Monday, July 13, 2009

AIG and ABX

Just to share my recent trades late last week.

Sold AIG July 10 put at $1.01 
Sold ABX Aug 30 put at $1.40

Any comments?
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2 comments:

  1. AnonymousJuly 13, 2009 at 3:45 PM

    please share the basis of your trade. thanks. :)

    ReplyDelete
  2. OPTIONISTSJuly 13, 2009 at 9:11 PM

    Well, AIG has been beaten down heavily since it's reverse split. I expect the support is at $10 and hopefully a turn around. With only 1 week to go and a premium of $1.01 which is 10% of the strike, I see this as good deal.
    For ABX, with overall weakening of economy, I am expecting gold to be in demand. It is an August put and I hope ABX would hold above 30. Also, $30 is the price I am comfortable to buy at this point of time. Only time will tell.

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