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mirkotoscano
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CFA member. In this blog I put my thoughts. Work in an Italian bank in a strategist position (forex and commodities), but my true passion is the stock market.
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Mirko Toscano - market view and trading signals
  • GM- trade close 0 comments
    Jan 8, 2012 4:19 AM | about stocks: GM, MSFT, QQQ
    Just a quick update because time is demanding.
    This week I bought-to-close the GM put I sold earlier. I preferred not to wait until expiration and take the profit now. Not bad. 2012 began well.

    Now I am 100% cash in the options account waiting to understand if the recent rise of indexes is a new bull or a bull trap.
    I am monitoring the behavior of QQQ and Microsoft. Both have a gap at lower levels and I am waiting for a short term reversal signal to eventually try a long put.
    On QQQ I ideally would like to have a signal around 59 and on MSFT I'd like around 30. On the latter, the optimal would be MSFT that rise above April high and return below.

    Themes: closed GM Stocks: GM, MSFT, QQQ
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