Traders Playground

Selling Swing: UNBOXING UPYAV at 1.00-.94 area bearishly PALM 12.50 Jan Calls. [selling to close] Sellign the long and holding the short but since the position was neutral and the options are much higher now this equates to a 7x OVERSIZED money allocation vs the original 2x oversized money allocation. This is a highly risky naked short betting against her direction . If we would of not boxed her in we could of seen over 500% gains today , but what is unique about boxing in options is that if they go up and U chose to go bearish when U inbox bearishly your position becomes much larger for during the move U had skin in the game but with no risk. Now the risk begins and have a mental stop on this position at 1.20 for its sheer size would make any risk above that to much. today will be playing this one by ear and here betting that the lower options strikes magnets shuld pull PALM towards 12.50s or maybe a mid point around 13.00.