So today's market action kind of sucked for me overall. Especially NVDA. I learned my lesson, don't get in early if the market isn't ready for it. There's still a lots of sellers out there. The stock traded more than 2x average volume. Oh why couldn't NVDA move up like the rest of the tech sector? I cut my losses by selling my Jul 15 put @ 0.10 (50% loss). I still got my Aug 15 put although it lost almost half its value by the end of the day. Hope INTC wants to buy NVDA, Intel graphic cards blow.... take a hint from AMD why they bought ATI. MSFT looks like it wants YHOO so add NVDA for a two-for-one deal! You'll need them to make chips for your XBOX 720, then you can force Sony use crappy ATI chips. Or uhh Sony you can buy them too and long as someone buys NVDA for a high price!
So because all other tech is doing great, my GOOG puts blew today but not as bad as it could have been. Too much strength due to AAPL jesus phone coming out soon. Another lesson for me: Don't buy AAPL and expect them to move opposite of GOOG. I made the mistake of buying AAPL calls and GOOG puts at one point... they worked against each other so my profit = zero. Did you know Google GEO Eric Schimdt is part of the board of directors for AAPL? So uhh, mad cooperation there. Well I'm looking for a exit for GOOG as well because built some nice support where my put is located... 530. I won't post up fake negative GOOG comments on this site since its own by them. Love your blogger GOOG!
So not all was bad. At least financials went my way. I jumped into HBC Aug 75 put @ 2.90. Did great during mid-day but started going up towards the close. I'm not worried though, I hope AA earnings are like we're dead to set the tone of the market for the rest of the week! So let the market die! I got more puts than calls.
So because all other tech is doing great, my GOOG puts blew today but not as bad as it could have been. Too much strength due to AAPL jesus phone coming out soon. Another lesson for me: Don't buy AAPL and expect them to move opposite of GOOG. I made the mistake of buying AAPL calls and GOOG puts at one point... they worked against each other so my profit = zero. Did you know Google GEO Eric Schimdt is part of the board of directors for AAPL? So uhh, mad cooperation there. Well I'm looking for a exit for GOOG as well because built some nice support where my put is located... 530. I won't post up fake negative GOOG comments on this site since its own by them. Love your blogger GOOG!
So not all was bad. At least financials went my way. I jumped into HBC Aug 75 put @ 2.90. Did great during mid-day but started going up towards the close. I'm not worried though, I hope AA earnings are like we're dead to set the tone of the market for the rest of the week! So let the market die! I got more puts than calls.
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