Market Curiosity: Exploring Markets And Systems

May 26, 2011

Sold June 35 PCH puts for 0.85 — expecting a bounce. (update 1, June 1) +17%

Filed under: +06 to +25%, Short Puts — Tags: , , — Jeff Fitzmyers @ 1:45 pm

Will cover on any decent bounce.

+ 3 stabs toward 35 with no follow through.
+ Long legged candles.
+ At long term EMA support and daily Bollinger Band support.
– EMA’s are heading down.
+ Weekly and daily CCI’s oversold.
+ Daily CCI crossed upward over weekly CCI.
– Monthly CCI heading down.
– Fair amount of selling volume, but trending down.

June 1: Wish I covered on the large gap up but was not at the computer near the open yesterday. Price “should’t” have gone this much lower so time to get out. +17% — even though the trade happened about 30 cents lower. Will wait for the daily CCI to dip below -100.

Leave a Comment »

No comments yet.

RSS feed for comments on this post.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Blog at

%d bloggers like this: