Thursday, January 8, 2009

Sold 1 Mar Lumber 170 Put for 6.1

I sold 1 Mar Lumber 170 Put for 6.1 or $671 this morning. This would be my 4th leg. Lumber is currently about 70 pts below appx cost of production. It's a great level, but it is also very slow too, so it'll take a while to recover for sure.

Natural gas is going down, so hopefully my Feb 5.25 Put gets filled soon.

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