Friday, April 04, 2008

CF update

Wow - The stock is trading at $124+, up $10 for the day.

The stock price puts our Aug $110 calls $13 in the money with 4+ months to go.
The calls are trading for $27. I'm very glad that we didn't sell yesterday AND that I decided to hold off until the MOS earnings.

Today's objective: close out our position.
I'm sensing mad money, so we are going to watch and see it it hits closer to $29. I'm thinking a stock price of $126 will do it.

Stay tuned

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