AMZN 30 Apr = 4.75 : 6K
Bad DOW day:
==> YHOO 7 Apr x5 > 0.9 : 3.5K
==> VMW 15 Apr x3 > 1.8 : 4.5K
=> AAPL 65 Apr > 6 : 6.5K
IBM 65-45 Apr > 3.5
Sunday, December 7, 2008
Wednesday, December 3, 2008
Another Dow crash
Another major crash for the Dow and Nasdaq early this week. This is certainly a buying opportunity.
Amazon is a good company that has been severely beaten down. Selling puts at 25% below.
Plan:
If option stays OOM (price > 30) - let it expire.
If option goes ITM (price = 30) - either roll down, or if that's too expensive, let it get exercised and add limit-sell-order for sale of stock.
Amazon is a good company that has been severely beaten down. Selling puts at 25% below.
Plan:
If option stays OOM (price > 30) - let it expire.
If option goes ITM (price = 30) - either roll down, or if that's too expensive, let it get exercised and add limit-sell-order for sale of stock.
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