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Re: Footquarters post# 7365

Monday, 02/26/2007 8:56:28 AM

Monday, February 26, 2007 8:56:28 AM

Post# of 384723
Foot... Totally agree, we're gonna tag one of those levels in the next couple days and it's anyones guess as to which one, hence a neutral position is warranted?

Currently controlling 10Mar46 puts and 10Mar45 put options or 2000 shares above 46 and 2000 shares below 46.

Also have sold short 10Mar43 calls at 2.45 and bought 1000 Q shares at 45.26. If prices goes up to 46.00 I unload the 1000 Q shares and if price drops below 45.00 I buy back the 10 Mar43 calls and then the Q's are trapped at 46 or 45 respectively for the duration of the OE period?

Good trades,
nm
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