Wednesday, September 29, 2010

Looking at an attractive short here...

I'm looking to short SANM by purchasing Jan 12.50 Put Options. However, I need to see the stock trade below $11.50 first, with the T2108 dropping below 80, the T2106 moving down towards zero, and the SPY breaking this week's low, those are my trigger conditions. My stop will be above $13.00 with the target being $5.00 - $6.00.

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