.selling swing +BYODI BAC April 9 CALLS at .25 and +CDW 4 st
Posted: Tue Mar 31, 2009 4:03 pm
.selling swing +BYODI BAC April 9 CALLS at .25 and +CDW 4 strike April CALLS at .06 I am taking some strong losses on these option calls from last week late entry, but the strategy here is to use todays bounce to lessen the loss and hold what is now a 4X OVERSIZED stake in the +CPU 2 strike C puts down on what I think today should be a bullish trap. these 2 calls im exiting were both 2X oversized stakes and im selling them fully making my position fully bearish on options.