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Monday, April 12, 2010

Trades - TBT, GOOG

GOOG - Interesting set ups we got going. Market looks overbought, and the VIX is at lows but we have a potential scenario where GOOG is about to break out. At least temporarily. The break out could add support to the market. At the moment I am still hurt from the nasty GOOG option trade in Q1, hence do not have the balls to play GOOG just yet. (None-the-less it deserved to be pointed out.)

TBT - if rates are going up, TBT is the play. Its consolidated, and the temporary EU/IMF 40billion support for Greece may facilitate the rise in market rates. Its consolidated, and I purchased it here.

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