4.55 (-1.10)

03/19/2010 – ThetaOptions IRA Portfolio – Palm May10 Adjusting Spread – Bearish

Well that didn’t work out so well, our original spread PUTs us in the stock at $5. After PALM’s horrible earnings report last night, I’m not sure PALM will be around next year or not.  Therefore we’re going to take our lumps (loss) now & flip this trade into a Bearish spread.  I’ll be really disappointed if the stock rises above our hard stops by MAY! Read the rest of this entry »