/b UALXM at .30 area OVERSIZED UAUA 11 Dec Calls. UAUA here
Posted: Tue Dec 15, 2009 11:22 am
/b UALXM at .30 area OVERSIZED UAUA 11 Dec Calls. UAUA here has reach overbought levels not seen in over 2 years. We were bullish on UAUA for a while but here am reattempting a bearish bet on UAUA with options expiring friday. Also looking for an entry on the January 9 puts +UALML but don't wish to pay more than .30 on them. as mentioned in the room when entering low vol. opting its best to watch the L2 and wait at bids for the spread tends to be significant, and with a month to go and this far out of the money the volatility low.