.buying swing F at 2.57 GM 2.22 and +FDH at .14 F 4 april ca
Posted: Mon Apr 06, 2009 10:23 am
.buying swing F at 2.57 GM 2.22 and +FDH at .14 F 4 april calls all LARGE . Friday as the market closed bullish I was moving into a more bearish tone and sold my GM stock from 1.90 at 2.14 prematurely expecting to see a negative tern on the market today and this week as the market should consolidate after the run we have had the last few weeks. I will be looking to take a bullish stance on autos especially after the debt reduction news from F today. But will be looking to position into BAC puts perhaps the 7 strikes now that the gap down has been fully covered to still play both sided.