Chubb Corp (CB)

CB Daily Chart

Chubb (CB): CB may have broken its rising flag. May challenge 34.00 again. Support: 45/40/34. Bought 2009 Jan put.

Credit Suisse (CS)

CS Monthly Chart

Credit Suisse (CS): CS has clearly broken its last uptrend line. Rebound should be over. S: 30/26/15. Bought 2009 Mar put.

USBancorp (USB)

USB Weekly Chart

US Bancorp (USB): Betting that it will finally break below the uptrend line. Bought Jan 09 Put.

Sector Indexes (20081107)

My interpretations:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Down (-)
DJI	Down	Down	Down (-)
Nasdaq Comp	Down	Down	Down (-)
AMEX Natural Gas	Down	Down	Neutral
AMEX Oil	Down	Down	Neutral
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down	Down (-)
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down	Down
PHLX Shipping	Down	Down	Down (-)
S&P Retail	Down	Down	Down (-)
AMEX Biotech	Down	Down	Down (-)
AMEX Airline	Down	Down	Neutral

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.

ACE (ACE)

ACE Weekly Chart

ACE (ACE): Expecting this insurance to go down. Bought the Jan 09 Put on last Friday.

Sector Indexes (20081031)

Looks like the market is trying to pushed higher. The midterm and longterm trend is still down:

USA	Longterm	Midterm	Shorterm
S&P500	Down	Down	Neutral (+)
DJI	Down	Down	Neutral (+)
Nasdaq Comp	Down	Down	Neutral (+)
AMEX Natural Gas	Down	Down	Neutral (+)
AMEX Oil	Down	Down	Neutral (+)
AMEX Security Broker	Down	Down	Down
KBW Bank	Down	Down	Neutral (+)
KBW Insurance	Down	Down	Down
PHLX Housing	Down	Down	Down
PHLX Shipping	Down	Down	Neutral (+)
Sig Steel	Down	Down	Down
S&P Retail	Down	Down	Neutral (+)
AMEX Biotech	Down	Down	Neutral (+)
AMEX Airline	Down	Down	Neutral

My puts and calls are both not working well. Will reduce trading until a much clearer signal emerges.