The Volatility Trader
105 W. Monument Street
Baltimore, MD 21201
Tuesday, October 17, 2006
Email – #202
Volatility Trader Alert
Sell the Goldcorp November 06 $20 calls (GG-KD) at market. At the current bid of $3.00 for an 18% gain.
American Eagle Outfitters is moving in our direction, and should drop into the money tomorrow or Thursday, just in time for our exit prior to expiration.
Even with today’s positive earnings news from JP Morgan (NYSE: JPM) the banking/brokerage sectors are being hit hard. Sit tight on Morgan Stanley – when stocks like this fall, they fall fast. And we want to make sure we’re along for the ride.
Exit is everything,
Mark Whistler
