Tuesday, March 13, 2012

CMI Gone

There are times when you're just glad to be invested in the market.Today was one of those days.

Last week I converted my CMI calls to a bull call spread by selling March $120 calls when the stock moved above that price intraday. It closed below that Thursday and even lower on Friday, but had a nice rally today which triggered a limit sell order. I could fret about losing some profit, but not after seeing how WPRT dropped late in the day. Netting +34% in 6 days will have to do.

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