- YHOO / BABA - approaching support. looking to go long debit call spreads
- BIIB - becoming overbought, waiting for capitulation. short debit puts
- LEN - approaching double-ish top resistance. looking to short debit puts.
I got into a short bear put spread with STX after seeing it fail at resistance today.
In 4 Apr 57.5/60p @ 1.00. Not looking to leg out, will instead exit if it trades down to that support level. Not enough "room" to leg out... should pick up enough delta on the spread to make $
TLT also finally going parabolic, tagged underneath 131 today. If it runs into the 126-128 area I will close for a big payday thanks to my earlier adjustment. See, patience is key with something thats overbought!
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