10 Day trade .. using OTM put options on $LEAP

One more short play for the bears.  $LEAP has had a bounce on a continuous selloff.  It should be good for 4% to the downside.  I want to try this trade this time with options.  We are only going to hold the options for 3 days.  The Theta on the Sept 11 puts is about a .01, that means we have to pay .01 everyday we hold them for rent.

Tags: Daily

This entry was posted on August 22, 2010 at 10:03 pm and is filed under Headline, Ten Day Trades. You can follow any responses to this entry through the RSS 2.0 feed.