Wednesday, April 11, 2012

Alocoa May 2012 Option

Just a quick update on a trade I execute yesterday. I opened a 9 dollar strike call option expiring next month on Alcoa (NYSE AA Cost $0.69) on the basis of it has really fallen below two standard deviations and earning were due out that day. I have actually already closed the position this morning at $1.15. 66% return in 21 hours.

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