And here is my trade:
Filled Buy to Open 10 +GSDG Limit 0.35 09:37:29 04/14/09
PM Update (3:49 PM) - GS faked a reversal today and continued to deteriorate as we approached the close - I will hold the above position for the next two days... Nice profits on the way down as I discussed in my previous embedded assessment with Darwin (see below comments on 04-13-09).
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2 comments:
Those are front month 135 callers? What r u expecting? I'm still holding my front month F 4 puts. this thing just won't break down....although it wouldn't take much as volume is light and seems to be drying up-thoughts?
Darwin,
You are 100% correct! I don't know what I was thinking when I held those 135 APR calls which could have been sold yesterday at a nice profit - simply got greedy.
F has to come down is still too high; however, I would be looking to also sell those puts as soon as you can at least break even - if you already have a profit; take it a run.
Thank you,
Jose
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