Options Action!

If there is one thing I love in life, its cheap options. Here is a list of my options holdings.

MAC June $2.50 Puts

One of my top options play is the MAC $2.50 June put options. I have been long them since $. 0.25 and with MAC being down 25% on Friday alone, I like this trade. The firm has some serious issues because their balance sheet is in shambles and raising funds is difficult due to the frozen CMBS market.

TTWO April $10 Calls

I got some of these calls between $0.25-$0.30. TTWO has been breaking out like crazy and with $10 in sight, I like the play. However, if the stock pulls back a little, I would sell the April $5 puts naked because I think the floor is in this stock.

Keep in mind, I like to play out of the money options because of the nice reward, however, from the risk perspective, these options have less volume and carry more risk. Feel free to share your ideas!

Tomorrow instead of boring you with bad commercial real estate news, I will introduce another Stock Under $10 Special!