.sellign swing C 2 +CPU puts at .23 area and +BYOPF at .64
Posted: Mon Mar 30, 2009 10:05 am
.sellign swing C 2 +CPU puts at .23 area and +BYOPF at .64 . I am locking in the full stakes on both BAC and C puts here with the intent of either adding to the puts on a day low loss or cheaper on a possible bounce now. BYOPF from .38 to here is a 68% profit, and C puts over weekend gives up 53% profit. the hedge worked though I expected a sharper fall on the puts on C than we got this morning. if ned be and the pul back continues faster than I expected I do not mind buying back the full stakes on the puts higher but after this fall a intraday bounce for cheaper entery I think should be seen