NEW (closed for 273% profit), BKUNA and NDE

Published on March 13, 2007

NEW (closed for 273% profit), BKUNA and NDE

March 13, 2007

Registered users received my alert for BKUNA and NDE sometime either before or just in time when US market opened today. Both fell wonderfully giving great rewards. I shall send the transaction details later on about which ones did I open and which strikes etc.

I also closed my NEW positions without waiting to squeeze last dollar from it. The rewards were $273% for less than 2weeks holding (I bot $5 March put for $0.95-$1.00 and sold today for $3.70). Instead I employed that money for NDE and BKUNA. Which turned out to be a good decision. MER fell below $80, and if by friday it is pinned at $80 or so, I will be reap full benefits of my adjustment to MER trade that I had mentioned earlier.

I am happy I was not playing the musical chairs and was out. As of today, I am in good cash to pick-up few opportunities should market tango tomorrow. At the same time I am waiting for expiration for NKE and MER income portfolios. I don’t plan to open any income trades as I am continuing to travel in India for my holidays.

Cheers and profitable trading, OptionPundit

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