weekend charting 17 july 2010, page-98

Chalea original entry was 3.75. I was trialling a married put strategy. With the idea of using any profit made from the puts to buy more shares etc. The idea I think has merit but not on the Oz market due to the large spreads FMG is a killer with this.
I scrapped the idea and currently have an out of the money puts that I will most likely exit in the coming days due to time decay.

Brendan I sold at the close at the red upper line (in case it was going to pop above) the lower swing highs made this highly unlikely in my opinion. Mclarens 0123 strategy . As for a downside target the median line looks a chance but I will watch the option pricing which I have been spending a bit of time studying.But still a work in progress. Nice to have finally nailed an exit for once which I alluded to last week