nickoo and csl &his hairy trade

Short CSL.NICKOO

I bought CSL put options on Monday. CSL has risen slightly since then, and the value of the option has fallen marginally. Below are the details...


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OPTIONS TRADE #1.

CSLVT ($19.00, Feb 03, Puts).


Entry:
CSL was trading at approx $20.60 on Monday, 25 Nov 2002 when i bought CSLVT (as described above) for $1.08.

CSL closed the days trading today at $20.72.

I will post the details of my exit from CSLVT on the day.



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Nickoo
If you did not sell those CSLVT Puts ,
you have got to be one hell of a strong believer in your trading decisions ,


CSLVT….. 19.00 strike ..last1.060 - - 40……OI… 53

Sure is looking in your favour now ,

If you can go by that bearish engulfing candle ,

It not only covers more than half the previous days candle body ,but it closes near the open for the the day before ,

I think they call that one an island reversal with a vengeance .




Maybe Kenny can be humbly enough to say he was wrong when CSL hits $19.00 to close the gap.

Good luck Nickoo


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