· 2000 AUD/USD @ 1.05933
· -2000 USD/CAD @ 1.00232OPTIONS
· 1-PII JUN ’12 70.00 CALL @ 2.65
· 1-DG MAY ’12 42.00 CALL @ 2.25
· 2-NRGM JUL’12 22.50 CALL @ .33
THIS WEEKS STRATEGY
Watching the AUD/USD closely, Friday was a pretty sharp down day currently we’ve recovered a significant part of that downside move however we have yet to escape Fridays range and until the market decides direction I will remain long my 2000 AUD/USD. A break of Friday’s highs will give me a green light in terms of scaling. I look to add another 1000 units there. The target remains at 1.1925 with a stop currently at 1.0508.
Much like the AUD/USD looking to add or close position on movement outside of Fridays range. Stops currently at 1.007520 with a target .9300.
Continues to test my patience as I was whipsawed last week, today right after the open the stock broke to new highs then quickly fell nearly a point, not a good sign with the overall market trending higher. Looking to offload the contract on a break below 41.70. Target remains at $50.
This is my runner, performing extremely well besides a lack of volume on this advance. Contract is up over 70%. Target $80.
Testing my patience as well, close below 20.50 and I liquidate. Bought these calls as a long term speculative play initial target is at $30.