.adding swing +BYOEK CALLS at .43-.47 OVERSIZED, BAC 11 may
Posted: Thu May 14, 2009 9:54 am
.adding swing +BYOEK CALLS at .43-.47 OVERSIZED, BAC 11 may calls. This brings up my position to a 2X oversized stake with the higher initial entry yesterday at .60. The pull back on the calls here at the open is brining about some nice accumulation points and I believe that for the next few days we should see the options move up to higher strike magnets. In other words a little 3 day market rally to punish puts just as calls were punished earlier in the week as we called for. Usually I wait for the opening hour to pass but wish to position early. This is very high risk and the volatility is HUGE I believe the possible reward to be worth it.