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Strategies & Market Trends : Contrarian Investing

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From: pcyhuang8/23/2007 8:40:01 PM
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Confession of an option trader

During the last few weeks, I have accumulated a very large position on NFI -- selling puts expiring between now and March 2008 and buying calls on various strikes that expire in 2010. This short put/long call combination has a positive cash flow. I expect NFI will appreciate to between $30 - $50 per share and expect profit of my position to be in the 6 figures range.

A few of my previous postings on NFI are here:

Message 23782028

Message 23787866

Message 23798378

pcyhuang
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