.buying swing OVERSIZED +BYOPG at .44 area 7 strike April pu
Posted: Mon Apr 06, 2009 12:04 pm
.buying swing OVERSIZED +BYOPG at .44 area 7 strike April puts . there is only 12 days till expiration but as I have been emphasizing in the room all morning, today there possibility of a strong pull back in the markets and financials is strong, even though I put some positive positions in autos I wish to focus strongly on puts in financials that have not had a proper consolidation. these are the same puts I mentioned on the email this morning 7 strikes but I dident wish to pul the trigger till the weakened in the markets showed more follow trough bellow 7900. am making a bearish stance with autos as my bullish hedge.