Wednesday, April 01, 2009
Buy to Close 1 FAZ Apr 20 Put @ 4.00 (Sold @ 4.90)
Profit +90
Blah.. was hoping/expecting to make more on this trade. I closed it ahead of the MTM decision. If the market rallies on that news, then FAZ could take a big hit. Just trying to play it safe.
Blah.. was hoping/expecting to make more on this trade. I closed it ahead of the MTM decision. If the market rallies on that news, then FAZ could take a big hit. Just trying to play it safe.
Wednesday, March 25, 2009
Sell to Open 1 FAZ Apr 20 Put @ 4.90
Sold a naked put on FAZ. This is a risky play since FAZ has the potential to make 40% moves in a day. But the premium was pretty good and we could get a bounce from here.
Labels: FAZ, Naked Put Selling
