Wednesday, December 19, 2012

Close HD and Opened FDX 92.50 Jan Puts

So I got out of the HD trade because it just wasn't getting any momentum and there were some indicators that were starting to go negative.  So I got out at a $90 loss so I kept it small.  I did open a put position on FDX which had a huge bearish tail today.  Bought 5 Jan 92.50 puts risk reward for a big drop is nice.  I am still trying to head north of $3000 and I think due to the market needing a pull back the FDX trade looks like a good set up.

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