Got this trade from insanemoney.com.
POT had a nice bounce off the 30 and 50 day moving averages near 175 a few days ago. Yesterday it opened just above 190 which filled the previous gaps on 4/16 and 4/29.
Bought JUN 08 190 CALL @ $19.50 debit
Expecting to either cash this trade out or roll this long call into a possible spread....will update you soon.
Tuesday, May 6, 2008
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