Blog
Minimize

Today is a roll the dice day with July option expiration…

Jul 17

Written by: dpavlatos
7/17/2009 7:02 AM

image

We took the air out of all the 890-900-910 puts with this ripping rally to the upside. It is option expiration

today and I would guess we can pullback a bit today to close the option between 925-930. The index’s had

a serious rally though that can continue on in the next 2 weeks to test this years high. For today it is a roll

fo the dice in my opinion. We should pullback a bit before we go higher to test this years high but we have

a few wild cards like option expiration today and earnings for 2 more weeks. A good day not to get married to

any positions and just play the short term moves. 

image

Trackback Print
Location: Blogs Damons Blog
Tags:

Your name:
Title:
Comment:
Security Code
Enter the code shown above in the box below
Add Comment    Cancel  
     
Archives
 

About Damon
Minimize

Damon Pavlatos’s 25 years of multi-faceted industry experience includes the following: Since 1978 he has held Exchange Memberships on the CME, CBOT and Mid America Exchange. He has traded Futures and Options for 20 years specializing in Index Futures.

From 1981 to 2000, Damon managed the CME Index and Floor operations for Shearson American Express, L.I.T. America, Gerald Inc. and Rand Financials. During his many years in the industry Damon has supplied Technical Market Analysis for various Index Funds, Institutions, and Exchange Members and has been featured at Tradeshows, Futures Seminars and in various trading books.

In 2000 Damon became a Principal Partner of FuturePath Trading LLC® and PhotonTrader.

  Print     
Search
Minimize
     
Copyright 2007-2009 Futurepath Trading. All Rights Reserved.
Privacy Statement | Terms Of Use