Thursday, April 13, 2006

Back to BAB (British Air)

Trade
Buy/write on BAB British Air, buy the stock, sell the May 60 call

For the most part the market is in pre-holiday mode, with the holiday tomorrow for Good Friday. One exception is AMD Advanced Micro. It is lower after guiding in-line to lower for next quarter. Readers might remember that I took a loss on AMD a few weeks back (6-month-chart). Again, survival is #1 in my book.

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