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September 8th, 2011 at 11:40 am
Phil / SNDK / WFR — I have positions in both. SNDK is fairing better due to volatility and my shorter term trading style (entries of $35.38/40.69 entries — trading at $39.70). Bought both near there year highs but was able to swing trade the options on SNDK to keep me close to even, not so much on that tight downward slope of WFR. I already have the Jan ’12 $6 puts sold (0.79) for my next (last) allocation for WFR which will give me entries of $9.96/7.98. Even if assigned, I should be able to get even with a couple front month calls that go my way.