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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: RR who wrote (63727)5/31/2007 1:56:17 AM
From: Cactus Jack  Respond to of 65232
 
RR,

Lots have been expecting a pullback for a while. That's a gutsy trade; I hope it works out well for you.

I've been hedged for some time with SDS and QID; needless to say, those hedges have taken a beating.

Good luck with that trade; pulling for you from here.

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To: RR who wrote (63727)6/7/2007 9:51:01 PM
From: RR  Read Replies (1) | Respond to of 65232
 
RR hammer!!! Cactus, I closed the SPX put position today.

As I posted back on May 30, I had 200 SPX 1500 put options, SXMRT, with a basis of about 6.75.

Sold them today at 18.50.

That's 20,000 x 11.75 profit each = $.............. profit

Well, you can do the math.

RR Hammer!! Boom-i!!!!!

They closed at 19.50, high 19.90.

I may have left some more profit on the table but I didn't want to get greedy.(g)

RR


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