from March 25, 2009 12:39:05 PM EDT
posting what I posted in the room a little late in the boards today
.buying swing +BYOPF 6 strike april puts at .38-.39 and +CPV 3 C puts both 1X OVERSIZED
TESTTTTTTT
.selling swing +CPV at .70 84% profit.
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MMASSASSIN
- Trading for living
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- Joined: Thu Jan 29, 2009 1:30 am
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MMASSASSIN
- Trading for living
- Posts: 5599
- Joined: Thu Jan 29, 2009 1:30 am
- Contact:
.selling swing +CPV at .70 84% profit.
.selling swing +CPV at .70 I am here selling the remaining oversized C puts stake $-) at 84% profit. if we lose day lows then I am wiling to renter these puts but the new consumer sentiment numbers were quite positive and with the quick move up seen today on BAC I wish to lock in the puts profits here. This by no means that the risk is over multiday direction still have not gone positive on either BAC or C but im here removing the puts hedge for now while the profits are strong. if these puts move back to .75 then I would renter them 5 cents above exit or if stock loses day lows. I will hold the BAC puts for now the remaining stake.