Wednesday, February 14, 2007
No news that I can find, but as I mentioned yesterday after looking at the open interest in the soon to expire Feb options it became pretty apparent that the best place for expiration to occur would be in the $470 area. Sure enough, the stock has run another $7 higher to $466. I'm glad I stepped away from my March 440 puts, selling them at $5.30 for a small profit. They're trading at $3.70 bid today. I will jump back into the trade, or something similar soon since I think it's still going to go down.