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.selling swing 1/2 BAC 5.95 1/2 C at 1.76 and +CDW at .09 ar

Posted: Fri Mar 13, 2009 12:58 pm
by MMASSASSIN
.selling swing 1/2 BAC 5.95 1/2 C at 1.76 and +CDW at .09 area and +BYOCE 1.07 area BAC 5 strike Mar CALLS. $-) I am now locking in some profits on the stock on BAC that we reentered at 4 bucks as a swing and the options that we entered at .43 and now get to make 147% profit on the options $-) multiday direction remains bullish but on my formulas I see significant negative plus the shorts area again flexing there muscles which is understandable after 3 to 4 days of consecutive gains. if multiday terns negative I will lock in more profits with the intent of again buying back cheaper. If strength reemerged I dont mind buying higher, here the intent is again to bring down risk $-) the C calls are a loss but im selling the full lot to perhaps enter lower risk calls latter.