Hmmm ... I have been banging on about hedging for a bit and quietly accumulating long dated ETO's.
Just as I was feeling a tad smug I saw this trade go thru on the 12/10/05 ... this is either mega smarts or just huge kahoona's.
Sold 1000 XJO 4450 June06 Calls (XJORH) at $2.26 !!! Now THAT'S premium !!!
Now at about $1.84 now that is around $42k green in just two days ... I am humbled !!!
Cheers ... tight stops.
This is only my view ... read the red stuff.
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