The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Wednesday, July 12, 2006
Email – #152
Let’s take our profits on the Coach (NYSE: COH) August $27.50 put, COH TY. We were in at $0.55 and the current bid is $1.20. That’s a very nice return in less than two weeks. We lost 26% on the call, so at a bid of $1.20 for the put we should net 49%.
Hold your PAAS call and your COGT put.
Good trading,
Steve
