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Friday, February 20, 2009

JPM Options Of The Day

Option Day Purchase: JPM Mar 20 Puts - JSAOD, for a decent profit (meaning no loss for the day). JPM had a nice range today of $2.25, HOD 21 to LOD 18.75 = Closing at 19.96. Stoch are starting to bottoming out, so this should be and considered as a warning. This is a crazy market and you should be small and take your profits when they are presented.
Account status as of end for Feb 20th:
Positions closed for Gain: JPM
Open Positions: None