Monday, September 14, 2009

here we go x and natty

Im no longer bearish today I covered the short side of my verticals 
the rest of the world was done but foe now we still lead and we do not deserve to be down 
I am  legging in from the buy side last purchas 3.17 natty gas 
covered the 47 at .35 I had yhe 45/47 vertical on now just long the 45 
47 has been a trading range for X if we get there I will leg into the sythentic call
by selling the stock i will use a 3/2 ration so for example if you bought 6 45 calls at 1.10
sell 400 shares of x when it hits 47 then it becomes a trading vehicle