IBM – Put Entry

I bought 10 Dec 190 puts on IBM for 2.80.  I will look to take my loss if the stock pushes above $190.  IBM is underperforming the market as of late and trading below the 7 day moving average.  It is also in what I like to call a ‘bear vibe’ mode.

Advertisements

Posted on December 4, 2012, in Jeffs 3k-100k and tagged , , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: