Tuesday, March 06, 2007

New showed strength with huge volume, get in @5.90 on the big rise, then the stock went sideway with dimished volume, should be out in break even, but I was hoping it might turn higher in the afternoon. Around 2pm, the stock break down, out at 9.65, took loss 250$.

Lesson: should not stick to the stock when finding it went side way! DT should bet on those strong upside after entry, otherwise, it means the decision isn't correct.

Goog gapped up about 2% at 451, bought April 480CAll at 8.3, and April 390Put@2.10" 390Put@2.10. Interestingly, both call and put price dropped dramatically when the stock doing consolidation around 451$.

In the afternoon, GOOG has a nice run, to closed @456$. Exited the call @ 9$.

The put closed @1.6 $(actually 1.45)

Lesson: don't buy option in a high volatile time, like this morning market gapped up huge, should wait until the market became stablized!


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