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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