Wednesday, August 12, 2009

Re: [TheOptionClub.com] Re: IBM Bear Call Credit Spread

 

Did you look at the combined open interest of IBM options?

gis



On Wed, Aug 12, 2009 at 7:21 AM, jeff_williamsen <jeff@williamsen.net> wrote:
Sorry - it took so long for this to get posted that it is now history.

--- In OptionClub@yahoogroups.com, "jeff_williamsen" <jeff@...> wrote:
>
> Hey gang, what do you think of this play (prices as of close 8/10):
> IBM - 118.70
> STO AUG 120 for 1.23
> BTO AUG 125 for 0.15
> Credit 116
> Risk 384
> Probability (from OX) 72%
>
> I will be watching this morning and making my decision if these numbers hold up. Looks like IBM is ready for consolidation or a pullback.
>
> - Jeff W
>

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