Friday, July 8, 2011

QM = B/E

I went long oil

97.80

I added

96.70

my avg

97.25

I bought 1 CL put at 1.35 premium at strike 96.00

I got out yesterday

96.38 AVG b/e on trade

took +836 profit on hedge! the cost was 1035 took a minor loss!

Let see if we gap down over the weekend.....

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