Thursday, February 12, 2009

Closed Trade: OIH

You might remember that three days ago I opened a Bear Call Spread on OIH. It was right at the top of the recent channel and up against resistance. Today it hit a nice profit target and sold out for a nice gain. It may very well continue down to the support points at the bottom of the channel, but with more than 14% in three days I'll take what I have... time to ring the register!

Good Trading...

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