Thursday, June 21, 2007

Sell MRK (Buy back short July 50 puts)

Sell MRK (Buy back short July 50 puts) big percentage loss on option, about a dollar on the $50 stock. I don't like the way MRK melted through support at 49. As always, my posts are not a recommendation for readers to buy or sell.


Positions: long TXN, short BBY, both hedged positions

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