05 March 2007

New Math

Markets putting in an impressive bounce as the Dow flips green with the other indices not far behind. Dumped my puts right off the bell for a nice profit and flipped into some NVDA April 30 calls at a $1.55.
I'll look to fade the Nasdaq futures in the 1735-1740 area...
ISM numbers pouring a little cold water on the bullishness here...we won't go straight up...jfg.

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