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October 23rd, 2012 at 10:36 am
DIA in the $25KP is a lucky break as we ended up in the bear spread, rather than the naked short puts. Notice it's better to be up 40% of $3.10 than 50% of $1.31! Same with CMG – that's why those bull and bear spreads are much better ways to play if you want to be more conservative.
USO/DC – Good question but, as you can see, better to buy some more time. Oil not even holding $86 at the moment.
LOL Pharm! I like that Letterman one.
You're welcome Ink.
Germany down 2.25%.
Tempting/Hemas – Best to set a stop on 1/2 and another on the other 1/2 – keeps you from guessing a bottom.