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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (3190)10/15/2008 10:01:48 AM
From: kaka1 Recommendation  Read Replies (1) | Respond to of 5891
 
Hi Jerome,

Thanks for your conviction. Based on your sentiment, I paper traded your recommendation for GM with Nov contracts; we'll see how it plays out. As you know, I don't trade/follow GM or most equities, so I'm not sure I would have done with this real money. Did you tade your recommendation real time?

The paper trade went like this:

Buy +10 covered GM Nov 7 call/GM @ 5.30 for -5300.00 plus 39.95 commission (breakdown of this covered trade is buy 1000 GM @ 6.40 and sell -10 nov 7's for 1.10)

Sell -10 GM nov 6 puts @ 1.39....adds 1390.00 - 24.95 commission.

Here is a snapshot of the trade,
cheers,




To: Jerome who wrote (3190)10/15/2008 11:20:26 AM
From: Gottfried  Respond to of 5891
 
financials: beware Message 25070328

I'm trying to figure out a way to dump my small C position.
They report tomorrow
I'd rather have more INTC or cash


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