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Re: dave_s post# 56507

Thursday, 05/07/2009 10:13:37 AM

Thursday, May 07, 2009 10:13:37 AM

Post# of 77489
Thanks. Running out of ideas here. I don't want to chase many of these and there seems to be so much upward momentum in the market. Scared to short. I am taking profits and raising my cash levels. Trading SRS for kicks!

Bought back May calls on my BAC covered leaps and sold the Jun 15's for 2.05 to 2.08. I have a bunch of BAC Jan 2011 7.50 calls with an average cost of $2.92 (now 8.50) Nice to get over $2.00 on those June's sold here.

Joe

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