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BP $30 Puts +212% at the openhttp://img241.imageshack.us/img241/4828/bpr30level2totalview201.pngBP 35 puts +295%http://img198.imageshack.us/img198/9129/bpr35level2totalview201.pngCongrats to those who bought last weekGLTA!
What is your take on selling covered calls on this bad boy?
Did thatI'm on my second instance of long stock position, sold calls and bought out of money put.Jan 11 sold $30 calls, bought $15 put
All last week the $41 June and July puts were ridiculously cheap. Today is my payday!
BP $35 puts +212%1.21 now, risingFYI!Looks like BP is headed for another leg down...losing $38http://img63.imageshack.us/img63/9129/bpr35level2totalview201.pngVXX calls:http://img704.imageshack.us/img704/2571/vxxf40level2totalview20.pngJMHO, ymmv!