Just another manic monday??

Monday looks like a mega mega gap down since dow jones is down.
contrarian call buy 4600 call target 100-120-160
for june
so the buy zone has to be 50-60-80 max
sl = 0 target double/tripple
buy 2-3 lots sell half at double , sell full at tripple

hedge for 4600 call long = 4800 call short if/when the 4600 call moves into profits.
try to sell 4800 call for around 30 or try to sell the 4750 call option for 50.



forming an intermediate bottom can be a painful exercise, will take a while.
If you get a gap down on monday take profits on all shorts.
For friday I had reccomended short relcap/ntpc, did try trading nf long but got stopped out for a loss of 10 pts.

If you want to be on the intraday call list on yahoo my id is rajak1981@yahoo.com
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