AI
Monday, February 09, 2004 4:56:03 PM
FWHT..2 day gainer, called the straddle with emphasis on the put play tonight. We'll probably have to supplement any morning gap with a stock play.
Later in the session locked in.
FWHT.. straddle (emphasis on puts after a run) Looked for an imbalance of more pust than calls after the run up last 2 sessions (FWHT called on FEB 6 as well) already
What I like about FWHT is that I don't think this one will stagnate either and move big in one direction. Have my eye on the 17.50 February puts which have a pretty big spread now $0.40 to $0.65 although I did manage to pick up some at $0.65 earlier. The February 20 calls are about $0.80 and I wouldn't think we need to pick up both positions this early. Picked up the puts mostly because they were cheap. FWHT will be on the newsletter on Monday.
Later in the session locked in.
FWHT.. straddle (emphasis on puts after a run) Looked for an imbalance of more pust than calls after the run up last 2 sessions (FWHT called on FEB 6 as well) already
What I like about FWHT is that I don't think this one will stagnate either and move big in one direction. Have my eye on the 17.50 February puts which have a pretty big spread now $0.40 to $0.65 although I did manage to pick up some at $0.65 earlier. The February 20 calls are about $0.80 and I wouldn't think we need to pick up both positions this early. Picked up the puts mostly because they were cheap. FWHT will be on the newsletter on Monday.
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