Buy DDS put

By admin on October 26th, 2008

Dillard’s Inc. (DDS:US) fell 7.2 percent to $3.10. The department-store chain may have its debt rating cut by Moody’s Investors Service, which cited the company’s “continuing weak operating performance.”

So I expect them company’s share will keep go down. I bought Nov 08 put at $2.5. The symbol is DDSWZ.

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