The Options Clearing Corporation (OCC) has enacted an industry wide initiative known as the Options Symbology Initiative (OSI). The new options symbology will expand the current options series key, commonly referred to the as the OPRA symbol, from a 5 character (OEBLK, as an example) convention to a new key that accommodates up to 22 characters.
This will affect the "names" of the symbols we provide you, and is taking place throughout January, 2010. Please check with your brokerage to understand the new symbols.
* 80% of your gains are with 20% of your stocks. It’s the size of the gain that matter. We thought we would share this as your fiscal year ends, and you review your holdings, as we are doing in our Blue Chip service.
Yesterday we saw futures show a 62 point decline prior to opening, at 8.37 a.m., and by 3 p.m. we had seen a drop to 10,269, right near our support lines.
XEKMT, our January put, was profitable finally 25 to 35%. We continue to hold the open call through today for stop loss, or break even. No entry was made to our new call trade yesterday, as movement was so light.
Here's the summary: DOLLAR REBOUND CONTINUES AS EURO BREAKS CHART SUPPORT -- US BOND YIELDS JUMP -- RISING DOLLAR THREATENS EMERGING MARKET LEADERSHIP -- S&P 500 MEETS LONG-TERM RESISTANCE NEAR 1120
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