3M (MMM)

MMM Weekly Chart

3M (MMM): Broken rising flag. Sell signal 2 days ago. Support 55/50/44/40. Bought 2009 Jan put.

October 08 Performance

The month of October was a good month for me. As usual, I underestimated the down move, thus I missed out a lot of profits. Options that I have closed are:

• ACE Nov Put (++): From profit to loss to profit. What a roller coaster ride.
  
• ALL Jan Put (6+): Good one! Almost nail the bottom.
• AXB Dec Put (4+): Good one!
  
• AXP Oct Put (-): As expiration nears, I dump this before the great move down! Duh!
• AXP Jan Put (+++): This one is hard to play. So, I'm getting out.
• AUY Oct Call (---): Believed that gold will go higher. Wanted to wait for it to go higher, but the believe didn't have enough time to work out. Expired worthless.
  
• CB Oct Put (+): Glad to get out of this one with a really tiny profit.
  
• COH Nov Put (++): Took profit too early.
• CS Dec Put (6+): Good one! Almost nail the low.
  
• DSX Dec Put (+++): Took an early profit for this.
• EP Oct Call (---): What a believe! Believe that the world is craving for more energy, didn't let go due this believe, so got flattened!
  
• GME Jan Put (++): Took profit due to the fear of a strong rebound.
  
• JWN Oct Put(+): Glad to get out of this one without a loss.
• KSS Oct Put (=): Just glad to get out without a loss for this one.
• LM Nov Put (8+): Fantastic! Could have been better, but I'm satisfied.
  
• LVS Dec Put (7+): Sold at mid-teens. Thought that that was the lowest it can get to. Boy was I wrong!
• MDC Dec Put (++): Took an early profit.
  
• MGM Nov Put (+++): Took profit while it was in the high teens.
• MGM Dec Put (6+): Good one!
  
• OSG Jan Put (4+): Good one!
• PDCO Oct Put (+): Glad to get out of this one as it almost expired worthless.
• RL Oct Put (--): Took a loss due to expiration date.
• V Dec Put (7+): Fantastic! Almost near the low.

I guessed correctly the retailers direction, but my timing was all wrong. Thus, most of my retailers counters was lucky to go into the black.

Textron (TXT)

TXT Weekly Chart

Textron (TXT): An oversold bounce play. May have found support in the 15-18 range. Best rebound scenario is to 30.00. Bought Dec 08 Call.

Balley (BYI)

BYI Weekly Chart

Balley (BYI) is starting to turn down. Anticipating a break to the downside. Support 31/25/18. Bought puts.