The Old Goes Overboard
Most of the trades from Wednesday's earnings calls came in, and now it is time for them to go out. There are too many other names on the table Thursday for me to get caught up playing the names from last night. Jarden Holdings (JAH), for instance, has faded enough to justify dumping the December $50 puts into the market at $2.50 or better right now. That is actually better than my exit position. I bought some shares in Fusion-io (FIO) Wednesday night, but I've sold those already, along with the ratio put spreads. The latter are still showing an attractive profit here around $0.70 from an entry at $0.40.
The combination trades on F5 Networks (FFIV) may seem a bit more complex, but total entry was $3.50 and the November $90-$80 put spread can be sold by $5.85 alone. The October $92.5-$90-$85 unbalanced put butterfly can be sold, maybe, for a quarter or so this morning. However, if you believe F5 shares could bounce above $85 Friday, you could just hold on to this one. It has a similar setup to just buying the October $85 calls, but getting out of one and into the other would just result in unnecessary commissions....152 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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