Trades 2/01/10

Just before 11:00AM, I set buy stops on a TS option and on SKF as suggested in my post on Friday.   Both executed and started toward the positive as the day fell apart.  I am placing a sell-stop on SKF after the first 40 minutes of trading today.  I never recommend any trades during the first 30 minutes of the day unless you plan to hold for 10 minutes - quick profit on a mover.

It's doubtful that my United Airlines options will pan out by February's expiration, but my total investment is less than 1/2 my normal sell stop for the equity itself.   

As I suggested before, risk should be kept at a minimum until we know if the bear market is here to stay.  

Symbol Security Entry Last Change Exit Plan
QTWW Stock 1.02 0.7301 -0.2908 N/A
SSN Stock 0.276 0.26 -0.016 N/A
SKF Option 24.31 24.67 +0.365 St.23.60 - GTC
TSWNH Option 0.25 0.30 +0.05 N/A
UALNO Option 0.10 0.02 -0.08 N/A



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