Friday, June 25, 2010

F chart

Interesting chart action as it touched support exactly today. I had sold puts, but maybe I should have been buying calls as it hits support. You get positive gamma if you buy the call but negative gamma on the short put sale. If there is truly a bounce you should profit more on the long call than the short put, probably should buy an OTM 25-30 delta call too. I'm going to look at those prices now and follow this.

1 comment:

  1. So just for the fun of it I bought 5 of the $12 calls for .07 to follow along.