Tuesday, November 2, 2010

IWM, CAT Add, AMZN Put Option Trade

Added to both CAT and IWM today as there move upwards seemed extended. AMZN has been extremely weak lately, with some support at 162.50 area. If that breaks (which I think it will) I think we could see sub 160 prices. Because of this, I am long 1 160 Put as I believe we could see some volatility and movement down.

Current Positions:

Long 1 AMZN 160 NOV19 PUT @ 2.92
Short 50 CAT @ 79.64
Short 100 IWM @ 70.47
Short 200 INTC @ 20.51

BUY THE RUMOR SELL THE NEWS SCENARIO?!?

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