The market came back from the weekend up. Mutual Funds are putting their new monies to work, and cash is freed up from the big institutions after expiration friday.
I have sort of a mixed bag today.
BUD - sold 1 unit for 100% profit @ .25. I still have 1 unit on.
BIDU - Wow, this thing found open space back around 158. I would have sold on Friday if I was around. Unfortunately my calendars are under water. I am selling them for a loss. Oh well. I was wrong. I sold my 155p calendar for a 40% loss.
CLF - I sold 1 unit of my butterfly for a small profit. I am holding onto 1 for awhile longer. Underlying is up powerfully.
IWM - I am looking for a bearish play, as IWM advances on lower volume.
CREE remains good.
WWY - I bought 1 unit on friday. Aug/Sept 55p Calendar for .25. It has moved out nicely.
RACK - looks good. spread is widening
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