BOUGHT +1 UYG 100 NOV 08 3 CALL @.55

By Paul | Published: November 21, 2008
Ultra Financials

Ultra Financials

S&P 500 intraday

S&P 500 intraday

Just a cheap shot in the final 45 minutes of this option expiration Friday.  S&P has shot up to 775 and retraced a little.  The Advance-Decline line has turned up and the TICK is strong during this retracement.  This looks like a strong setup to rally into the close.  Let’s see if the market can do it.  Otherwise, there goes $62.50 into the drain.

Share|

Related posts:

  1. BOUGHT +2 STRANGLE C 100 DEC 08 5/2.5 CALL/PUT @1.62
  2. BOUGHT +2 TCK 100 NOV 08 5 CALL @1.00
  3. BOUGHT +2 ABB 100 DEC 08 10 CALL @1.55
  4. BOUGHT +3 STRANGLE TCK 100 DEC 08 5/2.5 CALL/PUT @.53
  5. BOUGHT +5 STRANGLE GE 100 APR 09 12/11 CALL/PUT @1.37
This entry was posted in Stocks and tagged entry, options, UYG. Bookmark the permalink. Post a comment or leave a trackback: Trackback URL.

Post a Comment

Your email is never published nor shared.

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>