.buying swing +BYOQK at .18 area BAC 11 May PUTS OVERSIZED.
Posted: Thu May 07, 2009 12:22 pm
.buying swing +BYOQK at .18 area BAC 11 May PUTS. keeping with aggressive positions I think there is the possibility of a sharp retrasement on financials now that the news have been leaked a sort of sell the news type effect. Now these puts are very very high risk the potential of 100% loss is very real, I am considering a mental stop on these puts at .13 . The multiday direction has not yet gone negative on the financials on my formulas but Im starting to test the waters with such high risk puts because the % moves on these puts can be so very dramatic I wish to make every attempt a aggressive one.