Carnage On Wall Street, Buy Buy Buy

Stocks are tanking today, with the Down down over 300 points on more of the same as unemployment data and retail sales numbers released today, showed that the economy is weak.

With the carnage on Wall Street today, we are looking for a temporary rebound tomorrow/Monday and traders should position themselves ahead of that move. Here are a couple trading ideas:

IBM (IBM) September 115 calls.

Amazon (AMZN) September 80 calls.

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September 4, 2008 | Filed Under Options 

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