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.buying swing +BYOPF 6 strike april puts at .38-.39 and +CPV
TEST
Posted: Wed Mar 25, 2009 2:48 pm
by MMASSASSIN
from March 25, 2009 12:39:05 PM EDT
posting what I posted in the room a little late in the boards today
.buying swing +BYOPF 6 strike april puts at .38-.39 and +CPV 3 C puts both 1X OVERSIZED
TESTTTTTTT
.selling swing +CPV at .70 84% profit.
Posted: Fri Mar 27, 2009 11:05 am
by MMASSASSIN
.selling swing +CPV at .70 I am here selling the remaining oversized C puts stake $-) at 84% profit. if we lose day lows then I am wiling to renter these puts but the new consumer sentiment numbers were quite positive and with the quick move up seen today on BAC I wish to lock in the puts profits here. This by no means that the risk is over multiday direction still have not gone positive on either BAC or C but im here removing the puts hedge for now while the profits are strong. if these puts move back to .75 then I would renter them 5 cents above exit or if stock loses day lows. I will hold the BAC puts for now the remaining stake.