Sold out at $2.50.
Trade P/L= +$1,250
Cumulative P/L= +$6,630
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$ The PAPA ROACH Road To Riches Quest
- Thread starter PAPA ROACH
- Start date
Sold out at $2.50.
Trade P/L= +$1,250
Cumulative P/L= +$6,630
Bot 25 SPY $144 Jan 2007 Puts (SFBMN) $5.68
Bot 10 X (US STEEL) $95 Jan 2008 Puts (XMS) $7.00
Bot 15 SPY $145 Mar 2008 Puts (SFBOO) $6.78
Bot 1 SPY $145 Mar 2008 Puts (SFBOO) $6.73
Bot 14 SPY $145 Mar 2008 Puts (SFBOO) $6.74
Bot 15 SPY $145 Mar 2008 Puts (SFBOO) $6.78
Bot 1 SPY $145 Mar 2008 Puts (SFBOO) $6.73
Bot 14 SPY $145 Mar 2008 Puts (SFBOO) $6.74
Bot 10 X (US STEEL) $95 Jan 2008 Puts (XMS) $5.50
Bot 25 GM (General Motors) $20 Mar 2008 Puts (GMOD) $0.83
Bot 25 GM (General Motors) $20 Jan 2009 Puts (VGNMD) $2.80
It is unfortunate, but at this point GM's best option looks like restructuring under bankruptcy.
I don't usually buy options out of the money, in this case I am playing the bankruptcy card and dialing down my capital risk a little.
Bot 25 GM (General Motors) $20 Jan 2009 Puts (VGNMD) $2.80
It is unfortunate, but at this point GM's best option looks like restructuring under bankruptcy.
I don't usually buy options out of the money, in this case I am playing the bankruptcy card and dialing down my capital risk a little.
These are great trades, may I ask what is your general method and how long you have been trading?
Bot 25 Plum Creek Timber (PCL) $45 May 2008 Puts (PCLQI) $3.00
Bot 10 CHK $37.50 Apr 2008 Puts (CHKPR) $2.05