Bought more TSO calls and stock at the open...TSO shot up like a rocket today...a little too fast even for me....even though i have huge positions in TSO and am very happy today, parabolic moves like this make me nervous. These huge percentage moves happen when a market is trading on emotion rather than fundamentals and as anyone trading will tell you...emotions swing both ways and just as fast. I took some profits in TSO at close to lock in some gains.
Sold my BIDU put for a small profit too.
Bought more DUG today
Long: TSO calls and stock, DUG, STX
Monday, June 2, 2008
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