Tuesday, December 1, 2009

12/1 Watchlist

No new potential trades on the watchlist.

  • GLD is steady midway between 117 and 118. With 17 days until expiration, I'm running out of time on this position, but for now I'm inclined to wait and see.
  • KO's price has moved strongly counter to my mildly bearish position, up to about 58.20. It's a January iron condor, so there is ample time for this position to play out. Maximum profit on this position at expiration is between 52.50 and 57.50.
  • UNG stands slightly above 9.00 and shows a pps bear signal (unconfirmed by the mfi).
Trading decisions after 3:30 p.m. EST (12:30 p.m. PST).

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