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I’m So Bored
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I’m So Bored

I’m So Bored

by The MoleMay 15, 2009

UPDATE 2:05pm EDT: Wish this damn day would be over – while we whip around to conclude OPEX week I have nothing much intelligent to offer – except this:

Odds are pretty good we turn here for another push up. 880 has the highest historic frequency at 20%. However if we breach this the next stop is 874. BTW, I reloaded on those DRYS call spreads after being kicked out of the race yesterday.

UPDATE 2:51pm EDT: Hourly long RLs for you leeches:

Alright, we’re almost there – a bit over one hour to go. Frankly, I can’t wait. Remember to close out all ITM May options before the bell.

UPDATE 3:41pm EDT: LOL – they’re just going to take everyone’s money today. Alright 19 minutes to close out all our ITM May options – you can let your OTM options expire as those won’t be assigned. HOWEVER, make sure that you are several strikes OTM and not close to ATM, just in case. If you are in doubt just sell them.

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
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