The market opened up this morning. My gut feeling is there’s downside to the market but not a whole lot. I did not want to hold SHLD puts through a market bounce. I sold my SHLD puts when SHLD was $109.80. It immediately dipped afterwards so I was a little regretful but looking at SHLD now (>$112) I don’t feel so bad. I turned to First Solar, Inc (FSLR) for a daytrade. It was down over 8 points so I looked at the Dec 07 Calls $210. There was a $1 spread between the bid/ask. I did not want to miss the bounce so I ended up trading the stock.
11/27/2007 5:55 pm