Plays for Monday (9/23)

Posted by TheNightTrader on Sunday, September 21, 2008 at 11:26 PM

I'm not really seeing any good potential plays out there for tomorrow. The one stock (ETR) I did look at did not have near high enough open interest for me. Part of my problem is that my scans are getting plugged up with all these volatile financial stocks, so I'm missing some of the others. I may decide to play a financial stock soon, but it would be a different play than normal as they aren't following technicals at all. 100% news driven moves ... which played right could probably be highly profitable using strangles. But it's different enough from my normal routine I'm just not going to pursue it at the moment.

Here's a quick look at my current plays:
DRYS - Jan 45P/50C - Bought @ 15.00 - Limit GTC to sell @ 16.65 (~10% profit)
FDX - Jan 85P/100C - Bought @ 10.11 - Limit GTC to sell @ 11.25 (~10% profit)

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