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The Fed knocked one out of the park yesterday, and investors cheered and opened their wallets in celebration. Yesterday's highly anticipated interest rate cut announcement and subsequent market surge demonstrate just how quickly investors are willing to put their money back in the game.
Before the party's over, I plan to add to a few open positions while the deep-in-the-money (DITM) calls are still cheap. I am going to place the following market orders at the open today:
Motorola(MOT Quote) October $15 (MOTJC) -- 40 contracts.
Precision Drilling(PDS Quote) December $22.50 (PDSLX) -- 30 contracts.
Methanex(MEOH Quote) October $20 (QPNJD) -- 40 contracts.
Massey Energy(MEE Quote) October $20 (MEEJD) -- 30 contracts.
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Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,388.90 | 1,105.98 | 2,194.35 | 34.83 |
Oil *
77.74
|
|
UP
22.75
|
UP
6.06
|
UP
21.21
|
UP
1.03
|
10 Yr
3.48%
SPDR Gold
113.75
|
|
+0.22%
|
+0.55%
|
+0.98%
|
+3.05%
|
Data delayed 20 minutes |
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