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Joined: 28 Dec 2005 Posts: 12643
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Posted: Sun Jan 08, 2006 9:44 am Post subject: Mon: Buys None Sells SPX OIH GOOG QQQQ IWM |
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Mon: Buys None Sells SPX OIH GOOG QQQQ IWM
The bulk of earnings season begins the week after next. At current market levels, SPX OIH and GOOG Jan puts are buys on market bounces. QQQQ and IWM Feb or Mar puts are also buys. Jan puts should be sold on market pullbacks to build-up cash. If SPX falls to around 1,265, next week, that may be an opportunity to buy OEX Jan in-the-money calls (to partially hedge QQQQ and IWM longer-term puts). |
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