If you follow my advice Friday on Bear Stein (BSC), buy both call and put options, you have already make a lot of the money on the put side. Now since JP Morgan is buying at $2 per share, it is time to get out of those positions, and collect your winnings.
I think the market still has some slightly more to the downside, but we need to watch the volume on the sell and long side. Don't be greedy, wait for the signal to get in.
Monday, March 17, 2008
Friday, March 14, 2008
Is Bear Stein A Bargin?
Bear Stein (BSC) is down over 50% in day. I believe there could be an option play on the stock. Buy both put and call for next month. I think you should be able to make money either direction because of the volatility. The financial sector is still bad right now.
Subscribe to:
Posts (Atom)