Thursday, July 24, 2008

Back in the game.... Biggest question out there: have financials hit bottom? Most saying no, I am saying yes.

Bought Jan 09 MBI $15 Call for $50 (2 lots). Strictly a technical play. The 52week high is around 70! Any retracement to even 10 in the next couple months could mean big $$. Some pnl and delta analysis is interesting (and difficult to interpret):


Monoline insurers :/

Hopefully Jan is far enough out for something to materialize

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