TRADE CALL: VERY VERY HIGH RISK!!!!!!!!!!

This trade is only for those with deep risk tolerance

GS $130 PUTS ( GS VF) @$4.80.

Might be a very stupid play or a very good play. The wild card here is definitely the passing of the bill so dont go crazy on it. Just a HUNCH trade.

Market

Market is still waiting on the bill passing on the House. Currently the S&P forming a rising wedge meaning they can take us higher

Citibank VS Wachovia

MIght have some legal problems with Well Fargo. I dont like those kind of plays so lets take all off. Nice play with profit.



MARKETJEDI

TRADE CALL UPDATE : CITIBANK PUTS

Lets take them all off here-

$3.90

APPLE

I dont know what the news is but AAPLE is getting heavy selling here.

TRADE CALL UPDATE : CITIBANK PUTS

Selling 1/2 at open- @ $4.50.


Another winner

TRADE CALL UPDATE : CITIBANK PUTS

Ok folks sometimes it pays to follow your guts and sometimes it doesn't. It has been awhile since I doubled up on a play and it looks like it will work out fantastic. Citibank is trading down on the news that Well Fargo and Wachovia will now merge.

The options here I would wait to see where they opened and since it was a double up play I would take off 1/2 today and ride the rest.


ONLY WINNERS HERE!!!!!!!!!!!!!


MARKETJEDI