Tuesday, December 12, 2006

Opening New Trade in Continental Airlines, Inc (CAL)

This morning Continental Airlines (CAL) dropped over 3%. Perfect, thank goodness to all the rumors. I have freed up cash from yesterday's closing of trade in Continental Airlines. So why not reinvest.

Just opened a new trade by selling put options in CAL with Jan 2007 expiration date.

2 comments:

Anonymous said...

Wondering what types of trades will you do when the market trades sideways or down for a period. More oft the market trades in a range or down than up.

What strategies will you employ?

BOL

Million Dollar Count Down said...

I don't really have a good strategy for sideways market. Actually, never thought through it. May be its time to think about it. Well, will try to post my thoughts shortly.