Traders Playground

Buying Swing: buying PALM April 5 calls at .18-.19 OVERSIZED . This is initial entry in the higher risk 5 strike calls. Today PALM is pulling back a bit but multiday direction I still see as bullish so the calls that have today hit a high of .31 are now .18 so using the volatility of these options to time an entry in the high risk 5 strike calls before the direst leg up of the day begins. As mentioned yesterday real short covering should bring her back to 7s if these takeover rumors persist but within time of expiery she should have if this short covering regains momentum no problem going deep in the money on these calls.