.buying swing +BYODI 9 strike BAC calls at .21 area 2X OVERS
Posted: Thu Apr 02, 2009 2:51 pm
.buying swing +BYODI 9 strike BAC calls at .21 area 2X OVERSIZED, these calls have reached today a high of .45, there volatility is strong, im not sure if I will hold it for a swing or just a day trade but the progress from the G20 meeting today seams to have been significant so using this gap cover to renter the same calls we have before profited from with sells at .67s. now only 2 weeks till expiration. I still hold the full GM calls stake and C puts stake and will keep the puts as a hedge on al the bullish positions even if they move to zero.