Oh boy.. could the past week get any wilder? First, Lehman Brothers reportedly will be filing bankruptcy sometime in the next 12 hours due to failed talks between LEH and suitors. The Fed tried to broker a deal between LEH and Bank of America / Barclays, but talks fell through at the end due to [...]
Okay.. my head hurts from today’s action. Luckily, my hedges kicked in. Something tells me Monday’s going to be a big day, one way or another.
Yesterday’s action consisted of 2 contracts sold for a profit of $268. I think the contracts I sold were WFR. Probably. Yeah I’m almost sure.
Today’s action? Well after the wild [...]
Busy weekend this weekend, eh? First on the docket is the financial sector. Lehman this weekend had some sort of secret meeting with its board. Remember the last time a financial met secretly over the weekend (Hint: BSC!)? Over the weekend, LEH has officially removed their COO and CFO and may be in talks to [...]
Short and sweet since I’m feeling a bit under the weather. I need to learn to not leave so much money on the table. It’s frustrating and starting to get on my nerves!
Trades Taken
-1 x JASO June 25 Call
-1 x LVS June 65 Put
1x VLO June 45 Put
Profit / Loss on the Day / Open: [...]
Okay.. someone explain to me what the heck just happened. Here’s a 1 minute chart of the Q’s.
Around 2:30 (yes, that 2:30 reversal period), the Qs and the rest of the market went right down the toilet. I think the bears were mocking the bulls and were loading up just to give them some false [...]