I bought a couple put options today at the end of the day after another reversal session. The options were on SPY (exchange traded fund for S&P 500) and CNI (a railroad stock), but I am not going to track those on the blog. I have a couple put option trades lined up for tomorrow as there were many reversal patterns today in different sectors.
I currently have an order to buy a July 85 Put on OSG tomorrow. Many shipping sector stocks formed high volume bearish engulfing patterns and OSG formed a shooting star candlestick pattern. I think it is likely for these stocks to decline sharply. I will track this trade on the blog assuming my order gets filled tomorrow.
Pete
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