How is your poker these days? Sometimes, it is better to be lucky than smart. Selling those PCP calls this morning was a gift. Now the market is giving me an opportunity to play PCP again.BA just announced a six month delay in the schedule for the 787. Nervous investors are running to the exits. Sorry, but much of this news was baked into the stocks of TIE, PCP, ATI, and BA. There will be some downside, but it will recover shortly.
I re-entered PCP and bought Nov150 calls. Unfortunately, TIE also took a hit and my calls from yesterday were at risk. I just averaged down and doubled up on my TIE calls by adding to Nov30's and also adding Nov35's.
We will see if greed gets the better of me here. I am placing my bets, because I think I have good cards!
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