I understand that would be an issue but I hardly concider 30 ticks a scalp ... Ok I tried .. I will just monitor for now and post occasionally from here.
I know that's a genuine statment Av'. I used to wonder why we needed a new thread for every hiccup anyway. Hopefully this becomes the depository for all of those intraday and longer thoughts.
Most of my sentiment gauges are in "NEUTRAL" now. I'm sitting on the fence with a very light short position (a few hundreds calls on 10 - 12 stocks). IV is dropping which is good for me.
Bounce of retrace/support wasn't as strong as I hoped I would have liked to see a retest of the HOD by now. Maybe some lunchtime consolidation! Will monitor for Break out either direction. Market has been psychotic the last 5 days, so must react fast to survive imo. btw, Depending on conditions ... If I get my 10280 target on the long I will concider reversing short there.
Wrote LLTC June 37.50 calls @ $1.00. Will set my profit target at $0.75. If not hit will complete the strangle with June 35 puts.
Wrote YHOO June 37.50 Calls at $0.75. Will set the profit target at 0.6 and will complete the strangle with June 32.50 puts if target is not reached.
Stop 10208 on last half of my long YM position. If stopped it will be a break even trade and a break even day. Target still 10280