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

[justtradin]

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

 

[Dentalfloss]

Sold some of BP jan 40puts I picked up at $2 for $14.50 last friday...BP

nice one

 

[justtradin]

nice one

So far my july 15 puts are a write off adding to

BP aug and oct 20 puts

JT

 

[justtradin]

Update WFC Out Of WFC aug 25 puts

 

[D70]

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]

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]

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]

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

 

[gooseman]

not criticising, just observing mate. nice trading thus far....

 

[justtradin]

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

JT