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Buying Swing: buying NBG OVERSIZED at 2.53 this is my initia

Posted: Wed May 26, 2010 10:20 am
by MMASSASSIN
Buying Swing: buying NBG OVERSIZED at 2.53 this is my initial entry into a new swing trade on NBG This is the National Bank of Greece . I am here obviously trying to time the bottom of the greek crisis and this is my first attempt to do so. According to my discipline a stock position is 5 times the money allocation of a options position so am moving in aggressively with a mental stop at 2.40. Am under the belief that the bailout package is removing risk considerably here and if she dose pass 2.60 and the multiday positive clears then would add an additional oversized position.By the way the AAPL calls position from yesterday the june 270 calls we entered into at 2.43 are now 3.20. On the next leg up we should see 100% gain on the AAPL calls .