Tuesday, August 4, 2009

Na na na na, hey hey hey, Goodbye.

Bet here is that we don't stay long above 1000 SPX. AAPL looks vulnerable, and volatility is cheap. SEP options usually a great value, and now is the time. QQQQ 40 puts @ 1.40 also a good play. Remember, to define your risk, and let the trade develop. Stay small, and let your winners run.

A lot of cash mergers announced recently. Good place to put some of that hard earned trading money to rest.