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Tuesday, July 21, 2009

Shorting candidates(1)

With Dow formed a shooting star now( US lunch time, so half day over), it's a nice shooting star at the neckline of the inverse head and shoulder patter( refer to previous post), seems the bears fighting hard for their last defence. Anyway, the retracement is well expected as it has been rocket-soaring for the past six days already.

With this, I did have few wonderful shorting(put options) opportunities on hand. So far as today, my portfolio is showing a nice profit.

Note as for APPL and GS i'm using one of the option hedge strategies--Strangle to limit my risk in case it against me, as these two are very volatile stocks.

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