Friday, September 23, 2011

Trade: +2000 APA @ $83.50

I like the company and I like the underlying commodity.

I think Treasury prices are too high and that a lot of that money will find it's way into stocks. I looked at a lot of different options but felt like this was the best to take on a test run. If stocks get sold hard, I'll sell and take a small loss. If stocks stabilize I'll buy more. This looks good to me here.

I've done a lot of analysis on this trade that I'll post shortly.

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