Tag Archives : puts
Posted by Dr Mike on July 28, 2010 0 Comments
Position: 2 August 15 Puts
Avg. Price: .54
Profit: -$34.00
I bought these puts as a hedge on the BAC calls. The market looked weak at the close yesterday so I thought a little protection might be in order. I bought the front month so I will not hold these too long. My stop on them is .44 and I will take profit if the XLF drops quickly so I'm not holding them when it rebounds.
Stopped out [...]
