.covering short +UPYSC at .50 PALM 15 july puts (UN-BOXING)
Posted: Thu Jul 02, 2009 11:23 am
.covering short +UPYSC at .50 PALM 15 july puts (UN-BOXING) Sold the put short to hold the regular puts stake and remove the protection on these PUTS at the same area where entered. I see PALM here as extended and the market environment should cause a retrasement. Now have a 2x oversized bearish stance on PALM.