.selling swing 1/2 +BYOPF at .42 BAC 6 PUTS, and 1/2 +CPV at
Posted: Thu Mar 26, 2009 1:31 pm
.selling swing 1/2 +BYOPF at .42 BAC 6 PUTS, and 1/2 +CPV at .58 C 3 PUTS. this is a more or less flat exit from yesterdays entries bringing down my holding to a 1X oversized position in both BAC and C puts. I have still a 2 X oversized position in both BAC and C calls so now I am still hedged with puts but with a much more bullish stance, Instead of selling these puts entirely I instead with to add to my calls stakes and focused back on GM . Still holding 100% of the GM stock stake from 2.00 but after making 366% profit on options on GM the other week am looking into positioning on the 5 strike calls for April.