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Wednesday, August 26, 2009
The Mother of all Final Hour Volatility Squeezes: AIG
Holy Moly! I took 2 quick scalps totaling only a paltry $10 when it broke above the key $35 resistance but unfortunately missed the lion's share of the move... too late to chase now. Incredible
That was a crazy move. I kind of hate myself right now for not buying the $38 calls I was contemplating buying as I thought there would be another squeeze to the upside after this consolidation. But what you gonna do.
That was a crazy move. I kind of hate myself right now for not buying the $38 calls I was contemplating buying as I thought there would be another squeeze to the upside after this consolidation. But what you gonna do.
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