Tuesday, June 9, 2009

June 8

DOW up 1.36 points after being down all day, S&P 500 down .95 and the Portfolio was down $4.60.

The markets were down all day and were only able to lift themselves closer to green in the final minutes of the trading day. No trades for my portfolio but I did try and close two positions out. Again, my limit order was never hit and I continue to hold these trades. I'm just waiting for the perfect and most profitable time to exit the trades.

Short AA June 09 $8 Put (AARH) 71.44%
Short GE Sep 09 $15 Call (GEWIH) 4.14%
Short GE Sep 09 $16 Call (GEWIQ) 21.46%

I still have my eye on going long YHOO. Just waiting for a little more consolidation

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