Buying Swing: buying C mar 4 PUTS at .10 OVERSIZED . This is
Posted: Fri Mar 12, 2010 1:09 pm
Buying Swing: buying C mar 4 PUTS at .10 OVERSIZED . This is my first bearish position on financials that have been on a tear as of late but with such a low premium and on my formulas multiday direction has gone bearish am taking the market contrarian stand once again. C with its gain from 3.30s to 4s is now well overbought but the momentum has been very strong on her. a pul back multiday target would be 3.70 more than enough to theoretically triple these puts if we see it before the coming expiration.