Monday, December 3, 2007

Nibbled at TIE Puts Again

I nibbled at some TIE puts this morning shortly after open. I planned on taking a big bite, but a TIE upgrade from CitiGroup this morning (initiated at buy) gave me a little pause. My on-line broker having an option market technical hick-up for 30 minutes (9:45-10:15 AM) also affected my purchases. Not knowing the bid and ask for 30 minutes definitely causes issues.

Anyway, I have a marker down and will be adding on any move above $30.00 or any real trend down. I bought Jan30 puts.

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