das palm spread.. >> i wawant to buyhe july11 eight-t-put spad in palm. >> they are makin aa arish bettock will go lower and buying put a against t by selling that s strike pu you redudu the cost ofof the trade, d limitinggbetween theput that y bought and t one that you sold. in t case of das tradad he thouought pa was overhyped. >> i wldn't short t this stococ with y yr money. bought theuly 111th put spread, selecting 30 cents to to sesell the july 8 strike put. 80 centnt toto make a possibly 2.20, minus t the cost the trade. inin order tmake t 2.20, he needed the stock to fall to $8.. >> all the hope ofsurvival onn one product.t. >> if president obamama taut u anythingngis tha hope is a powerful s source. >> yes,we can! since d d me his move, palm stock llied from 28%,aking his trade, hopelessssthat is because as the stock risis, i solv. now, witith it out o of his han he must use h hehe. "optioion action" fans are leleo wonder, whatat will n do now? >> keepll the legions ofans waitg. had you shoed palm stocks, you woulbe l looking at gger lolosses, the quiui spreadad. havi said at d

das palm spread. >> iant to buy the july 11 eight-put spread in palm. >> they are king a bearish bet the stock will go lor and buying a put against it. byling that strike put, you reduce the cost of the trade, and limiting betweenhe put that you bought and the one at you sold. in the case of dan tde, he thought palm was overhyped. and that the stock had gone too fa too fast. but aimple bearish bet wasn't his strategy. >> i wouldn't short this sto with your money. >> he bought the jy 11th put spread, selecting 30 cents to sell the july 8 strike put. dan pai80 cents to make a possible $2.20 for the difference between the 11, 8 striut, minus the cost of the trade. in order to make the 2.20, he need the stock to fall to $8. >> you have aituation where the mpy is basically pinned all of its hopfor survival on one product. >> if president obama taug us anytng, is that hope is a powerful source. >> yes, we can! >> since dan me his move, palm ock rallied from 28%, maki his ade hopeless that is because as the stock rises, it falls. now, with it out of his hand he must use his head. time is wo