Hope everyone enjoyed the weekend. We now have 3 more weeks until the end of the year, so should be some fun leading up to 2013. Futures took a hit last night when Italian Prime Minister Mario Monti said he was stepping down in 2013. Folks are crediting him for some of overhauls saving the country from fiscal doom. China also reported some mixed data over the weekend, and some of the china ADR's are down pre-market like BIDU and SINA.
Here are the strikes I am watching today:
|Stock Ticker||Call/Put||Strike||Expiration||Closing Price|
I like OPEN here especially if it breaks overhead resistance at 45.86. Second week trying to catch the SHLD bounce, and think 46-47 comes in quick order when it does. MLNX is oversold and will see $75 or so this week.
UPB did his week ahead class last night and it will be uploaded sometime today. There is a few earnings to keep an eye on and he reviewed them with charts. I will also have more today on SODA and OPEN.
Lets have a great day, I will be in chat all day!