Tuesday, February 5, 2008
Bought 2 contract of Put options on YUM @ 0.90
Yum have earning report today and I'm sure in this economic crisis, not so many people will eat out therefore, I bought put option yesterday. This is my first time buying options and I don't want to start that much therefore, I only buy 2 contracts just to try my guess. The earning report gives a dissapointing outlook and the stock price is dropping, however, it started to go backup again later about an hour later. Unfortunately, I live in PST and I cannot wakeup to check my stock early in the morning, I should've put 1.20 order before I went to sleep yesterday since I'm sure it will execute this morning. O well, I just keep holding into it since it's not a really big price to pay anyway.
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