Friday, March 28, 2008

Pit traders

Traders in the Chicago futures pit are saying that MONDAY next week might be a huge sell off. Who know but just something to watch for. Market is very tough here better to play small or not at all

LM options

Option are now $6.50 up $1.
Ge options down 40 cents. now trading @2.1

TRADE CALL: LM $60 April PUTS

Playing this on news of liquidity problem at some of its closed end funds.
cost is $5.50 risk is all.