Monday, April 30, 2007




TSO had a pretty good run today, the may 120 call hit 8.5 at noon. But in the afternoon, it also retreated sharply with the whole market.


Should sell the call when the stock broke down the support around 124.5! But why didn't? Because I thought it would be up again, however, this is just a hope and merely hope, though it will report earning on thur. In fact, it has already made a crazy run, and it is time to have a break. Another thing, I should keep in mind is, the target is set to reach 128 before the final OE week, and today it has reached 126, the option value should have been equally realized! why not seeing this?(eventually, I sold 1 call near close around 5.4 by considering don't let the profit runs into a loss!)


Tomorrow, if the market opens with berish sentiment, sell the other call!

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