.buying swing +CUW at .02 and .03 OVERSIZED, C 4 Sept PUTS H
Posted: Tue Sep 15, 2009 10:10 am
.buying swing +CUW at .02 and .03 OVERSIZED, C 4 Sept PUTS HIGH HIGH RISK. C today has news that government is looking to sell its shares and that would if true equate to huge dilution. And with this being options expirey week the C puts are very cheap but rightfully so with a huge risk of them expiring worthless if we don't go bellow 4s by friday. This is a high risk high reward play but well worth the risk considering the impact a government sale of stock would have. equal money allocations in .02 and .03