Thursday, October 06, 2011

Oct 7 trading plan

Plan A: At the market open, close all call positions, except 1 short Oct 7 117 call and bet it will expire worthless. At least much lower than 0.65.

Plan B

Exit sell Oct 14 107 call and cover 108 call.  Used for hedge exit to save DT quota.

Exit sell Oct 14 107 call and cover Oct 7 105 call.  Price not likely to deep below 105.

This will leave 1 long Oct 14 107 call, 2 short Oct 7 116 call and 1 short Oct 7 117 call.

Then, cover 1 Oct 7 116 call.

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