Thursday, April 03, 2008

CF Watch

We own the Aug $110 Calls @ $14.60
It is trading up today: Bid price is now $19.60

That's a 34% return.
I am putting an order to sell for $22 (a 51% return). That is effectively a CF stock price of ~$116.

I am watching this closely - my strategy is to not hold the long calls beyond the week. If we don't come close to $22, I may sell as high as possible to lock in gains.

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