Monday, March 5, 2012

Moving Toward Cash

I didn't care for the charts Friday with the Russell 2000 topped out and the Nasdaq and S&P Mid-Cap 400 about to start down. Then there were all of the good stocks that were losing their footing. Even VectorVest was signalling caution.

I took some money off of the table here, trimming option positions that are more apt to trail down.

I sold KEG calls in one small account (no option for spread conversion). I put in "execute and sell orders" for HMY and STLD (no liquidity), and sold my calls for SCCO and SPRD.

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