Saturday, December 27, 2008

On The Radar For Monday December 29th

I am still eyeing COF as a PUT buy above where it is now at $29.50 up to $31.50. Buy .80 - .90.

Watch the market the first hour to see what type of volume there is and wait till atleast the first hour passes. (OI)
Also watching ENR as a long. Buy at $50.00. I bet a lot of batteries were bought at Christmas. (OI).

Watch MIR to drop below $17.48 to buy PUTS. (ut)

BJ short under $32 (ST)
TKR long over $18.50 (ST)

Cost buy PUTs at $51 (botd)

PLD above $15 april calls

STLD PUTS-plunges at $10.36 (ST)

Remember when buying options, look for tight spreads and stick to the $15.00 loss. Buy at the dips.

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