BOUGHT +4 ESLR 100 DEC 08 5 PUT @1.40

ESLR

Covered my short puts on ESLR shorted at $1.60 yesterday for $1.40. The S&P just touched 930 level and backed down. This could go up to 940 or back down to 900. The risk/reward doesn’t look too good, so I’m unloading my ESLR options to re-enter later.

This was a short term position as planned. On the other hand, I unloaded my DELL options a bit too early in hindsight. DELL was about 12.17 when I exited, now it’s at 12.36.

Related posts:

1. BOUGHT +250 ESLR @5.99848
2. SOLD -386 ESLR @5.3515
3. Mid-week Positions Review, October 21, 2008
4. BOUGHT +1 SAP 100 NOV 08 37.5 PUT @4.20
5. BOUGHT +4 DELL 100 DEC 08 13 PUT @1.80