http://investingadventures.com Having Fun with Options Sat, 27 Mar 2010 11:14:42 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://investingadventures.com/2007/10/markets-taking-a-beating.html http://investingadventures.com/2007/10/markets-taking-a-beating.html#comments Tue, 16 Oct 2007 17:53:07 +0000 Jorge http://investingadventures.com/2007/10/markets-taking-a-beating.html For the second straight day, the markets have been taking a beating. My guess is that the sell off is partly to blame on options expiration this week. Financials have been sold off extra hard as a result of Citi’s (C) poor earnings report with profits down about 50+%. Tonight, United Technologies (UTX) will report. My first instinct is that UTX will handily beat out their estimates and perhaps give the Dow a boost tomorrow morning. I just hope we’re selling off because of options this week. We’re back under 14,000 so once things begin to settle down, I’ll be bargain hunting. My portfolio’s taken a sizable hit as well but I’m to blame. Unless you’re the likes of Warren Buffett or Carl Icahn, you’re not Superman.

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