Wednesday, March 28, 2007

JOYG option trades for March



Here's my option trades on JOYG.

I had calls early on from the 40 area but sold at b/e. After seeing the rally spike I started a put position very near the top on Tues. Closed for 1k profit and today put again for 424.25 gain. Had the potential do add or (do it twice). I like trading these but the spread can be quite rich.


Oil appears to be over bot short term.
Traders could lighten up.

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