BOUGHT +1 C 100 NOV 08 5 CALL @3.50

Citibank

Well that was fast. This trade lasted only 36 minutes. I shorted for $3.25 and was stopped out for $3.50. A lost of $40 with commission. I dumped my holding when my stop was hit this time. No question asked.

The market rallied fast in the last 20 minutes to close at 858.82 for S&P 500. Let’s see how the market does tomorrow.

Related posts:

1. Bought +3 PG 100 AUG 09 52.5 CALL @.60, Mark 52.16
2. BOUGHT +1 UYG 100 NOV 08 3 CALL @.55
3. BOUGHT +2 STRANGLE C 100 DEC 08 5/2.5 CALL/PUT @1.62
4. Bought +3 STRANGLE XLF 100 JUN 09 13/12 CALL/PUT @.69
5. BOUGHT +2 TCK 100 NOV 08 5 CALL @1.00