HAL Put Entry

I am buying some 30 MAR 42 puts on HAL at 1.55.   Looking to use today’s high as a stop which puts this trade at about 40% risk.  This gives me about 60% of my account invested which is a bit high for all the mixed market signals but the reward potential is very high if the market gets any kind of jolt.

I am holding SDS and CAT overnight as well and FCX.  I had written FCX off, but with a pop today, there is some value coming back.  Still need another good surge to start looking at pulling it off.

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Posted on March 6, 2013, in Jeffs 3k-100k. Bookmark the permalink. Leave a comment.

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