Sold Mar 29 calls and bought 35 and 40 calls (200 each). Kind of scary to look at the volume of calls. But bougth it. Yeah I did kept my original money back.
AIG's torrid share spike on Tuesday afternoon was fueled by a Bloomberg report that more asset sales are on deck for the reorganizing insurer.
This is what the reason for spike. Many of the past news was good and also the upcoming.
I am ok to loose. Bet in on it.
I broke in past. Ok to have one more.
I hope this time i may overcome.
Let us see. * more trading days i am looking for. Not just tomorrow.
Have a wonderfull night.
Its going there. Sooner rather than later. Appears to want to take a little break every 10-15% so there could be some choppy movement on the way. My outright guess is 40 within two weeks. But Im just holding the stock not any contracts so it doesnt matter to me.
I did missed last time. and so making a bet on it. Volime is very high and so this can go up another 5 up is for sure.
We would have got the past sales this week.
Anyway let me wait for next friday.
Whatever it is. I am ready for zero or jackpot.
This time no tense.
I don't have a position on AIG but the bottom line is moneyflow just started into the government backed securities (AIG, FNM, FRE, C). The technicals are pointing to more near-term bullish movement. Good chance AIG could hit $50 and challenge the 2009 high.