Wednesday, March 18, 2009

FAZ will have to wait. Stopped out... the wrong way.

Well, if anything, what i should have done was place a trailing 10% stop on FAZ. I would have @ least had a small profit. But i am glad that i only committed to 1/2 a position at the time. So, losing a few bucks here is still ok.

FAS july 4 put is still far out enough to get back ITM. but the time decay might kill off the option.

Alright see i am busy this week but will have an eye on FAZ hitting the 52 wk low...

As for this possibly missed opportunity on FAS, well that is all it is a missed opportunity thus far. I am inclined to dip in if it breaks $6. otherwise, no rush here.