Monday, December 15, 2008

Long TOL puts

$20 strike from 75 last Thursday.

USO I've got 25 shares @ an average of 37 now. I sold 15 @ 39 and change, bought 10 back @ 36.80ish. Bought more today @ 37.14.

COST i've got $50 puts @ 50 and 57.5 calls @ .15 (2 of them).

Account took a 130 hit from the COST options and commissions. So equity @ 2070. No biggie.

I'll probably be down to $2k eventually as I don't see a catalyst for a major drop in the next few as opposed to quite a few ppl. My best gauge being the VIX right now.

As for charts.....i've got much more charting coming from now on :)

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