Buy WM Washington Mutual sell Oct 35 puts, stock edges higher despite issuing an earnings warning.
Elsewhere GLD and GDX showing strength. RIMM straddle holders are close to break even, getting the good word from Jim Cramer. The employment report is being intepreted as bullish, with stock, gold up, bonds down. Retail is one of the stronger sectors.
Long GM, WM both hedged.
Friday, October 05, 2007
Buy WM, sell puts
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment