Bought $22.50 put options earlier this morning when
the VISN was just under $24, now hanging around 22
1/2-3/4. Still have almost 3 weeks left on the options.
SOHU has pulled back about $7 after it beat earnings this
morning. Got Bank of America for puts after it's big runup
early last week, and way up on those. Wish I would've
seen Fannie Mae for puts after the rumor last Mon. about Congress
helping them, spiked to 18 1/2 last Mon. AM, was down to 12 the
next day. Maybe another case of buy the rumor, sell the news
like the housing bill today.
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VISN
Posted by bob52 on 28th of Jul 2008 at 12:25 pm
Bought $22.50 put options earlier this morning when the VISN was just under $24, now hanging around 22 1/2-3/4. Still have almost 3 weeks left on the options. SOHU has pulled back about $7 after it beat earnings this morning. Got Bank of America for puts after it's big runup early last week, and way up on those. Wish I would've seen Fannie Mae for puts after the rumor last Mon. about Congress helping them, spiked to 18 1/2 last Mon. AM, was down to 12 the next day. Maybe another case of buy the rumor, sell the news like the housing bill today.