Friday, December 5, 2008
Sold 1 Jan Lumber 170 Put for 5.5 ($605)
This is another cost-avg for my lumber trade. This option expries the end of this month (Dec 2008) and if I do get assigned, I'll be holding 4 lots. Lumber is definitely a free fall, especially with housing markets. I'll continue to trade my plan. I'm prepared even if Lumber goes to zero (free lumber for everybody).
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