Wednesday, July 11, 2007

Mid day update for 7/11

Well markets opened lower but rebounded in morning trade on merger activity. I sold my STP August option for 1.25. that's a 70% gain! I have the following option plays open.

Buy NTGR August 40 Call at 1.80. NetGear is looking to break out here.

I had a comment asking what exactly the system is and for some new readers my posts might be a bit confusing so I'll be back later with a long and hopefully clear explanation of what this blog is all about.

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