Thursday, November 18, 2010

Thursday thoughts

Risk off. Risk on. Risk taking appetite is back. I think the ES has a very good chance of retesting 1200 from here. Today looks to me like a gap and go situation. Because of the bullish sentiment I've decided to take off my OEX BWB right here. Just sold out 4 contracts for $0.55 debit and was going to hold the other 2 as lotto tickets but I have decided to take my money here and have put in a order to sell those two out as well as I don't think this fly will finish in the money. Internals are very strong so far off the open.

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