Open: HPQ BLPS March 27.5/30

HPQ had nice earnings sending the stock higher and it’s was close to it’s 52 week low before it announced.  It hasn’t been below $27 in the past year so I think this is a good trade.   Also, there was huge call buying in the March 30 strike.  This seems very solid for me.  If it continues to work I may start trading HPQ in place of MSFT as my BnB tech trade.

The trade:  1.00 credit  1.50 risk

This entry was posted on Thursday, February 26th, 2009 at 4:38 am and is filed under Trades. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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