I seriously considered selling yesterday ( and I probably should have and tried to pick a bottom today)and this morning I was waiting until my Jan 110 calls got to 2 and then I was going to pull the trigger..but I didn't. Now it looks like we could gap a couple a bucks and have a nice run into the first week of Jan. If I sold yesterday when we started tanking around 117 I could have sold at around 8 bucks and bought the same calls today at around 2. On the other hand picking a bottom is very hard and I felt we were still in rally mode just needed a healthy correction for a day or 2..Im thinking we cruise to 128-130 by end of next week.
I did buy some 120 Jan 6 calls for 1.05 yesterday thinking that was the bottom at around 111. Now I've got over 50 Jan 6and 13 calls. I'm hoping my spidey sense was right about the rally continuing.. what does everyone think about the rally continuing into early January??
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