I agree with you on the S&P. Demand has yet to come back in such a way to drive it up. It could start start a few days of sideways track if demand doesn't come back in tomm. MON could track sideways also. But it could also be a shorting candidate like you say. I think your strategy is a good one. I would look at shorting off the bat as I think it will trade down to 71.70 very quickly after the open. There was a lack of demand today in MON
Multi I hope you are able to pull this thing out before year end. I have to hand to you that you are not a quitter and don't give up when things don't look too good. I hope the next positions you take clean house!
AAPL long AAPL Jan06 60p - will add more tommorrow IF it continues higher (or the Jan 65p) will enter Dec 55p .15-20 then--- sell 2/1 or 2.5/1 -- Dec 60p (on any decent PB) it gapped today -- so I expect we see 61.50-62 on or just after expiry
Next trade takes Multi to the cleaners. He's finished, kaput, bitten the dust, history, washed up, toast.
Hey Ice, Remember I called $65 on AAPL 2 weeks ago. Getting on thin Ice here, I have'nt looked at the intraday action but scrolled through the tape just now, looks like funds are giddy buying. Upside resistance probably limited to the broad market not pulling back more than a few % over the rest of the week.
great call no doubt AAPL is on a roll - but my position allows me flexibility to convert to a bull strategy -as I said on my Journal thread. Just don't feel comfortable buying calls right now. ((thin Ice- ))