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Re: omandan post# 22129

Monday, 08/13/2007 12:38:39 PM

Monday, August 13, 2007 12:38:39 PM

Post# of 388900
Hey Dan, with 47.4 to 47.5 safely (or unsafely?) left behind, it looks like the Qs are being engineered to go up into the opexp. Target 48.5, maybe slightly higher. So, I bought this morning a structured call spread (b47, s48). In my lingo, structured = 1. buy first 47 - let it go up( if it goes down, sell); 2. sell 48; 3. if Qs go down and you are still confident, repeat 1 and 2 to acquire more. If it goes up, relax and enjoy. Right now I am in the green for both legs, which means that the structuring worked ($0.12 cheaper than the quote). It also means that so far it does not go anywhere. If it really goes up, I might lock in at some higher level.
How was your weekend? Mine was very quiet.
Have fun and good trades! fox
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