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BP p.l.c. Message Board

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  • quarktrades quarktrades Jun 13, 2010 7:56 PM Flag

    PUTS or Sell SHORT

    LOL..the only questions seem to be:

    do I buy $35 puts or $25 puts?

    Do I buy June or October?

    Do I add some $7.50 puts just in case?

    But so far, buying puts on BP has been profitable to the tune of about 24,000% in 3 weeks. Those June 30s were alerted in our chat at .12c, and they ran to a high of $3.20

    Wait..that's more than 24,000%, lol. Oh well

    and I've posted the entry screens here on yahoo the entire way :).

29.92-0.70(-2.34%)Feb 8 4:00 PMEST