Observe?

Not sure how things are going to go this week. The news is looking all bearish. Oil is heading towards 100 again on the Turkish invasion of northern Iraq. God I love how slow people are to read... Is it just me or did the market completely ignore this news Friday? Then we have spending and inflation data. All this leads me to believe I might get a nice little move at some point Monday. Although I still have not decided to enter at open or wait till the last hour of trading as is my habit.

Stay tuned.

***EDIT***

After much deliberation I decided to err on the side of action, so as the market opened I entered three positions.

+10 FCX 100 call @ 4.68 = $4704.95

+10 QQQQ 43 put @ .86 = $884.95
+10 GOOG 490 put @ 12.90 = $12,924.95

I entered my exits before I left, slightly more conservative than usual but with the irregularity of the trends I have observed it seemed prudent. Oddly enough, most of the market was not bearish as I stated at the top. Go figure.

-10 FCX 100 call @5.20 = $5175.05

-10 QQQQ 43 put @ 1.06 = $1035.05
-10 GOOG 490 put @ 14.00 = $13,975.05

FCX +10%
QQQQ +16%
GOOG +8%