Well, looks like holding some of the FDX puts was a good thing to do in my trading account. Closed the rest of them out for a very nice two day profit. OIH is dropping prety good still. Didn't get the chance to increase the position this morning. If it drops to 130 today I will be adding to it with more bull calls.
cache, perhaps, you jumped the gun a lil on oih eh? I also see nice support at 125-130. Nice trade with fedex, i am amazed at how many sectors and issues you are able to follow successfully.
Today's Action STO 2 OIH AUG 125/130 p @ 2.20 Profit/Loss Acct. Value: $14,370.50 YTD Gross P/L: $4,945.00 YTD Commiss: $574.50 YTD Net P/L: $4,370.50 YTD % P/L: 43.7%
cache, i decided to join you on the OIH train. Infact, i stole the idea from you so if i win the drinks are on me. Sold 125/120 Bull Puts for $1.6.
Ahhhh... just a regular ATM credit spread. I should have tried to juice a little more out of it. Something closer to about 2.40 but my forecast has the odds in my favor anyway. I'll be monitoring it closely, but I plan on giving it plenty of room to evolve.