Cashing Out, Buying In

I got spooked Wednesday morning when the AAPL sell-off resumed, and closed out my Sept. call for a nice 64% profit. Sometimes you get the sense that someone knows something you don't - in this case that would be about the Samsung case. I needed some cash for some other prospects so it was sold along with CVI calls and MNTA puts, both of those netting just under 20%. I kept the AAPL shares so tonight's news was good.

This week I reviewed PAY and bought more. I put in a low limit order for more ARR which eventually filled.

New ventures include stock in CDNS, JAZZ, and MLNX, and calls for BIDU, CDNS, JAZZ, and TGP.

FTK and TAL Closed

The August bull call spreads for FTK and TAL closed out as winners, +118% and +36% respectively.

ARR has dropped ex-dividend so I'll probably add onto my position once it stabilizes. PAY is my only losing stock position, down 12.6%. I'll have to dump that soon if it doesn't turn around. AAPL is the biggest gainer, up 12.7%, and fortunately the biggest position dollar-wise (over 3 times the next biggest). Go Apple!

I have a number of September calls that I'll be selling or converting to bull call spreads in the coming weeks. I plan to start selling the weekly OTM AAPL calls against my September call. I also need to get some October calls in place.

FTK, ARR, TAL, SPRD Update

This week I sold my FTK shares after a nice earnings bounce.

I sold at the money calls to convert my August FTK and TAL calls into bull call spreads.

I re-bought ARR for two accounts, and added onto my SPRD position.

ARR

ARR tripped the 4% trailing stop loss orders. I had cap gains for all accounts and some nice dividends.

I'll probably be back before the ex-dividend date and add on when the secondary offerings knock the price down.