We closed our two trades of 2008 Project Mercedes in the rally and this rally has all the tell tale signs of a BEAR MARKET RALLY. It seems bears have really taken control of the markets.
2008 Project MERCEDES .. TRADE # 3: RIMM
Jan 15, 2008 09:40:22 RIMM Buy Feb 95 Call $ 7.75 .. 8 Contracts
Jan 24, 2008 15:59:51 RIMM Sell Feb 95 Call $ 8.30 .. 8 Contracts
Time: 9 Days
Return: 5.47 % or $206.00
2008 Project MERCEDES .. TRADE # 4: MCD
Jan 16, 2008 15:56:12 MCD Buy Mar 50 Call $ 7.75 .. 4 Contracts
Jan 24, 2008 10:13:12 MCD Sell Mar 50 Call Put $ 8.30 .. 4 Contracts
Time: 8 Days
Return: 15.90 % or $210.00
Account Value: $ 5776.00
We are now flat in the market .. no open positions.
All eyes set on Fed meeting and we will look for other opportunites.
Have a great evening please.
Harry
