S2 Option Trader

[plashadpobedy]

Technically, it does look tempting. But no ones knows if this market will be squeezed higher or "when" it will finally correct.

A lot of stocks that were at historical resistance have become "bear traps".

I had been looking at FEB11 put on oil stocks (never JAN11s), but I think I am glad I passed this year. I had eye-balled OXY, as it's been in a flat for over 1.5 months now. But the way things look, they could hold it high through option's expiration in Feb. One would have had to go out to March or further?

OXY:
http://stockcharts.com/h-sc/ui?s=OXY&p=D&yr=1&mn=0&dy=0&id=p79928865160