UPDATE Trade: BAC short...Winner

26-AUG-10: Exited the rest of the position at $1.43...total profit on 10 contracts $435...not too shabby.

25-AUG-10:
They said to take half off at $1.50...Order triggered. So new Cost Basis is 0.56 on the remaining position.


23-AUG-10:
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.

Chart: