We take the market as it gives us.
EWZ Long Jan'09 85 short July 85 net debit 6.70 with only 11 trading days left it looked good to me.
KOL looks like a good correction. Watching this one
Still hoping for XLE to drop significantly to get in on that one again.
Will keep you posted
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2 comments:
I got 2 out of the three you mentioned. I jumped in a little too early on EWZ, but it is a calendar and XLE still long till September (calendar too).
EWZ looks really nice on the support line in an uptrend channel.
Any play on the QQQQ?
QQQQ look really soft. Not sure if a short would be worth the risk yet the upside certainly is not there. Good on the XLE I could not get a decent roll I was so far in the money that I just let it go.
Just my opinion
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