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New Option Plays

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Play Editor's Note: The two-day rally in the market is very impressive and we would be willing to consider some bullish plays even though the major indices are still in bearish channels. However, we do not want to chase a 540+ point move in the DJIA or a 4.8% rally in the NASDAQ Composite. Wait and watch for the dip before considering new positions. FYI: There are plenty of market pundits that believe this to just an extended oversold bounce inside the current bearish trend.

New Calls

None today.

New Puts

None today.

New Strangles

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