TSLA had a big two day rally after oil finally rocketed off the bottom and Obama said he wants to extend the solar energy subsidy. Why does that matter? SCTY, Musk's other company, makes solar panels, and the robo-traders correlate the two stocks. Plus, it broke out of that down trend resistance, with volume.
But what does Bflakaz do? Just take the hit and close? No! Now I have an iron condor instead of just a bear call, hedging my losses. If TSLA can move back down to 205 before earnings on the 11th, I'll exit then.
I've also opened a small butterfly position on AAPL, hoping to pin it around 120 for a few days. Seeing as that WFM butterfly I traded a few months back was a great success, I decided to take another crack at it.
And GMCR reports earnings tonight - you know what that means. 2 SD strandle! This one's for the 98/148, ~20% away from the market and 4x the expected move. Three for $0.50.
TLT is still on, and it's showing some weakness - finally. I need TLT to move down between 126ish and 128ish to exit my trade for a profit, its around 134 now.
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