NSM no we're not bearish JUST REALISTIC and trading both sides of the trend. <g> We'll be covering shorts into the late afternoon (reversal period (2:30 to 3:00) and hold nothing over the weekend except picking up some KEY call options in front of earnings AT THE LOWEST PRICES of the session and took profits INCREMENTALLY in some puts that have hit targets for the underlying (i.e. SNDK 80's) no scalping just leisurely LONG TERM DAYTRADING.
Picked up the CALLS part of our 2 straddle/strangles at a song near the lows of the session. The put part and shorts hit lows and were covered. (suggested to hold 25% to 50% of the puts through next week)