.buying back and adding swing +QOIJW at 1.60 and QID at 24.1
Posted: Thu Oct 01, 2009 1:24 pm
.buying back and adding swing +QOIJW at 1.60 and QID at 24.10-.14 the calls are 23 strike QID Oct I am not only buying back the 34 options and 1/2 stock but adding to both positions 1x oversized to further focus on the bearish stance now that the market lost the day lows. I think we are now showing that a intraday bounce becomes more unlikely unlike past , as I mentioned about phycology earlier in the day. But cation if market was to show unexpected strength I would again quickly sell these adds. we need to lose dow 9500 to have real bearish strength reemerge.