Wednesday, June 13, 2007

Halliburton (HAL)

Okay, I am bad in managing my option position. The swing for the option is so large. The correction from 5.90 to 3.80 is greater than I though. Thus, I decided to close out my October Call with a little bit of profit. I'm still having my PFE though and looking to close this position with a loss.

Lesson learned: Will not sit out any correction for options. Just buy/sell at swing ends.

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