Purchased the Oct 75 Puts @ 4.30. Thanks, in part, to the mild copper selling panic in China overnight, I sold my puts for 5.30. That is a 23% gain. If there is a pop due to positive earnings tomorrow, maybe I'll bet against PD again. Looks like another short covering rally today. Here are some possible shorts after this rally dries up.
- Sirf is up 10%
- Akamai Tech is up 6%
- Titanium Metals is up 6%
I got to tell you, the Sirf chart looks attrocious! They report earnings tomorrow, too. The Aug 25 Puts looks pretty good if there is a rally off of a good report.