Thursday, March 27, 2008

Tonights Meeting Notes:

Thanks Matt!

We talked taxes at the beginning of the meeting and we have Terry to thank for that.

Items Covered: -We discussed a good bit about a 'Delta-Neutral' strategy (more specifically with POT as the vehicle).-

We talked about an April Iron Condor for POT 190/195/140/135 for a $1.05 credit (Or moving the top leg down to 185/190 for a $1.20 credit); Both give you about 20-23% return (22 days to expiration).-

Shorting AMZN: Directional or a Bear/Call spread at the money; (70/72.50 Bear/Call spread is a 1/1 Risk Reward)

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