Thursday, August 20, 2009

Day 9, $20,165

Markets are still looking for reasons to buy, looking at positive data and ignoring negative data. Overall the markets had a nice bullish move.

Tomorrow is expiration Friday. I will be looking to close my NTES Aug 47/42 Bear call for Max reward. NTES did cross $42 during the trading day, but closed at$41.74. Will discuss the closing of this trade as well as the call calendar trade this weekend.

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