This is regarding exit strategies:

My current gig makes it difficult to stay on top of the market action so tonite I will be placing some GTC orders to sit there if certain events occur. If you've watched/traded currencies, you have seen times when they move 100-150 points in a flash or overnite. My position is ideal to capitalize on that event. So, I'm entering orders to sell 3-1.2800 puts @ 36 tics and 2 @ 45. Also, selling 3-1.3000 puts @ 79 tics. The remaining 2 will be held for a bit longer, maybe. I can envision a 147 point drop, taking the market to the mid 1.31's and the volatility and emotions should give the 1.28's a 30 point lift and the 1.30's a 50 to 60 point kick.

Stomper

Rockin' the Bakken