Monday, March 17, 2008

I'm getting out of my long positions

I just sold most of my positions in pre-market essentially wiping my gains from the position trades and gave back a few on the others. And still trying to get out of what's left. Just trying to get out of the way of the freight train and decide what to do next.

I have some PUT option contracts for LEH GS MER ...I don't have a lot, just 30 put contracts for each which I bought last Friday. BSC would have been a sweet put option trade but the premium was just very high last Friday. If only I knew that they are $2 company now, I would have made a killing (figuratively speaking).

2 comments:

PUTS ON THE POP said...

NICE CALL on the "puts"!

POTP!

Johnson's Blog said...

When you gonna update the blog? Miss your commentary PT. Hope things are going well for you.