Friday, March 9, 2012

ARR++

I bought more ARR. Who didn't see that coming? :-)

All the March calls for MPEL have been sold. I like this pick but there are too many factors affecting the timing. So rather than let it run through next week or convert it to a call spread and be at risk, I took the conservative approach. Maybe if last month's petro plays had panned out better I would be more aggressive here ... but I'm still smarting from that beating.

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