Tues, Feb 20, 2007

S2 was the call.
It sold off sharply right at the open. Too bad you can't trade options overnight.
I need to get more confident in trading the futures again.
Instead, I waited for the bounce intra-day and sold my calls.
The 1470 Feb calls.

We recently have had several days of S2, so that is why I want some downside protection.

The activity has been falling oil prices. I will have stops above 1470 for protection, or if the sentiment suggests it.



I think the goal is to unwind the calls on the next downleg. That has been the pattern of late.