What a great start to the week as fears over the 'Fiscal Cliff' turned into hope for a resolution. Oversold stocks flew, led by AAPL. There were quite a few in the chatroom who nailed some calls in the morning, and sold them up 100-200%. We are now solidly over the 200dma on the SPY, a line in the sand for me. I still think we head to new highs sometime in the next few months, and will play accordingly.
There were some nice earnings after hours with Vinnybotz from the chatroom nailing KKD, and others playing QIHU for the big beat. This morning DSW smashed earnings, while BBY and HPQ missed and are down sharply. Futures are flat to green and I would think we melt higher today.
What I am watching today:
|Stock Ticker||Call/Put||Strike||Expiration||Closing Price||Entry Price|
Will try for some lottos with CRM. Been saying CRM is a $200 stock for over a year, maybe now it starts heading there. DSW smashed earnings and still shows great growth. DSW should head to new highs over $69 so lotto DEC calls maybe worth a shot. Still have CAT on the list for some $85 calls, and think she breaks if we are green today. 85s only .22.
Still holding BPT 85s and March 90s, like for the continued bounce. Also have NFLX and SINA.
Lets have another great day. Dont forget the class this afternoon : http://www.optionmillionaires.com/2012/free-webinar-open-to-all-members-guests-candlestick-analysis-with-chris-d/