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Selling Swing: selling USO 17 Weekly puts at .69-.60 area so

Posted: Fri Feb 04, 2011 12:43 pm
by MMASSASSIN
Selling Swing: selling USO 17 Weekly puts at .69-.60 area so about 100% profit from .31 entry. These puts did not work till the final day and was only one oversized entry. Something that today looked like a loss now worked out very well simply since the driver was on middle east stability leading to disruption, something that has not so far happened. Its been a difficult week but chose to hold this one trough. Remain bearish on OIL. Now that the markets have held there break out levels am considering further accumulating to the far out AAPL 360 Feb calls for think there is a pent up need for her to move up. Also looking for entries on NFLX 215 puts today expiery for a scalp would like to clear at .10 area, in an attempt to time the top, obviously higher risk spectrum.