Monday, January 26, 2015

Closed: EMES,

I caught a great move buying Feb 48.5 puts on EMES at 62.50.  If I were just short the stock I would let it ride but on OTM options a little caution is order.  The market was rallying so rather than wait for a home run book the profits

Entry: 1.38
Exit: 2.00

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