.adding swing +BYOQK at .27-.28 area BAC 11 May PUTS OVERSIZ
Posted: Thu May 07, 2009 3:16 pm
.adding swing +BYOQK at .27-.28 area BAC 11 May PUTS OVERSIZED. These are the same high risk puts I positioned into at .18 initially today and this brings up my position to a 2X oversized puts stake. Going into tonight's stress test it would seam that the news is priced in and that there may be a sell the news type effect, but its a big question mark for we dont know what else the administration may say to bolster bullishness. I have held the stock stakes in C and consider the stock stake from few weeks back and todays puts stake as a hedge on the longer term position.