We opened the S&P cash index at 841 and sold off to a quick 817 right before 12:00 noon. Was up very big before lunch. Decided to let ego get involved and push the envelope. Rig puts, HBC puts were up big. Went long SKF and TLT at break of 10am highs and had modest gains. The big gains came from shorting GOOG, CME, and GS. I got 10 points on CME 100 shares. Was doing a happy dance. Was all cash and went short GOOG for a scalp made a buck then went long CME for 3 bucks. Was unstoppable right! Hell no. Was up $2500 in 3 hours trading 4 accounts. Tried to short AAPL on a bear flag to get stopped out for a .60 loss.
OK my big loss came on going big on HBC puts had a key support level of $39. When the support was broken waited for a pull back to $40.12 level looked a bear flag set up ,but was a bear trap. Went long 20 February $45 dollar puts with a $1.5 dollar stop. That's a $3000 dollar loss this was 5% of the port. Well down $500 for the day. Made half of it back with quick scalping of the ultra short SRS and SKF. So down $250 for the day. At one point today had to have a rum drink. My mom was with me today i think i was trying to impress her.
OK so i think we bounce here. Went long TBT for my brothers account. Have a .7 stop with an entry of $38.90. This bounce is going to set up for a shorting opportunity. Will be looking at long set ups for tomorrow. Will bracket 10:00am and 10:30 price action. Banks were the loser today's almost every other sector was up. Take a look at RIMM or APOL they were on fire today. Banks are still in big trouble. Could have a rally with banks still going lower!
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