My limit order didn’t fill so I missed out on getting BIDU puts. So no trades for me today. I’ll just have to wait for a new opportunity to come along.
Baidu (BIDU) stochastics are overbought. Doesn’t mean it can’t become more overbought but I think it’s tired. So I bought some Dec07 $370 put options to find out if this stock hates me as much as it hates Michael.
This is really unlike me. I’m holding positions and not acting. Really, really bad. I should have ditched BIDU today since it was under $400, but I didn’t. Tomorrow will I pay for it? I’m holding a paper loss, but not yet afraid.
JCP sale at $45.66 netted me a $174 profit from my purchase price of $44.50. I am still holding onto my AMZN put options. The closing bid was $3.95 and my purchase price was $4.25 so I am sitting on a paper loss. I am not worried about this…
I took profits on my JC Penney shares and bought some Amazon (AMZN) put options. It was at $93.05 and already down -1.36. I took this as a sign of weakness that it is down on such an up day in the market and checked out the chart. Stochastics are at an overbought level and it is at a point where bears can argue it is forming a double top (this is excluding 10/23 where it went to $101 - that was pretty much a one day anomaly so I am not counting it).
