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Old 07-02-2009, 12:23 PM
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Join Date: Aug 2008
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Default .covering short +UPYSC at .50 PALM 15 july puts (UN-BOXING)

.covering short +UPYSC at .50 PALM 15 july puts (UN-BOXING) Sold the put short to hold the regular puts stake and remove the protection on these PUTS at the same area where entered. I see PALM here as extended and the market environment should cause a retrasement. Now have a 2x oversized bearish stance on PALM.
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