REMC gap 'n crap.. our choice (strong choice) for a straddle but no options spoiled a little of the potential gain. Recommendation was to be flat in lieu of options and watch the morning trend (We already posted the gap down we just wanted to wait to see if by some miracle it filled or 'crapped') Guess what it crapped like all the techs.
Feature plays for today LONG SIDE SNPS #1 on list holding on respectfully to a gain, and we did get another scalp long on IBM (90 calls) which is already a CALL OPTION play along with SNPS (30 and 32.50) The new KLAC puts picked up yesterday (with the short today acting well) SNDK though has eroded. KLIC testing the 50 ma (14.25) We did give it a chance this morning to 'prove something' but as usual a short..
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