Inexcusable mistake

Since last week, through the time I'd sold my September LO calls today at a small loss, I was certain that the strike price was $110. Silly me, when I looked at my trade status, they were the $105 calls. Unnecessary heartburn the whole time thinking they had to rally 5% by the end of trading tomorrow or expire COMPLETELY worthless. Could have cut my losses in half just by waiting the day out... and therein lies the rub with imminent option expirations: one pullback and there's no time to recover. Haven't decided whether or not to buy another month or two out. LO is definitely in an uptrend... the question is how long this consolidation will last. How can you not be interested in a stock like this or even IBM when they trade over $100 per share and the implied value is within $1 of the underlying equity. One long candle can pay off nice. With my luck, tomorrow's the day for LO. On the bright side, I still have more capital than I did when I started my program up again. Onward and upward... no stupid mistakes.

Divergence

 13-week crossed below 200-day and pushing a triple bottom... same highs and lows... range bound... which way will it break?

13-week holding above the 200-day... higher highs and higher lows... hmmm...

Lorillard (LO)

Classic launchpad set-up... took off to multi-year highs, tested the 200-day, shoot back up over the 13-week, ready for a nice run... hope the September calls give me enough time to make significant headway. Still long SVU... looking for a gap-up over the 13-week moving average.