Seeing the channel between 90 and 100, we put on a double calendar on NMX today.
BOT CALENDAR NMX JUL 08/JUN 08 95 PUT @ $1.50 debit
BOT CALENDAR NMX JUL 08/JUN 08 90 PUT @ $1.55 debit
Total cost basis= $3.05
If this begins to trend upward above 95, I will look to add on a calendar at 100.
Thursday, May 29, 2008
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