Sold to Close 1 SPY Dec 20 2008 $135.00 Put at 15.41

Trade

Trade ticket:

SPY Dec 20 2008 $135.00 Put 46.70 +2.40 (+5.42%)
Transaction: Sold to Close
Security: SPY Dec 20 2008 $135.00 Put
Quantity: 1
Price: $15.41
Value: $1,541.00
Target price: $

Trade Note:

I've had this put since last November, I think, and I have a feeling it's time to shed some risk and take some profits.  I'm not a technical guy, but I'm told the market is heavily oversold, and this favorable WFC news might spark a multi-day rally.  I still have another put in my account that I will probably hold until expiration.

Posted about 6 hours after the trade

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Trade

Company information:

SPY 116.94 -0.16 (-0.14%)
Users bought (this month) 72 (55.38%%)
Users sold (this month) 58 (44.62%%)
Market cap 72.78B
52-week high 117.48
52-week low 76.53
10-day volume 203.01M
P/E 0.00
EPS (trailing 12 months) 0.0
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Posted by mpc220 on 07/16/08 at 06:56 AM

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