selling swing +CPV at .70 84% profit.
Posted: Fri Mar 27, 2009 11:07 am
.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.