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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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