BOUGHT +2 ABB 100 DEC 08 10 CALL @1.55

Posted on 12 Nov, 2008 in Stocks | 0 comments

ABB Ltd.

ABB Ltd.

Wow, ABB share price is at $10.44. I am adding to my ABB short puts from this morning and bought some Dec 10 calls for $1.55. This is a steal!

My analysis from the previous entry still stands.

Max pain for Dec of ABB is at $20… At effective price of $11.55 for my shares, the risk/reward potential is … huge!

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  1. Unloaded some more longs on this +50 points S&P500 day | Quantisan Systems - [...] I sold my +2 ABB Dec 10 calls purchased at $1.55 for $1.70. A breakeven trade after commission. The ...

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