Re: MSFT Bear
- From: "Awaken21" <lukecarlos@xxxxxxxxx>
- Date: 31 May 2006 10:16:15 -0700
I'm attracted to simpler things. I bought jun 22.50 puts for which I
paid .12, early yesterday morning. I'm up .03 at $23.14. Anything
below $23 should be profit enough for just a few days play. If it goes
to 22.50 before expiration, which I'm currently thinking it will, I'll
make about the same as your scenario only sooner.
Using technicals I can accurately predict the direction often enough
that I don't need to pay the extra .3 to cover my downside up front and
I never have to put on a trade against the overall trend for any
reason, not even as insurance. I'm also turning a profit sooner when
I"m correct. The trick is to pull the plug asap when it's even possible
I'm wrong. You can actually see a good example of how this works in my
posts concerning my play on Dell last week.
Thanks for the interesting idea though. Never know when it could become
useful....
-Luke
arthur wrote:
The market seems to be betting on 22.50 for the Jun July. The Oct.
20/22.5 Bear Put spread would cost about 65 cents. You should not
lose at 22 or less. Max gain would be maybe 1.75/shr
Buy the long leg on an up day and sell the short leg on a down day.
Live it up.
arthur
==
On 30 May 2006 11:23:16 -0700, "Awaken21" <lukecarlos@xxxxxxxxx>
wrote:
Or however you make bear plays. I like buying puts myself.
.
- References:
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- Re: MSFT Bear
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- Re: MSFT Bear
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- Re: MSFT Bear
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- MSFT Bear
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