Weekly Commentary from OEX Options

For those that held our call overnight, they got rich. For the rest of it it was a jump up that brought the market right back. We have now made $11,000 in three months on a $30,000 investment in RAX, and LNKD has hugely performed. All of our blue chippers are coming back. A reader asked me today if I traded, which I did not. I answered: "I already owned a large qty of calls. Than RAX went up massively and I was busy selling at 50% profits and 150% on the call. Then who knew on the put. Note my count shows no strength. I am only playing large blocks,like the call I've shaved profits off. Often when I recommend numerically I clarify -unclear bias, or no clear bias and we just talked about something is going to take this market off, one way or the other. This is the 'at the edge I've just been writing of.'" The market could now move to 13,347 and 13,540 or begin retreat. We were 4 for 5 this week. Good Trading