Thursday, August 11, 2011

Terry's Model Portfolio: Rally Conditions

Trade execution - Buy 5 SPY August 120 calls @ 1.84.
Trade time - 12:07 p.m.
Date: Thursday, August 11, 2011
Rationale: Historic rally underway. Next week is options expiration week. Insider buying at record levels. Market rising from gravely oversold conditions.
Time Target: Tuesday, August 16 or Friday, August 19.

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