Friday, 25 January 2008

Selling the Dow 12900 call option

Just sold the balance of my Dow 12900 Feb call at 94, for a profit of $1,500.

Taking advantage of the euphoria of the last few days, whilst their is certainly potential for stocks to continue to creep higher, I don't think it would take much to get fear back into this market. [Note: the chart finishes at last night's close, the market looks set to open around 12465]


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