Oct
12
Sometimes the market surprises you, but as predicted, it looks like today will be a slow day and it seems that yet again ES will not break from its overnight range.
I’m not doing much today. I’m trading flat and just working on some picks from my watchlist. I added VVUS, SVA and BCRX this morning. These are all small positions in very highly volatile stocks. I wanted LCRD but it got away from me and I didn’t chase it.
I did short SPY in the pre-market at $107.95. I’m still in that position. I’ll likely close it out at the close assuming that the market doesn’t breakout of its overnight range causing a stop out before the close.
More on this topic
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How to Profit From Volatility Through One Simple Investment
(Investment U, 1/19/10)
Why Volatility Equals Profits for Small-Cap Stocks
(Contrarian Profits, 9/26/09)
Some thoughts on trading long puts
(Geographic Independence, 10/20/09)
Volatility Tracker: Overpaying for Options
(Condor Options, 9/28/09)
