BP...should i go long..??

justtradin

Member
71 2
Re: Thought about going long at 27.80 yesterday but shorted WFC instead w/ Aug 25 puts.

Today Re: BP Adding puts across various strikes in oct & jan

JT
 

D70

Established member
839 195
Prey tell how analysts can arrive at values to unquantifiable problems and with particular reference to future unknown liabilities.

Every optimistic post so far on this thread has been 100% wrong.
Counter Violent.
At 400p you must be selling BP....?
 

justtradin

Member
71 2
Counter Violent.
At 400p you must be selling BP....?
Sold some more puts to lock in profit at 29-32 added OCT 20 puts on Friday.

Now waiting for BP to move to 36-37 before adding more puts...you get the idea.

Intuitively something feels amiss w/ the whole story...

JT
 

gooseman

Experienced member
1,776 219
Sold some more puts to lock in profit at 29-32 added OCT 20 puts on Friday.

Now waiting for BP to move to 36-37 before adding more puts...you get the idea.

Intuitively something feels amiss w/ the whole story...

JT
something "amiss" and you're selling gamma? interesting....
 

justtradin

Member
71 2
something "amiss" and you're selling gamma? interesting....
I sense(incorrectly or correctly remains to be seen) that BP is covering up what really happened to avoid criminal implications.See comments re: the PLUMES by Tony Hayward. After studying how people tell the truth and lie over the years I have sense that Tony isn't telling what he knows.

I bought Jan $40 and jan $20 puts at $50 and locked in a profit down to $27 and up to the 30's.

I can afford to lose on this trade and I am playing w/ the profits I made for the initial position.As well my target on the stock in the next 6 months is $10.

Of course I could be wrong.

JT
 

justtradin

Member
71 2
Perception mate...appreciate the feedback as I play my game the way I play my game

JT
 
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