Thursday, March 15, 2012

'Twas the Night Before Expiration

I started getting nervous about WPRT so I sold my April calls when the stock gapped up at the open, netting +28.6%. Too bad I didn't wait for later in the day when I could have grossed 50%. WPRT closed up 5.4%.

AAPL hit $600 but closed down. ARR and CMI picked up the slack on the stock side, with an assist from CMG call options.

FTK and WPRT call spreads will close out tomorrow. ABT has blown through the $57.50 strike of the covered call, and my WYN shares will probably get called too. This week's rally was a pleasant surprise. It's nice to have such high quality problems!

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