Monday, December 27, 2010

NG close out

I closed this covered call out for a scratch trade. After commissions it's going to be + $2. The option expires in 20 minutes and the underlying long has to be closed out or rolled by tomorrow at 11:30am PST so I just took the break even here to be done with it. A half hour ago I was facing a -$400 loss so I'll take the break even. I am going to keep an eye on the FEB contract for an entry point near 4.000. I might even sell the 4.000 put.

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