Straddling the volitile market

So I am long on oil, in OIH calls, and short Boeing (BA) puts.

I bought the OIH calls last week, and am about 20% ahead on those, though they've been girating like a drunk belly-dancer, so we'll see how that goes. I've got a limit sell at $4, it's at about $3.50 now.

Bought the Boeing puts today, as BA was up about 1 point. BA is hitting resistance from its short head and shoulders top. If it breaks north of the nape on volume (it's right at the nape now, so I'll be watching closely), I'll bail, but for right now, I'm pretty confident of my positions.

We may be coming up on a bear, but there is likely to be a good deal of back and forth for the foreseeable future, so I'm straddling the fluctuations.

Meantime, I'm still having a hard time finding any good buys, but short candidates abound. My two current favorite short candidates are CRR (downward Dow with capitulation volume, coming up on resistance) and GPI (blowout top losing steam). Check them out...

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