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15 Nov
Posted by Sensei @ 12:24 pm on Thursday, November 15th, 2007 in Options, Trades
I talked about it yesterday that I was going to buy weakness this morning. If we opened weak and I started to see signs of “oversoldness” I would attempt to buy that.
Bought some November IWM 79 calls. They have 1 day to till expiration. I just like the R2R ratio on this.
I’m fading the gap in the IWM by picking up 50 contracts at .21.
78.5 is the close/high from 11-13 and a gap fill will be around 78. If it doesn’t work out, it doesn’t work out.
Tags: call-options, fading-the-gap, iwm, Options, Trades
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