Wednesday, March 13, 2013

Scrub

I threw in the towel on Friday's URI calls, -45.5% and -46.8%. URI wasn't showing strength and was down again so I opted not to pay to roll it forward. It went up a buck after I hit the confirm order button of course.

SLRC goes ex-div next week and I didn't want to take a $0.60 hit on a $2 option, so those calls were sold, +33.2%. I bought stock shares in another account.

ARR went ex-div and announced a dividend cut. A trailing stop sold 1/3 of my position, -0.8%. It held up better than I expected. We'll see what tomorrow brings.

FXI has been selling off so now the short leg of my bull put spread is ITM. It's never easy.

I bought ECL shares on Monday.

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