Swing trades all set up from March 24, SMH and some techs added on April 1, so we are well represented on the LONG side now SWING TRADING ALREADY across sectors. Puts in place in TASR after locking in about 3/4 calls at the gap up. At this point if YOU DIDN'T straddle or prepare for Friday's gap, you missed it. While techs gapped and crapped, we were focused on the biotech/pharmies we called short at the bell (pause that refreshed) from the newsletter (mostly just pauses to refresh) while GNTA is a straddle through next week based on potential 'stock moving' news. NO SCALPING, already swinging (APOL ---> CECO ---> COCO) AMR, GE and many across sectors including DNA options, IMCL (3 weeks) MAGS (4 days), security plays CDCY after AH and MAGS stopped out after 2 days gains. DOWNSIDE: still buildersa and now potential for swing play downside in the financials (not picked up financials yet though)
At 11:00 reversal period techs bounced off the 20 ma on the 5 minute all planned, executed (of course some casualites like NOT straddling the OEX and just some puts) and now we have all our longs IN PLAY for the reports not missing a beat. NSM calls are fabulous, SNDK starting to look a lot better for the rise above 30, NVLS (yep even NVLS at least until close to earnings) and the QCOM calls a bit eroded from the 3/31 surge are back in full upward momentum. RIMM was huge, no fewer than 3 call options strike prices this week and all extremely profitable! If market gaps up on Monday, we will once again be in this gap. Bulls were so busy prognisticating a rally SOMETIMES in APRIL (when?), they completely missed it, while bears were already expecting the shorts to cover by Friday's employment report so straddles were in place in technology while longer term swings in other sectors were held. Excellent swing trade week all around, with techs rounding out the 'missing links' on Thursday. THE SCALP has been dead for months and we've been short and puts from January earnings reports through 3rd week March (8 to 9 weeks) but we were not prepared to renew swing shorts after the Wednesday 10:00 rally on 3/24 and slowly locked them all in. AMAZING how the bulls don't realize the bears saw this coming and were well set up in advance. The only shorts left are building plays and TASR, NVLS RIMM leftover option puts some of which were locked in already (esp. NVLS and TASR after pullbacks) The only thing we did not do was BUY THE DIP BIG before the 24th!
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