Monday, March 19, 2007

Pride International, Inc. (PDE) Trade 3-16-07

Bought some PDE July 35 calls on Friday. Got this play from an options site. There was very high volume on this call. Target is 100%.

UPDATE 5-25-07: I sold my calls for PDE this morning. I felt there is going to be a correction soon, so I wanted to take my profits. This trade made 121% gain!!!

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