AMD Calls Jump
Although oil service
(
$OSX.X |
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Chart |
News |
PowerRating), was down
on Thursday, it still looks like its choppy uptrend remains intact. Continue to
look for buying opportunities in calls and call spreads here.
Internet, basis the AMEX Internet Index
(
$IIX.X |
Quote |
Chart |
News |
PowerRating),
appears to be putting in a double bottom. For the nimble, look for buying
opportunities in calls and call spreads here. However, wait for follow
through as the after hours news for Thursday will likely weigh heavily on tech in
general on Friday.
Follow Up
For those who played the gamma play in the Feb
25 Advanced Micro Devices
(
AMD |
Quote |
Chart |
News |
PowerRating) call options, I hope you locked in a piece
of the profits as the were up over 400% (intra-day) since they were first
mentioned on Wednesday. If you didn’t lock in profits, make sure you lock
in a piece on Friday.
The
semis
(
$SOX.X |
Quote |
Chart |
News |
PowerRating), mentioned recently, were up nicely on Thursday. If you
have profits here, you might want to lock in a piece.
The major drugs
(
$DRG.X |
Quote |
Chart |
News |
PowerRating), mentioned
recently, fell to the bottom of their recent trading range (a) on Thursday.
If you have profits in puts here, make sure you lock in a piece.
Best of
luck with your trading on Friday!
P.S. Reminder:
Protective stops on every trade!