Initial claims had no major impact on the futures today and it appears as we will have a "no direction" market today; not good for option traders...
I have no doubt that GS will retrace soon; however, I did not give myself enough time on this trade (a past mistake repeated again) - lucky this was a little trade. Will be trading GOOG tomorrow and although I am very inclined to strangle GOOG, I just cannot do it based on my previous analysis on GOOG (this time, I will not go against my own analysis). This is the quarter when GOOG will probably move big - no one really knows that so, I will play it on the safe side.
Thursday, July 16, 2009
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