Call me crazy, but I decided to start bearish, by entering the 115 Call calendar. If I'm proving wrong, this is only 1/4th of the position's size, so it won't be a huge hit, if I'm right, I'll keep on building it up.
Monday, July 27, 2009
07/27 IBM Calendar *New*
Today I started loading the IBM Calendar. This is the last position for my AUG portfolio, and I hope that the timming of my allocation may help me. IBM looks to be having a hard time to break the 118 area, if we do break it and hit 119, then I plan on adding the 120 calendar. I will also add to this position in a few days.
Call me crazy, but I decided to start bearish, by entering the 115 Call calendar. If I'm proving wrong, this is only 1/4th of the position's size, so it won't be a huge hit, if I'm right, I'll keep on building it up.
Call me crazy, but I decided to start bearish, by entering the 115 Call calendar. If I'm proving wrong, this is only 1/4th of the position's size, so it won't be a huge hit, if I'm right, I'll keep on building it up.
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