GM – can’t fight the big market though, let it run up then maybe the $37.50 puts.
DIA note – this is why we stop out of mattress plays! Thank goodness I did what I said I would do yesterday – now I just have the Aug $136 puts and I will likely roll them up on today’s excitement so I’ll be right back where we started but with lots more cash. On the plus side, the DIA Aug $138 calls were a hedge against exactly what is happening now but I’ll be rolling those to $139s or $140s, depending on where the music stops. XXX
Q’s are slow going so far and GOOG wierdly dead. YHOO dead as usual…
Dragon – which one – OIH? I’m not short yet, waiting for SLB to give me a turn signal.
SBUX going down no matter what.
MCD has got me puzzled. Going to initiate Sept $52.50s at $1.30 XXX
Thank goodness I have Aug oil puts because my Julys would have been smoked! Still hurts though…
My poor DIA July $135 putter is getting killed but I’m not sure how much further up we can go (near 13,700) so I’m starting a roll of the DIAs here – just in case. Gold punched right through and this is record territory for the Dow but I’m not seeing enough confirming action from its buddies and I don’t see the Transports holding 3K with oil up here.
AMZN in kick-ass mode. CROX not. WFR taking off.
OIH – $3 seemed to be the right price to sell the $180s – will DD if it goes to $5.
BOT still flying – someone thinks another bid is coming. They are a tempting short here, maybe Sept/July $230 puts for a $5 debit.