Day's action
BTC HUM 50/55 bear call @ 1.55
BTC SUN 70/75 bear call @ 1.55
BTC ATI 70/75 bear call @0.90
STO NTRI Jun 60/65 put @1.60
Have a feeling the market might bounce over the next couple of days so thought I'd rebalance things a little.
Took profits on ATI as it tested support. Won't say no to 50% on a 2 day hold.
Closed HUM for a small loss as it tested support with a spinning top on falling volume.
Haven't been getting a good read on the oil stocks lately, and with OIH forming a doji I felt this downward move had come to a premature close.
Looking for a bullish position to cash in on a potential market bounce and came across NTRI, stuck in a narrow trading range with strong support at 65. Opened this one just before the close as the price edged above support. Intended as a short-term trade, if we get to 70 within the next couple of days, will close for 50-60% of max profits.
SHLD (my largest position) has me a little concerned. Late surge from the bulls crashed through intraday resistance and took it up to 161.53. Looking very strong. Breakeven at expiry is 162, and anything could happen over the next 10 days.
