Monday, March 5, 2012

REE: adding more

As I indicated yesterday, I thought this might bounce after a 8% down move.  I added another 200 shares when it bounced  Shorted the April 4 call, which had close to 100 deltas.   For scoring the entry, I'm treating it like stock.  I sold the calls at 1.60, which equates to an entry of 5.60, earning a respectable  53%  score for the additional position. 

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