5-16 Watchlist ANF, SINA, LNKD, NFLX

It is Mid-week, and my favorite time of the month is coming. Option Expiration! The last few weeks have been very challenging times trading options. Take a look at UPB’s video from last night: http://www.optionmillionaires.com/2012/upb-may-15th-market-recap-outlook-spy-aapl-fosl-sina-jcp-sp-futures/

 

He made some great points around trading options in this environment. Also, sometimes its better to sit on your hands then force a trade. There is ALWAYS money to be made in any type of market, but you have to make sure you have money to play it!

 

Looks like the market is ramping pre-market. USD up 12 straight trading sessions and is still Green as I write this. There is always a pullback, and one on the USD is overdue. We shall see.

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Profile photo of jimmybobJimmyBob (Scott)has been trading equities for over 15 years, a majority of which were OTC micro-cap stocks. He started trading high risk stock options over the past 7 years, and has proven winning trades in excess of 15,000%.

As one of the Co-Founders of optionmillionaires.com, Scott enjoys sharing his knowledge with other investors through timely blog posts, daily watch lists in the forum, weekly webinars, and helpful advice within the chatroom.

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