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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: chowder who wrote (5727)	10/7/2005 10:25:32 AM
From: profile_14	Respond to of 13449

Sold my PBR calls for 4.00 (a 50 cent gain) on a 3.55 basis, or 14.1% profit. Sold my RIO Jan 40 calls for 2.40 (a 30 cent gain) on a 2.10 basis. That was a bad trade as I left a lot on the table. The volatility has gone up and the stock is trading lower than it was when I sold it but the option price is higher by another 20 cents. Either way, that ends up being a 14.3% return. Little by little it all adds up. Staying nimble as I never saw a market turn around on a Friday. I think it happens intraday Tuesday, at the earliest. Who knows...