Wednesday, February 20, 2013

The Sell-Off

What a day. It started out okay and I bought shares in JAZZ, FLT, and ARR, calls on URI and FLT, and sold bull put spreads on XLB and XLI. All underwater. What a difference a few hours made today.

I decided to sell 1/3 of my REGN to lighten up that losing position, -15%. Later the stop loss orders started kicking in. URI (+4.5%), AI (+8.5%), and HAIN (-11.4% and -3.6%).

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