An IBM PUT, and a UNH CALL
On 7/12/06 I purchased 10 contracts of July 80 PUT with IBM. It cost $4715. I put in a conditional sell order of $6000. It sold for that price today for a gain of $1270.
Today 7/13/06 I purchased 10 contracts of Sept 4i5 Call Options with UNH. The contract filled today for $4615. There is a conditional sell order of $6000 in there. I am crossing my fingers.
All the market indexes have made lower lows, while the VIX has made a short term high. Today the bears were definitely in control. Tomorrow will be a decisive day as lately we can't tell who is in charge for the intermediate term. I'm thinking that there will be a quick bounce tomorrow and then the bears will take charge again.
0 Comments:
Post a Comment
<< Home