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May 11th, 2010 at 3:36 pm
TNA/RMM – No hurry. You should get the fill on the way up, not down (delta differential) but if it goes up and you don’t fill – then you get $10 for the puts and if it goes up and you do fill, that’s good too. If it goes down and you don’t fill – good, you don’t want puts that aren’t working and a spread that’s not working. Patience is the way to go with these plays.
Good idea, thanks Craig.
IWM/RMM – I believe JRW is using pivot points.
$100KP/New2 – Sure, you may have to remind me after hours but that’s a good plan.
MTW/RMM – Sell the 2012 $10 puts and calls for $7.70 for net $6/8 (off the current price).
FAS/Matt – There’s a lot of selling into the stick today, that’s going to push him back closer to the bell but the volume shouldn’t have exhuasted him yet – that’s why I called off the puts.
Eggs/JRW – Oh my kids (8/10) cook with me so we had a blast dealing with the one giant egg omelet. I like mixing a little education/experience with the cooking sometimes.