This OpEx is going to be a very close call with a high likelihood that SPY will stay close to 98 level. It is not going to be easy for a deeper pullback because a lot of idiots out there are buying a lot of puts....even some stocks which are supposed to be bearish have turned neutral.
Good luck with your trading, I don't think I can contribute much if I don't see a trend emerging.
Watchlist:
Longs: RIMM, FSLR
Shorts: RIG, RL
Friday, August 14, 2009
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