Monday, December 21, 2009

Closed X -11.3% (Options -30.6%)

I've closed my bear call spread (-c40/c41) on X at 50.47 on the stock, for a 0.98 debit on the options.

The stock had moved 11.3% against my direction (a 12.8% rise), and the loss on the options was 30.6%.

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