Tuesday, May 08, 2007

Cover AMZN short (sell puts)

Sell AMZN May 65 puts. I don't like the tape action in AMZN and I cover my short. I kick myself for missing the shot down below 60 to take out stops. Poor intraday timing costs me a good chunk, as it did in FLR, which has rallied a bit after the weak open. Good thing I am not a daytrader, because these kind of missteps would cost me my lunch every day.

Currently:
Long BA
Short MGM (puts)

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