Monday, August 10, 2009

Tomorrow Aug 11

Im currently holding BAC calls, C calls, AIG puts. Hedged between C and AIG.
Also got a straddle on WMT because earnings come out on Aug 13 and I noticed that these calls/puts were undervalued by 5-10%.

The volume on the S&P charts look bearish, I'm looking for a quick gap up and I'll exit C/BAC and exit when gap fills on AIG.

China has had negative news so the markets may feel that tomorrow. Theres no real news tomorrow so I expect the markets to move kind of like how they did today. Less than half a percent in any way.

Also watching GS carefully, looking for an entry put if it break 157, it should conitinue to 152-153.
Also looking to buy C shares at 3.50 ish

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