Friday, January 12, 2007

VeraSun Energy Corporation (VSE) Trade 1-10-07

Bought a few put options on VSE. Bought the March 15 put, felt with oil in a mudslide who's gonna put their money in ethanol????? So I went short on VSE.

UPDATE 3-18: This option expired worhtless! Had a change to exit the trade in the early phases for a small profit, but choose to ride it out. Mark this one down as a 100% loss!!

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