United Therapeutics faces likely regulatory delay - http://finance.yahoo.com/news/United-Therapeutics-faces-apf-14646930.html
I purchased the below 10 MAR 55 PUTS based on this negative news expecting the stock to take at least a 10.00USD hit on 03-16-09; however, the stock held up very well and closed at 59.70USD on 03-16-09. I held the position overnight expecting another significant drop but, today, 03-17-09 I had to quickly drop the position at .45 per contract as technicals indicated a potential recovery and these contracts expire withing 4 days. See plays below:
Filled Buy to Open 10 +HSUOK Limit 0.30 09:31:45 03/16/09
Filled Sell to Close 10 +HSUOK Limit 0.45 09:36:19 03/17/09
Enjoy trading and do not get greedy!
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