Market Feels Unstable

It seems Priceline (PCLN) is able to escape the European mess, but the overall market is giving back early-morning gains on yet more comments from the continent. This time it's about violating the EU Treaty and hyperinflation.

I don't think the move in oil over the last six weeks has helped alleviate the inflation fears nor the comments from just about every company with any association with food products discussing the impact of costs. I am adjusting my PCLN position here on its strength this morning. I've added Nov. 18 $565 calls at $3.70 to cover the short portion of my ratio call trade which was long 1x Nov. 11 $495 call and short 2x Nov. 11 $550 calls....267 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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