Friday, November 7, 2008

SOLD WYNN puts (UPDATE: SOLD DUG TOO)

Well, i am not waiting for the weekend to 'hope' it works out... i am just happy than my i lost $35... when initially it was a 50%+ loss on the position... i am happy just to get out...

As for DUG, it is here for the long haul. I have to really think about matters here... if it hangs above the low rest of this day it should be ok.
UPDATE: I CHICKENED OUT... I TOOK THE PROFIT on Jan 59 call...

I am holding the rest of my puts(NOC may'09, YHOO apr'09, MSFT nov, BYD nov) and an old PCX call that didnt strike during that last rally.

I am looking into getting a long call option in POT or AAPL. Thx to Gio & Tim.

(UPDATE: bought Dec 150/140 calls on POT/AAPL if we get a turkey rally...if not they will remain a long hedge on future puts)

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