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Friday, June 28, 2013

Option Trading and General Market Update

Our model closed the position in the October 2013 $7 strike price call option for Huntington Bancshares Inc. (NASDAQ: HBAN) at $1.00 for a 1.01% return.

Our model opened a position in the September 2013 $33 strike price call option for oil (NYSE: USO) at $2.23.

Here are the current short, intermediate, and long term stock market direction trends for the market sectors.

Dow Jones Industrial Average (NYSE: DIA): Up/Down/Up
SP 500 (NYSE: SPY): Up/Down/Up
Nasdaq Composite (NYSE: QQQ): Up/Down/Up
Oil (NYSE: USO): Up/Up/Up
Gold (NYSE: GLD): Down/Down/Down
Silver (NYSE: SLV): Down/Down/Down
Dollar (NYSE: UUP): Up/Down/Down
Bonds (NYSE: TLT): Up/Down/Down