Tuesday, November 18, 2008

BP, Gold update

I like the idea of getting long British Pound calls here, around 1.4980. A long futures trade wouldn't develop until about 1.49 10 but we may not get there. Jan 170 BP calls are offered at 70 ($6.25 /tick makes them about $400+).

Gold came down to 735.2 so it barely missed our stop. It may suprise us to the upside if we can stay in it.

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