Wednesday, October 01, 2008

Chop, chop

As expected, not a lot of momo in either direction, with my beloved Qs trading narrow range all day, closing almost perfectly on the daily PP pivot. The fib levels confirm the general lack of direction in the Qs today and the options MMs were having a hard time making any headway. The Nov OTM calls saw a boost in the last 10 minutes of the session, and after hours the Qs are up some .45. Odds are for a repeat performance tomorrow unless some late earnings surprises rock the boat.

No comments: