Buying Swing: covering short QZNLH at .01-.02 AMZN 140 calls
Posted: Thu Dec 17, 2009 10:29 am
Buying Swing: covering short QZNLH at .01-.02 AMZN 140 calls Dec about 100% PROFIT [BUYING TO CLOSE]. Am here going to today exit the AMZN calls at .01 just shy of 100% profit as these calls should definitely expire worthless and as a naked short precisely what we looked to happen. GOLD obviously finally had the big pull back that we have been looking for to happen last few weeks on the final day of option expiration, but the GCZLH 112 puts still retained some premium so am adding another OVERSIZED short on it with the intent of covering those also at .01-.02 at close today.