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I made an risk adjustment on this AIG. I sold the $20 puts against my $30 puts that I bought. This allowed me to take about $600 off the table, while still leaving me a maximum gain of $10k.
I am def in the contrarian trade here. But I went agianst my gut in several long trades in AIG. So this time I decided to listen to my gut. Lets see where it takes me.
I bought October $30 puts on AIG when AIG pulled back to 48.20. Bought for 2.40. I will look to most likely exit today. I will keep you posted.
ReplyDeleteI made an risk adjustment on this AIG. I sold the $20 puts against my $30 puts that I bought. This allowed me to take about $600 off the table, while still leaving me a maximum gain of $10k.
ReplyDeleteI am def in the contrarian trade here. But I went agianst my gut in several long trades in AIG. So this time I decided to listen to my gut. Lets see where it takes me.
ReplyDeleteLooks like I am taking this play over night. Feel better that I took some off the table.Die AIG Die, Die, Die.
ReplyDelete