BOUGHT +2 ABB 100 DEC 08 10 CALL @1.55

By Paul | Published: November 12, 2008
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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