Bets Placed

I had both of my orders filled this morning in both Wachovia and Pulte for the PUT options. I ended up going with the shorter term October PUTS for Pulte as I did not want to expose myself to the earnings report on 10-26 and want to be out of the position by that time.

Wachovia, I am taking a bit of a longer term view - buying the January PUTS - as I do expect the yield curve to invert sometime before then which should cause a freefall in the US financial sector. Here is the portfolio snapshot which includes the entry points:


Also, NCTY is back in the 19s - I am watching it like a hawk - but like I said - earnings aren't until late november and in the meantime cheaper prices may still come.

Regards,

BG