BarryChen > Trade Notes

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Member since: Oct 08

Bought to Close XL PA at 1.70

XL PA 0.05 0.00 [0.0%]

Users Bought (30 Days) 1 (100%)
Users Sold (30 Days) 0 (0%)
Market Cap 6.16B
52-Week High 18.65
52-Week Low 2.56
10 Day Volume 4.68M
P/E -3.92
EPS (Trailing 12 Mos.) -4.59
1Day 5Day 1Mo 3Mo 6Mo 1Yr

Transaction: Bought to Close
Symbol: XL PA
Quantity: Not Shared
Price: $1.70
Value: $Not Shared.
Stop Order: No @ $
Target Price: $
Bouncy stock. I'll short the dips and close the rallies.
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Posted by BarryChen on 03/21/09 at 04:54 PM

Tag It | 1 user tagged it: XL PA, option, buyclose

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chiragshah80

Member since: Jan 09

Trades Not Shared
Trade Notes 0
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chiragshah80
Hi
How do u short it since tradeking does not allow to sell a naked put.

Do you sell a put as a spread to hedge yourself.
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BarryChen

Member since: Oct 08

Trades 160
Trade Notes 9
Blog Posts 0
BarryChen

chiragshah80 said: Hi
How do u short it since tradeking does not allow to sell a naked put.

Do you sell a put as a spread to hedge yourself.

 I do not. I have a long position on a very cheap $2.50 put and I satisfy the margin requirements to allow me to sell a put. It's like paying a small fee to play naked puts. Unfortunately, that pushes my breakeven further as I have to recoup that "fee."