Plays for Wednesday (10/1)

Posted by TheNightTrader on Tuesday, September 30, 2008 at 10:28 PM

SLB Jan 75P/80C - It bounced off a trendline and the lower bollinger band today. Bounced a little high, but it's pretty volatile, so I think I'm still safe getting in. I'm going with a +/- 0.50 move. Market order for the put triggered when the stock moves at or below 77.59, market order for the call if the stock is at or above 78.59.

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