Tuesday, June 8, 2010

6/8/2010 - Choppy Day

The S&P500 was all over the place today, started up, then down, then up, then down and finally popped in the last hour. The Tech heavy Nasdaq however finished almost flat on the day after being negative throughout due to the Techs being under pressure. Its days like these I try not to trade to much as I find myself over trading trying to choose a direction.

I closed out my V July 80 calls for a 8% loss at the start of the day did get a little love in the late afternoon. I also sold my GLD (GOLD) July 125 calls too early yesterday at 1.90 for a 28% gain. GLD hit my $122 target today and retraced. I might look to get back in if it retraces further.

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