Thursday, August 09, 2007

Buy IWM fund (sell puts)

Sell IWM Aug 74 puts
Market play on this morning's weakness. The 74 strike is four points out of the money, so the market would have to get really hammered over the next weak for these to be exercised. Strike price is below the previous lows. Not exactly swinging for the fences on this one, but it feels like a fat pitch down the middle.

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