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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: wildandwonderful who wrote (8548)	3/19/2008 6:35:21 PM
From: SliderOnTheBlack	Read Replies (2) \| Respond to of 50710

re: FNM ["I expect FNM 30 will be taken out. April 30 calls were up 166% yesterday closed at 2.40, I won't be surprised if they close above 3 if the Govt plan to ease Capital Collars are announced."] It was announced and Fannie up another +8% today on one helluva ugly "shoulda smoke'd 'em if ya had 'em" tape. The $30 calls rise from the abyss, and finally come into the money. I thought we were going to see $15 before $30. Damn. That was one hell of a ride. Once again, whether in the midst of war, or an ugly tape... Smoke 'em if ya' got 'em! So sticking with that theme, I decided that discretion was the better part of valor here... =============================================================== To: wildandwonderful who wrote (8462) 3/17/2008 3:34:20 PM From: SliderOnTheBlack 2 Recommendations Read Replies (6) of 8582 "Watching GS, but the only thing I did today was sell some LEH $10 & $15 April puts." =============================================================== I sold LEH April $10 puts (LYHPB.X) Monday for $1.55 and bought them back today for .35c. And sold the April $15 puts (LYHPC.X) for $3.70 Monday, and bought them back today for .60cents. Pretty near a 5x return locked against the box... not bad for a 48 hour turn, but then again -- sometimes you just have to do a little short term tradin' because as you all know... -- "you just can't be going around picking the eyes out of longterm trends." So if you can't go long term - go short term. Mo later, S.O.T.B. ...and PS: Did you hear them on CNBC today? They're already chiseling in the epitaph for gold and commodities. Remember what Napoleon said...