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

To: Debt Free who wrote (4655)	10/14/2010 4:04:33 AM
From: dealmakr	1 Recommendation Read Replies (1) \| Respond to of 5891

Hi Debt Free, looks like a good way to generate some income from this move and gain a bit of protection against a pullback. The WFR trade just closed is one that I was never real happy with. From the initial entry the stock moved lower and I felt that I had overtraded the position. Even though I liked the potential of the company, the decision to exit the position enables me to take a more objective look at where the stock can go from here. With INTC & JPM selling off after earnings yesterday, maybe stepping away before earnings will be the prudent move, but Mr Market will decide. dealmakr