Tuesday, April 5, 2011

Mixed Bag

DNS -6, +2, 0. Watch list members with 5% gains or better: SMTC CIEN & KGC.

Trades:

I sold my April RBCN calls (+19.56%) and May WTW calls (+105.4%).

I bought SCHN calls. Oops.

All of my April calls have been sold or converted to call spreads. I've been taking a bit of a defensive posture here, selling marginally profitable positions coming to expiration and bottle rockets that could sputter out and take a quick dive due to profit takers. My call spreads are typically well in the money.

Reversal alerts: (3) - only SJT is worth mentioning.

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