.adding swing +BYOPF 6 strike april puts at .48 and +CPV 3 C puts at .63-.64
from March 25, 2009 2:38:59 PM EDT
posting what I posted in the room a little late in the boards today
.adding swing +BYOPF 6 strike april puts at .48 and +CPV 3 C puts at .63-.64 I am accumulating to my existing entry before the financials pulled back from .38 to bring up the holding to a 2X oversized stake and this position now is equal to the calls stake. big smiles on the initial entry already up 32% $-). My shift in strategy was to reduce long exposure and move into bearish positions on puts with the intent of latter on in the week moving that money back into calls and profiting from a pull back but having a stake positive for incase positive news comes out. pla ying both sides but when doing it timing is everything and so far the timing has been perfect in predicting the first leg of the pull back today in financials. I think BAC could have a retrasement as strong a
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