Wednesday, May 14, 2008

OPEN: DE & CCJ Butterflies

Earnings came out yesterday for both DE & CCJ, so we are doing some more "White Hooves" or post-earnings volatility crush plays.

Bought CCJ JUN 08 45/40/35 PUT @ $1.90 debit

Bought DE JUN 08 75/85/95 CALL @ $3.63 debit

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