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wrong - I think - 10% loss

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Steve Toan's Options Picks Steve Toan offers updated buy and sell strategies for options.

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July 28th, 2010, 02:32 PM

SteveToan

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Join Date: Dec 2009

Posts: 46

wrong - I think - 10% loss

A few days ago I suggested selling a credit spread in the $oex calls $515/520 for a credit of $1.10. I think the market is going to move higher - so I am going to take a small loss now and step aside - you can buy back that spread for $1.5 giving us a loss off 10%

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