I was stopped out on 3K KLAC @ 45.10 - .15 points I left to pick up lunch and place my stop just below intraday low.
MSFT possible range for this week 49.56 - 54.48 Strategy Buy July 50 Puts if price rises above 54.48 Buy July 60 calls if price falls below 52.56 and if there is sign of rising. Sell Calls to close when price approaches 54.48 That is my strategy for the week. Tuesday result so far so good. Bought Puts at 1.30 and still holding.
i am not so sure about MO... every time it pushes down it snaps back. i got out with +.15 on one of those dips. probably will regret it,
It's certainly poised for a head fake. I'm probably going to close out by 4:00 today and look to go short again after the dead cat bounce tomorrow.
actually, looking at MO again, it was trading in a channel since noon. i guess you expected a breakout to the downside. worked out well enough.