- CTX – out of March $50 puts $1.20
- Too bouncy – I will get back in later…
By the way, I’m heading to the city at noon, won’t be back until late but I’m setting stops if we break the levels I set yesterday on the 3 canary rule (3 of our tracks break down). As I always say, when in doubt, sell half! I don’t mind being half right and I can stand being half wrong but I really hate to be all wrong…
AAPL perking up nicely!
- Must sell FXI $108s if Dow finished more than 50 points down.
GME doing well
MRO and MUR having some kind of party.
- Taking out TSO $80 putter for .55
- Want to DD on VLO Mar $55 puts at .60 or less.
- Buying HPQ Apr $40s for $2.2.70
- selling $40s for $2.10 if it drops below $40.50 but not otherwise
- DD on VLO $55 puts at .75
All this XOM flatlining has made the Apr $72.50 puts very attractive at $1.05, I’m going to start buying them for $1 to offset my April $80 calls, which I still have too many of.
- Trying for second round of VLO $55 puts at .50
- that will bring my avg down to what I originally wanted – should have been more patient…
Posted February 21, 2007 at 11:28 am Permalink (Edit)
- 1/2 out of GM $35 puts for $1
- applying to basis with .75 stop on the rest.
