HAL is down from $40 this time last year so the May $32.50s are a reasonable gamble at $1.25
GFI – LOL, stick around long enough and anything can happen. Which reminds me, we should look at GDX, which has nice $1 brackets to sell into so I’m going to take some Jan ‘09 $43s for $7 and sell the May $43s for $1.20 or better, no less than $1 (.20 Tstop)
Mattress – absolutely but you’re a bit late. DIA May $125s up a dime at $1.55, if we need level 2 we trigger a buy of 1/2 the number of $124 puts at $1.50 and set a $1.75 stop on the $125s and then pretty much repeat that cycle on the way down with .25 trailing stops.
Oh I can’t wait for DIA May $124 puts, going to pick up some at $130 with $1.20 stop. XXX
Posted April 11, 2007 at 10:48 am | Permalink (Edit)
$10KP BIDU selling the Apr $100 for $2 on that remaining open position – good idea Daveo
This puts the Fed in an uncomfortable pause. They can’t cut rates but they must cut rates re. inflation and to sell TBills – must sell close calls against LTP!!! XXX