Watching Shippers Closely
August 4th, 2009
I bought some 15 strike September puts to protect my DSX position. The puts I sold to enter this position nearly paid for the protective puts. I’m still short some DRYS and TBSI puts which already have a nice profit locked in. I have some orders in to close those out.
Back to DSX. Lot’s of MA crossovers and it is fighting the 50 DMA which is flat to declining. I still like it long-term but you can’t be too careful.
DSX 60 Minute