for March, and if its a big drop today I'll look for a high percentage drop on TCK or ANR for January calls just in the money. These we are looking to flip in a day or two and hopefully move ~10%
In other moves I'm looking fairly quiet, the holdings of DGIT are too heavy but I need it to move up and I have time. IO is fluctuating pretty regularly between 6-6.50 but I have yet to take advantage of that. NUAN continues to plod along but I still have confidence in the technology.
I will continue to watch HRBN but right now I'm a watcher and not a serious one at that. Samsung might be an interesting play (but risky) in light of the war games.
Any thoughts? and good luck!
***Update
Got back in TCK with some DEC 46 options. Someone is betting on some really big news in December as the 55 Call options (currently Waaaaay out of the money) have an extremely large amount invested. Here is the Option Pain chart (Disclaimer taken from www.optionpain.com) Based on this someone may believe TCK will make a move on troubled Massey. The move would make sense and diversify TCK's coal holdings. I may look to add to in the money calls to limit my risk, but still able to benefit on a sudden move.
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