.buying swing BAC at 9.00 OVERSIZED
Posted: Mon Apr 20, 2009 10:37 am
.buying swing BAC at 9.00 OVERSIZED this position is a day trade with a target of 9.75-9.90 with mental stops at 8.80. My strategy here is to use the Rookie hour panic from chasers on BAC as an opportunity for a stronger than normal dead cat bounce and once a sweetspot is reached tern my position negative with puts in BAC as a swing from here on a larger bearish outlook multiday day on a much needed market flush. I am down significantly on C calls but will hold them trough this with a month to wait but am planing on accumulating stronger puts stakes possibly in DRYS and AAPL to add to the AAPL puts positioned into friday at the close that should help out a beginning foothold in a bearish strategic shift.