Tuesday, March 10, 2009

Buy ROH (sell puts)

Buy ROH via selling the Mar 60 puts. ROH looks like a done deal with the stock trading very close to the deal price of $78 (77.82). There is a sliver of premium left in the puts, so some level of disconnect or some folks feeling the need to hang on to insurance.

As for today's rally, I often get burned when chasing, so don't want to do that. There are some stocks that I am looking at.

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