Options Review on 17 Oct

The bull market continues in fury, the Dow Jones industrials has gone passed the all time high of 12,0000 marks.

Let review the trades I mentioned earlier-

Parker-Hannifin CorpCorporation (PH) , which makes parts for the aerospace and construction reported first-quarter earnings soared 22 percent and earnings $1.75 per share above analysts estimated $1.48 per share. The stock gapped $3 on the opening bell to $87 , but ended the day with a disappointing $83. Hooray to those took profit in the earlier session.

Share of CSX Corporation(CSX) rose slightly on after the railroad reported quarterly earnings of $0.54 per share that topped Wall Street expectations of $0.51 per share on heavier shipping volumes and higher prices.

and General Dynamics Corporation(GD) reported a 17 percent increase in third-quarter earnings and earnings $1.08 per share was above the forecast of $1.06 per share of analysts surveyed by Thomson Financial. However, it gapped down to $2.00 per share and eventually ended the day with disappointment and further fell on Thursday 19 Oct after the company warned lower-than-expected third-quarter sales, and two research analysts downgraded the stock.