Some open put positions

SIRI - jumped on the bandwagon once I saw all those exhaustion gaps. I was tempted to buy more on the last big gap up, but puts were still pricey when the stock was knocking around $9 at $1.85. Currently features on my public stockchart list

Bgt Dec 3rd Jan 06 puts $2.20



CIEN - got the perfect entry point, but probably should have bought Jun 05 instead of Jan 06 puts. There was only a 5c change in the bid/ask of the Jan 06 puts when the stock dropped 7% on the day. Currently features on my public stockchart list and is still considered a breakout, although the bearish flag breakdown put a dent in this move.


Bgt Jan 3rd Jan 06 puts $0.45



AGP - The series of candlesticks with long upper shadows was to tempting to overlook after a big rally with little or no pullback. The put position remains vulnerable to a big one-day move on a news event. Stock splits on Jan 19th. Featured as a gold member short play

Bgt Jan 5th Jun 05 puts $6.20.


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