Thursday, August 26, 2010

UPDATE Trade: BAC short...Winner

26-AUG-10: Exited the rest of the position at $ profit on 10 contracts $435...not too shabby.

They said to take half off at $1.50...Order triggered. So new Cost Basis is 0.56 on the remaining position.

Got another alert today from Extreme regarding BAC.

So I am short BAC via the Aug (weeklys) $14 puts.

Entered 10 Contracts for $1.03 each.

This was entered based on the hourly chart showing a retest.


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