Option Addict | Comments Off | Position Update
Thursday, July 10, 2008 at 08:24AM In the course of updating my current puts positions and exit strategies, I copied and pasted my trades from my last update, forgetting to plug in the trades I have taken this week. Yes, very amateur, I know. I also felt it was unnecessary to share my call positions, since anything bullish is irrelevant in this market. Here are the rest of the details...
This weeks put positions
CLR- I will close out of this today if it closes above $65. My target is $55.
SD- Will exit on a close above $61, target is $52.
GPN- Will exit on a close above $46, target is $42.
Here are my bullish positions
LNCR- Took a very small position a few moments ago, will exit on a close below $27.50, target price $30.50.
FLIR- Will exit on a close below $40, target price $45 (ST).
NUVA- Will exit on a close below $43.50, target price $50.
CELG- Will exit on a close below $69, target $75.
ATW- No point in closing this as I watched a significant gain turn to crap.
GMXR- Will exit on a close below $69, target $85.
CRK- Will exit on a close below $75, target $90.
POT- Will exit on a close below $215, target $240.
Also, I would appreciate it if we could not mention the tickers ICE, LVS, or XL today. Apparently I am trying out this new trading strategy called "Cut Your Winners Short." Letting them run is overrated.
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