A couple of weeks ago I mentioned I bought a few of the $85 strike SEP 10 puts on BP Prudhoe Bay (NYSE: BPT). Sold out of BPT today at $104.69, for a gain of a little over 100% since I bought it in ‘07. Also put in a limit order to buy a few of the $90 strike SEP puts on it, in addition to those $85 strike SEP puts I bought a few weeks ago. Will consider getting back into BPT in the 80s.
BPT versus OIL over the last six months
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