funny, i'm actually long some APR03 puts as well....but ive really been sweating it out this weekend...best part about it is after following the VIX all weak and the fear momentum i know thursday was gonna be volatility. so i decide to put on a strangle, but like an idiot i tried to leg into. needless to say i was fighting over .05-.10 cents the first 1 hour of trading and never was able to get the calls and the rest as the say is history. learned a major lesson thursday....hopefully i will learn from it
have a little pair on-short WMT long TGT...someone else here was long TGT and i feel for you, TGT has been so DAMN weak recently....
I have been swing trading a ES 65 min chart down channel for quite a while. I am really surprised on how it has been hitting top and bottom. I have been playing it both long and short. I went short early Friday at about $840. I am trading with options to control risk. The market felt really strong Friday AM but I have found that I have always done the best when The market says long but the channel says short. I am able to buy puts at the bid when all the shorts are panicking. I don't fight the river while daytrading but Until this channel is broken I will just do what it tells me for swing trades. We shall see
now that it took out the highs, i expect it to close within yesterdays trading range. most likely above the yesterdays open.
Mea Culpa- I still have all 130k of mine though. I've moved on somewhat. At this point, it will either come out fine (still possible) or be a nice tax loss at year end. I'm giving them 3 more quarters. BTW: I have talked with some middle management lately, they are as upbeat as ever, they continue to find costs to cut, and will be a lean mean company if the economy recovers. Otherwise, they are still breakeven on an EPS basis, and cash flow positive on a FCF basis. They also continue to buy stock for their personal portfolio. Good luck on your 100, and my bad. I don't intend to post my opinions on microcaps ever again. Sure learned a lesson there, though if you did THV with the DDN as a pair trade, you'd be up nicely still.