Tuesday, will it be a follow through day?

General notes
Has found an interesting article about the historically most volatile stocks during earnings season (for the full story go to Ticker Sense). (Side note: Also, it was interesting to see a Hungarian name behind the blog&co). It gave me the idea to make a watchlist from my optionable standard one. Here are the candidates in reverse order:

• SHLD, reporting: 18 May
• CTSH, 3 May
• SNDK, 26 April
• WFMI, 3 May
  

Watchlist additions and filtered trade candidates
SCHN - Schnitzer
TTC-A long: AAPL, JCP, MBT, MLM, PVH, RIG
GAPHV: CAT, CMI, JCP, JOYG, MLM, PCAR, TNB

Trade session notes
Nikkei...17451.77...-3.60...-0.0%.
Hang Seng...20572.80...+16.23...+0.1%
FTSE...6432.90...-46.80...-0.7%.
DAX...7281.77...-53.85...-0.7%.

CBOE VIX

13.04

0.50

9:51:14 AM ET IBM was surging up swinging my thus it was due time for a tight trailing stop (.05 points bid down from).

10:11:39 AM The trailing stop was triggered at $1.05 bringing this second leg into a profit.

11:40:44 AM Made a $8.8 limit order for 1 MLM June 140 Call contract. From a basic point of view it might be seen as a contrarian trade, but in fact it is not. I told myself, that as it was confirmed both on TTC-A and GAPHV setups it is clearly a buy, then as it was falling on easy volume I have took it as a confirmation. On the other hand in the past hour the VIX came back from 0.73 to around 0.41 that indicates a potential for the turn of the market sentiment to rather bullish. LATER THE MARKET TURNED MY WAY, JUST BEFORE HITTING MY LIMIT. THIS IS ANNOYING :(... I AM YET TO FIND A BETTER WAY TO SET IDEAL ENTRY POINTS ON TTC-A TRADES.

Open positions at market close 23 April 2007

Advanced positions - leg leftovers

.IBMET

IBM MAY 100 Call

$95.21

$0.15

($100.00)

.LMQEK

LRCX MAY 55 Call

$52.97

$0.75

($105.00)