Wednesday, March 16, 2011

More Fear

... with more to follow no doubt. DNS -242, -51, -25. Except for CRZO which was rebounding from yesterday, nothing on my watch list gained 5% or more.

Trades:

SCHN hit its trailing stop, -8.3%.

With more risk that reward in this market, I sold some ITM March options: calls for SSW (+42.1%) and bull call spread XLE (+24.6%).

Reversal alerts: (15) of which FIS and BVN are of interest.

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