Tuesday, November 30, 2010

Triptoefanning!

Ok, I made that word up. Just some quick notes here, Last Wednesday we (hopefully) printed 2.60~ for our TCK DEC 18 options. We then could have bought back in Friday or Monday morning at under 1.6! If you did that congratulations; I will be holding through tomorrow, as the market is due for a nice bullish day and TCK has been treading nicely for the last two days. The holdings in the mine that NG has with NG looking to be bought are probably lending to the speculation.

JNJ has been having a rough time recently but based on todays action it looks like a lower foothold has been grabbed, I'm looking for it to move back up to 64 in the next week or so. As a result I'll be looking to play that as current mid/deep money options are trading with almost zero premium.

Thats about it! Sorry for the lateness of this post I'll try and get back to posting before the open tomorrow. Hope everyone had a great Thanksgiving holiday- welcome back to work =P

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