.selling swing 1/2 +CEW may 4 strike calls at .74 1/2 +CEP a
Posted: Thu Apr 16, 2009 1:38 pm
.selling swing 1/2 +CEW may 4 strike calls at .74 1/2 +CEP at .48 5 strike may calls. I am bringing down my exposure. +CEW we entered into at .18 and .60 yesterday so cant complain about 311% profit on +CEP. JPM lack luster results did U things somewhat dampen expectations and also put up more question marks and possible pul back into the close in financial according to my formulas. This has ben very profitable but with possible dilution on the table and earnings on C above others in the microscope I wish to lock in profits with the intent of latter just like yesterday finding a hedge where have not decided yet.