*sigh* That was the kind of move I was looking for when I bought Puts on that thing last month. Of course, NOW it drops quick.
CPB hammer is a beauty, but that gap at 32.75 would have me hold onto the Puts the way this market is going. of course, I do not have Puts on this sucker, but I do still have my and FAZ calls, as well as my MHK Puts still alive. I sold my TZA Puts for a nice 50% profit, and then took those profits and bought a bunch more FAZ. The Russell has been staying strong lately, but financials I still think drop like GBs pants if no deal is reached. I now have $17 and $18 FAZ calls.
Have been working LONG days out here, we are doing interviews with soldiers back home for a job when we get back, so I have been here in the office until LATE to deal with the time difference back home. I have just enough time to hit my room, do a few trades, and then pass out. Did NOT see such a big bounce coming last night, so the new FAZ I bought has dipped a bit, thinking of buying another batch today, on the thought that the bozos in Washington do NOT come up with a deal.
