Protective put. Was chasing citi thinking if the market took off citi would follow and break out of its downtrend it has been stuck in, it simply bounced off the trendline and rolled over, so I picked up some puts so I can sleep better on it.
I still think Citi is an insolvent company, I was just trying to make a momentum play based on technicals.
Fast99snake > Trade Notes
Member since: Jun 09 
|
Fast99snake: Trade Notes
CommentsFollow comments
The above content is provided for educational and informational purposes only, does not constitute a
recommendation to enter in any of the securities transactions or to engage in any of the investment
strategies presented in such content, and does not represent the opinions of TradeKing or its employees.
TradeKing provides self-directed investors with discount brokerage services, and does not make
recommendations or offer investment advice. You alone are responsible for evaluating the merits and risks
associated with the use of our systems, services or products. All investments involve risk, losses may
exceed the principal invested, and the past performance of a security, industry, sector, market, or
financial product does not guarantee future results or returns. Your use of the TradeKing Trader Network is
conditioned to your acceptance of all TradeKing
Disclosures and
of the
TradeKing Trader Network Terms of Service. 2007-2009 TradeKing.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||