Tuesday, April 04, 2006

Alive


Yes, after a 7 month hiatus I am alive. I, basically, stopped trading for that time, but have started again. The chart above is of IBM. I'm long a bunch of the April 85 calls.

This market is kind of weird right here so i don't know what to make of it. It wouldn't surprise me if we get some sort of blow off rally this month and then hit summer doldrums. You know the whole sell in May thing.

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Hi :

I understand you've stopped trading for a while.

You used to trade (Amazon) AMZN. I wonder whether you've profited from AMZN this year (2007) from its 2 big gap up from its previous 2 reported earnings?

The slash in the FED funds rate by 50 basis points would most certainly let AMZN run up further at least till its next earnings around Oct 2007.

Take care,

Tony Chai
a disabled stock option trader
My Options Trading Blog

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