Sold CMG puts and profited $496
What is a retard to do when he’s handed a good chance to make money, like with CMG? The answer is that the retard (that would be me), sells and takes his profits. That’s what I did. I’ll do it again too.
It’s interesting to me when I read an options trader that at first appears to be intelligent, who is telling me that I don’t know what I’m doing. I’ll be writing up something nice about this options trading genius later today, but for now I just wanted to let everyone know that I have exited CMG so all of you that followed me should also do so.
What? You didn’t follow me and do the same? Shame.. damn shame.
Sold:
CMG Mar08 $125 puts (CMGOE), 2 @ $20.50
Entered 1/30 @ $18.00, exited 2/6 @ $20.50
14% profit for +$496
stock price entered $116.78
stock price exited $110.90
Now what should I do with my profit? Re-invest? I can only tell you that I would be quicker to exchange the dollar bills for coins to throw at hippies before buying a Bar Mitzvah fairy tail book.
2 Responses to “Sold CMG puts and profited $496”
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Nice trade, What happened to Boogster’s blog?
mh, it’s nice to know that a skilled trader such as yourself stops by here to check things out.
boogster had the semi-meltdown on what he’s naming Black Wednesday, on which he’s given no indications of what he lost. His site is still going (the primary poker one) but the trading blog has not seen any posting and the .net address hasn’t been showing web pages. The .com still shows the blog, and it’s lack of posts ( http://www.boogster.com/blog/ ).
The only part of his post-Wednesday action I haven’t liked is when he disrespected a reader by saying something like he didn’t care if they read the blog or not.