OTCPK:TOUBF - Post by User
Post by
netprofiteer2on Jun 21, 2011 4:18pm
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Post# 18746272
Strategy
StrategyI have been thoroughly spanked on this one but fortunately it was just part of a diversified portfolio. Dumped my shares except for 1000 to keep as a reminder. Here's what I started doing today even though my capital loss eligibility will go out the window (buying back in within 30 days)..I bought a position at $1.70 and sold it at $2. If time permits I will try this again tomorrow and hopefully chip away at my loss..and so on the next day etc. The October 3 call options trade 254 contracts today closing at $.60..a huge premium given current stock price. The October 3 puts closed at $1.80...interesting. b/e is $1.20 on the stock