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EquityTrader

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EquityTrader

Re: Fossil-Fuel post# 3227

Thursday, 08/25/2011 11:47:26 AM

Thursday, August 25, 2011 11:47:26 AM

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What really sucks is I sold 1/2 my calls yesterday when it went to $6.90...but, still made a lot of cash...better to take money off the table. Already up 20% now on my PUTS. In my opinion (which means nothing) the "zone" is $7.20-7.80. If it goes above you buy PUTS, if it goes below you buy calls. If it is in the middle you can do a straddle. One thing, BAC will eventually move :)

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