Tuesday, July 15, 2008

Trade Call: HBC

Yes a Trade Call @ 12 midnight. I must be crazy, so is this call :):)

Shorting HBC tomorrow at open. I might even play the options $70 puts here for August. The reason behind this play is as follows. Banks are totally crushed and this one has been getting heavy put option buying at the $70. Who knows worth a shot, not one of my strongest calls but these financials seem to be getting killed all over, this one has been immune so far..

$70 puts close @2.50.

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