BP Oil Spill

I've been watching this trade since morning, was thinking the same thing, but I'm not taking it....

Seems like a lot of "wow" factor left in this mess, can still push it down quite a bit more IMO

 

Also ;ong the 45/55/65 June fly from 5.00 risk to get neutral on vega. 54 last on shares. +2.40 on the day.

 

<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/GKBKAHdlWbI&hl=en_US&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/GKBKAHdlWbI&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>

 

Out of shares at 55.25, remain in the options.

 

Long again from 55.48.

 

Sold 1.70 today, +50%.

 

Out 57.40

 

Just saw this go by. No idea whether this guy has a tin foil hat on or not: